Five Tips To Get Great Real Estate Deals

After a few weeks of search many people start being disappointed and wonder if they will ever find a good real estate deal. What they don't realize is that there is an abundance of deals out there, but they don't actually work to find them or they don't really know how to find them. Here are a few tips that might help real estate investors' beginners or simply people who are looking for the house of their dream.

First, against the odds, the oldest methods are still good. Indeed knocking on doors is still the best way to find deals because other investors hate to do it. The biggest problem is that investors don't know what to say. Just find the right way to introduce your offer.

You can benefit from a lot of information that are public knowledge and mail to people. Most investors mail postcards to people in foreclosure. This is a great idea. But you can also try mailing to people in probate, going through a divorce, in bankruptcy, and landlords who just walked out of eviction court. This kind of information is public knowledge. You can also buy a mailing list and farm neighborhoods.

You can also think about newspaper advertisements. Why? Most people think that ads are too expensive. In fact most advertisements are very affordable provided that you are committed to at least one month of publication. If you are an investor you should find the best place for your ad. One of the best position is to put your ad under "money to lend." Many times the homeowners' first choice is to save their house, not sell it. Once you have them on the phone you can negotiate your way into the deal.

Therefore you may have understood that the bottom line: There are thousands of deals out there. If you don't make the effort to find them, other people will. Just try to find methods that are not conventional and you will get unconventional great deal.

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Turn Real Estate Profits From Old Warehouse Properties

Did you know that you can turn a dusty old warehouse into a good source of real estate income? How is this possible? Typically, the real estate wealth builder uses borrowed money to buy the warehouse property at low cost at an auction or as a distressed property.

At any given time, warehouses are available as pre-foreclosures, foreclosures and for short sales. Some warehouse facilities are of historical interest and can be purchased through historical associations, specialty realtors, and government agencies, for little, or no, money down. Warehouse facilities can be very reasonably priced because owners want to unload them after they've made changes to their business.

If you buy a warehouse, you might turn the property into a uniquely interesting and attention-getting site, serving needs of tourists or business people and residents in the area. Well-kept but rustic warehouse facilities often have special appeal and can be retrofitted into upscale restaurants, taverns, retail shops, art galleries, amusement centers and many other types of attractions.

Another option is to rent the property to an individual or business that can develop the property into a money maker.

With the right kind of property in a sensible location and some rehab, a warehouse can practically "sell itself." We've visited three former warehouse or related sites where the business is booming every day. These places were an old brick warehouse turned into a restaurant/bar, a historic postal mail building turned into a highly successful retail shopping center, and a World War II factory turned into an art gallery. 

If you're interested in buying income real estate, a warehouse facility may be worth checking into. Such unusual properties can offer advantages over traditional income properties such as apartment buildings. Potential advantages of these kinds of properties include:

Warehouse facilities can be very reasonably priced. At any given time, warehouses are available as pre-foreclosures, foreclosures and short sales.
You will typically pay less borrowed money for such a property than you will for an apartment building, yet it can have great income-producing potential.
You may be entitled to special discounts or grants which state and local governments provide to owners of historic property.
Taking into account any zoning laws on the property, you can choose what kind of business, if any, you wish to have on the property
You can decide whether you want to live and/or work at the property or whether you want to be an "absentee landlord" with a regular monthly rental income

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