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Buying Real Estate Thats Not For Sale
Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. You're looking at the same properties as every other investor, of course, so it's not always easy to beat the competition to a great buy. A better way to find good real estate investments is to look for properties that aren't yet for sale, and make an offer. I bought my first home this way. I put an ad in the paper stating what I was looking for, and soon had a call from an old couple that had been thinking about selling. I bought their place at a good price, and they saved a broker's commission. Buying investment real estate that isn't for sale starts with a three step search process. First decide what you are looking for. Single family rentals or apartment buildings? Then start looking for properties that fit your criteria. Then contact the owners. Buying Real Estate From Non-Sellers Don't limit yourself to "fixer-uppers" or other "problem" properties that seem more likely to have owners willing to sell. Many owners of investment real estate have thought of selling, so you can start with almost any building you like. You never know beforehand if or why a landlord is ready to call it quits. You find out by asking. Tact is necessary here. Call the owner and tell him you're an investor, not a broker. Let him know that you like what you see. Tell him you can have an offer ready in a week if he's interested. If he's not interested, thank him politely and hang up, but send him your card or a letter. Many investors have bought from owners that changed their minds. If there is some interest, explain that you are an investor, so your offer will have to be based on your return on investment. This means you'll need to see the books. Specifically, you'll need to see the rent roll, listing the units and what they rent for, plus current occupancy, and operating expenses for the last year. Have a confidentiallity agreement ready before you call. Let the owner know that you'll sign it and deliver it to him before you see the books. He may not want to let the tenants know he's thinking of selling, so inspecting the units may have to wait until you make an offer. Just make an acceptable inspection a contingency in the offer. Why is buy investment properties this way? No competition and no sales commission means you may get a better price. Also, instead of waiting for that perfect property to be listed for sale, you just find it now. Why wait until it's for sale before buying real estate? Steve Gillman has invested real estate for years. See a photo of a beautiful house he and his wife bought for $17,500 on his home page, or go straight to the section on Investing In Real Estate: http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: The Insult Comic Who Sells Million-Dollar Homes The New York Times Like Real Estate? Earn 12% With AWP Seeking Alpha Texas now restricts Chinese nationals from buying property. Is it alien land laws all over again? The Guardian Mel Foster Co. School of Real Estate offers pre-license courses Quad Cities Business Journal Local real estate investment firm details positive federal tax policy changes for investors SiouxFalls.Business Island real estate transactions – 09-17-2025 The Anna Maria Islander DHHL Delays ʻEwa Real Estate Swap Over Environmental Concerns Honolulu Civil Beat Real Estate Startup Aims to Help Clients Make Smarter, Data-Driven Decisions National Association of REALTORS® Real Estate Notes: Downtown Hilton hotel opens Nashville Post Matt Curtis Real Estate Completes 150th Home Build in Guatemala, Extending Global Mission of Service Huntsville Business Journal Commercial Real Estate Roundup for Sept. 12, 2025 Idaho Business Review Real Estate Transactions, Sept. 15 edition Hopkinton Independent Calvin Harris Accuses Financial Adviser of Stealing Millions to Fund ‘Boondoggle’ Real Estate Project variety.com Bay Area’s historic Green Gables estate sells for $85 million after steep price cut San Francisco Chronicle Detroit among the best U.S. cities for first-time real estate investors ClickOnDetroit | WDIV Local 4 Ocean-to-lake estate hits the market at $134 million in Manalapan, south of Palm Beach Palm Beach Daily News Real Estate: September 1 to September 5 Newport This Week Central Mass. real estate transfers, Sunday, Sept. 14 Worcester Telegram Press Release: Korrin Petersen Joins Bowditch’s Real Estate and Environmental Law Practice Bowditch & Dewey Dunlap & Moran real estate attorney named to Best Lawyers in America 2025 Sarasota Herald-Tribune Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Confirms September 2025 Monthly Distribution Yahoo Finance University of Alabama business school receives $5 million donation The Tuscaloosa News Choice Properties Real Estate Investment Trust (TSX:CHP.UN) Declares C$0.064 Cash Distribution for September Yahoo Finance ‘People are getting a chance to invest in real estate’ realnoevremya.com 7 Renovations That Might Actually Lower Your Home’s Value in 2026, Real Estate Pros Say - The Spruce Calvin Harris Accuses Financial Advisor Of Stealing $22.5 Million For Real Estate "Boondoggle" Stereogum AI and analytics key to navigating ‘exciting inflection point’ in real estate, UBS CIO says Pensions & Investments 66K-sf property near Rice Village sold Texas Real Estate Research Center Best Real Estate Projects 2025: Channel 24 The Business Journals Inside Savannah Homes: 3 fully furnished condos overlooking Chippewa Square for $6.995M Savannah Morning News A glance at Dayton's top commercial real estate transactions, totaling $18.8 million The Business Journals HAR.com Expands to Include Commercial Real Estate Listings Realty News Report 261-unit River House along River Walk sold Texas Real Estate Research Center Signs of more affordability, inventory in mid-Hudson Valley real estate market this fall Times Herald-Record The 36 Top L.A. Real Estate Agents of 2025 The Hollywood Reporter Churches tackle 'ambitious' growth plans with real estate The Business Journals Northwest Healthcare Properties Real Estate Investment Trust Announces September 2025 Distribution Yahoo Finance Basin Street Properties names new leaders amid restructuring The Press Democrat Navigating home inspections, objections and appraisals in Colorado real estate The Chaffee County Times Capital Idea Community Pulse - Lima One Builds Unique Lending Model For Real Estate And Construction Projects Greenville Online Hawthorne Capital Named Fastest-Growing Real Estate Company in the Americas by Financial Times Business Wire The Rise Of Branded Residences: A Global Real Estate Trend With Local Impact - Harlem World Magazine The Rise Of Branded Residences: A Global Real Estate Trend With Local Impact Harlem World Magazine East Cobb residential real estate sales, Sept. 2-5, 2025 East Cobb News Does Las Cruces real estate take a winter holiday? | Column Las Cruces Sun-News Rare two-family waterfront home in Fairhaven sells for $1M. Weekly home sales SouthCoastToday.com Best Real Estate Projects 2025: Sutter Health Park Upgrades for MLB Play The Business Journals Strive305: Tico Casamayor & Irvans Augustin Talk Real Estate with Natalee Lima & Denise Sainz Miami's Community News Serafin Real Estate Announces Auction of Historic Wheatland Farm, A Landmark Loudoun County Estate with George Washington Legacy Macau Business Linkhome Holdings Inc. Launches Platform for Real Estate Purchases Using Cryptocurrency Quiver Quantitative Hearthfire Holdings Innovates Real Estate Investment with Self-Storage Opportunities Programming Insider REALTY ONE GROUP POWERS INTO MEXICO CITY PR Newswire Affinity Real Estate Media (DBA Think Realty) Acquired by Scott Ward, CEO of Thee Network LLC Think Realty |
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