Monday, August 12, 2013

100 ways to acquire real estate

This is the best time to purchase real estate whether you are a first home buyer or an investor before the market turns around and properties start becoming unaffordable again. There are many different ways to acquire, finance and sell real estate whether you have cash or not. Having money helps you negotiate a better deal because you can close quicker and eliminate financing fees.

The following are 100 ways to acquire real estate:

  1. One of the favorites for investors is for sale by owner (FSBO.) As a buyer you negotiate directly with the seller and are able to find out his needs thus getting a better price
  2. Having bird dogs that scout for properties for you to review and purchase and pay them a specific amount when the deal closes. These can be friends, fellow investors, neighbors and others
  3. Rental homes are another source of houses for sale. Most landlords are willing to sell a vacant property rather than wait to put another tenant in.
  4. Knocking on doors to ask owners if they are interested in selling their property in the future is another way. You may get a call down the line when the owner is ready to sell
  5. Probate properties are another great way of acquiring real estate. Find out from your probate department where these properties are usually listed
  6. Estate sales can found through antique dealers who may have great contacts
  7. Government Auctions can have cheap properties
  8. Expired Listings can get you sellers that are motivated
  9. Some investors sell deals at wholesale prices
  10. A good relationship with an investor real estate agent can lead you a good deal
  11. Buying the remainder interest of a life estate and have the owner deed you their rights
  12. Signs out on the road can lead motivated buyers to you
  13. Flyers are very inexpensive and can be distributed to homes in the area you want to invest in
  14. The more traditional way of driving neighborhoods can help you locate homes that are in bad or desperate condition where the owner might be considering to sell
  15. Door hangers in your neighborhood can generate calls from sellers
  16. Fire damaged property can be a great deal if you have rehab experience
  17. Divorce can force a couple to sell their property
  18. Relocating owners are very motivated sellers
  19. Judgements that the owner cannot afford can force him to sell his property
  20. Out of State owners are more motivated to sell their properties
  21. Model Homes can be purchased and then leased back to the developer
  22. Vacant Lots purchased can be used as down payments to acquire other properties
  23. You can put down reservation on lots and sell them later for a profit
  24. Great deals can be found in abandoned home if you are able to track down the owner
  25. Bug controllers can refer properties to you that they worked on and have found out the owner want to sell
  26. Sheriff’s Sale also have good deals on properties
  27. With so many properties on the market, real estate auction companies have become popular and some houses are sold at very good prices
  28. IRS also sells homes to recover unpaid taxes
  29. The county also sell homes that property taxes are unpaid
  30. Estate Sale
  31. Veterans Administration also has homes for sale that have been foreclosed on
  32. Bank Owned properties are also another source and can be very profitable if the are sold for less than their fair market value
  33. Eviction courts have names of landlords who might be considering selling their property
  34. Properties with code violations may have owners who do not have funds to correct them and wants to get rid of the property
  35. Properties with mechanic liens are also another source of motivated seller
  36. Foreclosed properties can be great if you are able to negotiate with the owner
  37. Lawsuits can also force an owner to sell his property to free up some cash
  38. Partnership liquidation that owns real estate can help you secure great deals
  39. Trading homes can be another way of acquiring a property
  40. Private lenders can sell you their bad loans or let you take over properties that have been foreclosed on
  41. Some people prefer to own a nice car and would prefer to sell their home to purchase it. Car sales men can be a great source of who is wanting to sell their house
  42. Reverse mortgage can help you take possession of a property by paying the homeowner until he moves out or passes away
  43. If the owner needs cash you can give it to him for part of the equity in the home
  44. Assumable loans is one of the ways to acquire a property with little cash down
  45. Inheritance is another source of finding great deals on properties. Most children do not need them and can be great for seller financing if they are free and clear
  46. Investor bundles are properties being liquidated by investors because they investing in something else
  47. Large companies with high a turnover can make great referrals for owners wanting to sell
