The Best Way to Find a Property to Renovate

Real Estate DealBy far the best strategy we have used to find properties to renovate  has been to build up a network of people who bring opportunities to us.

You will have to develop the network over time, but it will eventually pay off in more properties and more profits for you.

Real estate agents should be a big part of this network.  Frankly, I believe that the best way to find properties is to develop a relationship with agents. If you’re professional with your approach, let them know that you’re serious about purchasing property for renovation and educate them as to exactly what you are looking for; they can be your very best source of leads.

So, my advice is to build relationships with as many agents in your target area as you can. And keep in regular contact with them (at least weekly).

If you have the money, you can also hire individuals (called “bird dogs” or “buyers agents”) to go out and locate properties for you. This is a relatively inexpensive method, especially since it allows you to concentrate on fixing up and selling houses instead of losing time searching for and driving around target areas.

No matter who makes up your network, it’s up to you to let them know what you’re looking for and to “educate” them to think of you first when a likely property pops up (often even before it’s even advertised to the public).

To build and maintain a network, treat everyone fairly and honestly and make them feel appreciated. After all, they’re bringing more profit into your life than you could manage on your own!

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