4 Things to Look for In Your Next Property Deal

Yesterday we discussed the importance of finding competition free
property leads.  This is obviously a piece of the puzzle that can
make or break your business.

Again the key is to be the "go to" investor, and in order to become
that type of investor, you need inventory.

But, once you start getting that inventory you're going to want to
know how to sort through the leads in order to find the very best
deals.

So here are 4 things that you should ask yourself about your next
property deal in order to know if you have a deal or not:

1. Is the property physically distressed?  Personally, I think that
physically distressed properties provide some of the best
opportunities.  And they usually have a lot of equity in them.

2. Is the asking price lower than the comparable sales price?
Obviously you're looking for realistic sales prices.  If the asking
price is higher than the comps in the area, then you will want to
push the "no deal" button.

But if the asking price is lower than your comps… (significantly
lower is better) then you've hit the jackpot.

3. Is there a mortgage on the property?  Again, you're looking for
properties with lots of equity.  If there isn't a mortgage on the
property, then you will have more breathing room to make a deal.

4. Is the seller motivated?  All of the above would be irrelevant
if the property owner is not willing to bargain on their property.
So be sure to work with motivated parties.

These are just some of the things that you will want to keep in
mind.  And on this week's webinar I will reveal a lot more.  I will
also reveal how you can put all of these pieces to the puzzle
together.

Register for one of this week's webinars here >>>

Now go and take action!

~ Jamel
 
 

Leave a Reply

Your email address will not be published. Required fields are marked *