Investors-Abandoned Real Estate
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1.A New Start - Tomorrow start with a new perspective know in
you mind that you have missed a great deal of opportunities in
abandoned properties that were in front you all the time. Drive
slower, look at every property you go by with your new eyes.
Drive a different way each day.
2.Bird-dogs - Hire a bird dog; pay by the lead or by commission.
Just get someone out on the street actively looking for vacant
properties. They are out there ready for you to make an offer.
Banks and dead-tired owners are waiting for you.
3.Real Estate Agents - Don't waste your time they have already
had these properties listed and couldn't sell them. These are
the dogs that nobody wants anything to do with. No commissions
for agents here.
4.When You Find One - Now the real work starts. Sometimes it is
easy to find the owner through the tax records, no problem. If
that
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doesn't work try the neighbors' maybe they know something.
What's next how about hiring a skip tracer private investigator
could be expensive $400 or $500 to make $25,000 you do the math.
Abandon run-down properties are usually that way for a reason,
nobody can contact the owner.
5.Found The Owner - Find out what they know about the property.
It may be Uncle Charlie's house left to them in his will and
they don't want anything to do with it, an opportunity for a
good deal. Again it could be the whole family knows about it and
they have been waiting years to get their piece of the pie,
maybe not such a good deal.
6.Offer an Embarrassing Amount - Remember it's abandoned nobody
wants it. To get your point across use photos with your offer,
maybe the City Building Dept has notices posted, danger signs.
Use anything ugly, photos of other ugly properties near by
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TODAY'S NEWS:
Jan. 6 (Bloomberg) -- China’s central bank and bank regulator are formulating a plan to allow developers to raise funds through real estate investment trusts, or REITs, said the country’s vice housing minister.
Jan. 6 (Bloomberg) -- Poly Real Estate Group Co. , China’s second-largest publicly traded developer, said property sales rose 20.4 percent to 20.5 billion yuan ($3 billion) last year.
The real estate slump is resulting in declining real estate transfer tax collections across northern New England.
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or
newspaper articles about the neighborhood.
7.Closing the Deal - Use your real estate attorney to prepare
the paperwork and close the transaction. Before money changes
hands, do your due diligence, have it appraised, order Title
report and insurance, a survey, research building code and
health code violations. You should be ready to go.
About the author:
Bill Carey with over 30 years in real estate sales investments,
and home building offers a unique perspective to the buying and
selling process of residential real estate for F*R*E*E
information and reports log on to
http://www.CharlotteNCExecutiveHomes.com and see "Insider Real
Estate Secrets Revealed" ...a must-read for Home-Owners and
Renters! It's a F*R*E*E 12-lesson e-course covering more than 20
topics exposing the realities beh
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