  48. With the world going online a lot of good deals can also be found on the internet
  49. Natural disasters can lead to an inventory of homes that need little work to be sold for large profits
  50. Other liens placed by the city or county can let you acquire the property if you pay off the lien
  51. Tax notices for increased taxes may force owners to start considering selling their homes if they cannot afford the payments
  52. Right of redemption can be purchased from the owner after the property has foreclosed and you can purchase that home for yourself at the cheap auction price
  53. Title companies can also be a great source of properties that fell through escrow for various reason and you can go acquire them at a great cash price
  54. Insurance companies can let you know properties that they do want to pay claims for and you can acquire them for a good price
  55. Carpet cleaners can also give good referral for properties going for sale
  56. Newspaper Carriers know and see a lot in the neighborhoods and can be a great source
  57. Postal workers get move in and move out notices and can provide you with many referrals
  58. City Inspectors may know properties that owners may want to sell
  59. Divorce Attorneys can refer you clients who want to sell their homes
  60. Bankruptcy Attorneys can also refer you clients who want to sell their homes
  61. Remodeling Contractors are usually used by owners getting ready to sell
  62. Missing Meters can mean utility companies have shut of power  and the owner may be selling his home
  63. Bail Bondsman sometimes have properties placed as collateral that are for sale
  64. Homeowners Association have liens, deed restriction  and code violations that may force the owner to sell
  65. Landlords with section 8 tenants may want to unload at low prices
  66. Local Investment clubs have other investors who may also have deals
  67. Landscape Companies are can also lead you to great properties
  68. Police may have property that need to be auctioned
  69. Gambling dealers are also a great referral source
  70. Pizza Delivery also see a lot in the neighborhoods and can be a great source
  71. You can pay an owners car payment to prevent it from being repossessed for an option to purchase the home
  72. Bankers have a lot of contacts and can lead you to some great properties 
  73. Funeral Directors may choose to offer your services to bereaved family members
  74. Bartender hear a lot and may be a great source of motivated sellers
  75. Marriage Counselors may have a divorcing couple who want to sell their property
  76. Dentist and Doctors have lots of contacts and can be a great referral source
  77. Accountants may have clients who want to sell their properties
  78. Subcontractors learn of sellers when performing their contract work and can refer their clients to you
  79. Handymen are called for repairs before the sale of the property and also can give you great leads
  80. Building Inspectors know of sellers who would prefer to sell than correct a violation
  81. Local cable companies provide their service on a move in or move out and can be a great source
  82. Private investigators can provide useful owner information on abandoned properties
  83. Moving companies can let you know on owners moving and planning to sell their home
  84. Churches and charitable organizations receive property as donations and can be a great source of great deals
  85. Furniture Rental Stores’ customers usually move eventually and sell their properties
  86. Retirements homes have retirees who need to sell their property
  87. Foundation and Concrete companies know properties that cannot afford their services and the owner may be willing to sell it
  88. Rental Management Companies know when property seller wants to sell and can notify you
  89. Hardware store clerks are in touch with owners making some improvements before selling
  90. Parent Teacher Associations know a lot about who is moving out of town and you can offer your services to purchase property
  91. Window washing companies may also be a great source for leads
  92. Garbage men see a lot and can give you good leads
  93. Rent to own gives you the opportunity to control the property with little cash down and purchase it at a later date.
  94. Flood zones can make an owner uncomfortable with the high insurance payments and may consider selling
  95. Water and Sewer hookups can let you know who is moving in or out for owners that may sell their home
  96. Check cashing companies can also be a great source for leads of owners with financial trouble that need to sell their home
  97. You can offer to pay for roof repairs for an option to purchase the owners home
  98. You can also offer to pay college tuition for someone else for the option on the owners property
  99. Contractors can refer properties that have rejected their bids as the owner may decide to sell instead
  100. Properties with encroachment may not be fully insured by the title company and the owner may consider selling