Real estate investing can be a great way to build wealth and generate income. But how do real estate investors find properties that will turn into profit? You can succeed in this industry with the proper research, knowledge, and a bit of luck.
Marketplace Homes frequently helps its clients find and purchase investment properties through our proprietary technology, which sources both on and off-market real estate into one simple search.
The Foundation of Your Success Starts Here
Finding the ideal investment property is the foundation of your success. Deciding on your preferred investment strategy is also an essential part of the process. This enables you to find suitable investment properties for sale that can meet your goals. So what is the best real estate for investors, and how do you find it?
Research Investment Methods
Since there are many ways to invest, researching investment methods is one of the first steps you should take. Here are some popular investment methods:
- Fix and Flipping Homes
You may implement a combination of real estate investment methods or prefer to focus on one type at a time. If you choose to buy and hold, learn as much as possible about where you want to invest. Or, if you prefer to fix and sell single-family homes for a quick gain, there are best practices for fixing and flipping as well.
In either case, a real estate agent will help you find the ideal property. For instance, with buy-and-hold investment, agents can identify markets that aren’t in decline or with disadvantageous average rent prices. Agents will also help you examine a prospective investment from every angle — from its property tax rates to potential rental income based on comparative rentals in the area.
Get A Real Estate Agent
Even if you did your homework and know the types of properties you prefer, working with agents who know the local real estate market will help you immensely. They can help you negotiate the best purchase price and give you insights about the best investment opportunities in your desired market.
As you grow your business, realtors, appraisers, and lenders can provide invaluable support and guide you to make smart choices. For example, a real estate agent can help you find foreclosures that websites like Zillow, Realtor.com, or Trulia may catch days later after arriving on the market.
Decide Your Investment Strategy
The type of property you choose determines your strategy as well. Suppose you want to earn passive income through rental properties. In that case, you need to develop a long-term holding strategy with professional property management and a financial advisor to help you calculate cash flow.
If you decide to fix and flip homes, finding affordable properties for sale that can gain enough value after repairs to generate short-term profit is key. Finding properties with decent home prices without needing substantial repairs requires practice and a little luck, but you will get the best results when you exercise due diligence with every purchase.
Find Investment Properties With Marketplace Homes
At Marketplace Homes, we helps our clients find and purchase investment properties through our proprietary technology that sources both on and off-market real estate into one simple search. While ordinary brokerages only search the MLS, we have access to a broader search to give you an edge.
Investing in real estate can become a lucrative venture — but only if you know what to look for! By researching local markets, getting professional help, and knowing what qualities matter most when choosing an investment property, you can maximize your chances of success. To find the best real estate investment properties, contact Marketplace Homes today.
Alicia Persson is a real estate content/SEO writer at Marketplace Homes. She has several years of experience working in real estate teams that specialized in investments and property management. Before she joined Marketplace, she was a freelance writer for 7 years, leading to a specialization in real estate and home living content for boutique digital marketing agencies. During her writing years, she learned the basics of SEO and gained experience writing for many different clients, making her highly versatile at creating diverse content.
She is a proud University of Virginia master’s graduate and enjoyed her undergraduate years at the University of Mary Washington. When Alicia is not writing, she plays keytar and sings in a local 90’s rock cover band, or she spends time with her amazing family.