The MLS listings can help locate potential investment properties. The problem, however, is that so many people use the listings that competition can be stiff. Additionally, by relying only on the MLS, you limit yourself. While there are many listings in the MLS, there are also many that aren’t. Here are a few ways to find investment properties that don’t involve the MLS.
Reach Out to Sellers Directly
Reaching out to potential sellers is a commonly used strategy for finding investment properties. You don’t want to send mailers blindly, though. Your goal should be to send real estate prospecting postcards to those who might be the most interested. Narrow down who you’re trying to target (whether that’s apartment owners, vacant properties, or properties in foreclosure) and go from there.
Work with an Experienced Real Estate Agent
An experienced real estate agent can be an invaluable resource when it comes …