Buying Real Estate That's not for Sale

| Posted: 03-04-2008 | Comments: 0 | Views: 2 | Rating: (50)

(?)

Buying real estate that's not for sale requires the right research and some tact. But why wait until that perfect apartment building is 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 confidentiality 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 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?

Sale Tips and Sale Techniques, check this web-site to learn more about Sale.

Rate this Article:

Current: 0 / 5 stars - 0 vote(s).

Article Tags: Sales Techniques, Car Sales, Online Sales, Sales Articles, Best Sales Tips, Home & Property Sales For Free

Article Source: http://www.articlesbase.com/home-business-articles/buying-real-estate-thats-not-for-sale-377687.html

Print article

Send to friend

Publish this Article

Author feedback

About the Author:

Mukaram Mehboob Witter and Publisher of different
websites:
Sale Tips -

Online Shopping -
Web Directory -

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Add new Comment

10 Sizzling Offers That Sell Like Crazy!
By: Mukaram Mehboob | 02/04/2008 | Sales

Why You Need an Auto Bill of Sale Form Before You Buy or Sell a Used Car
By: Mukaram Mehboob | 02/04/2008 | Sales

Preparing Your Home for Sale: Make Repairs
By: Mukaram Mehboob | 03/04/2008 | Home Business

Houses for Sale by Owner - Negotiating Tips
By: Mukaram Mehboob | 03/04/2008 | Home Business

Selling Your Own Home in a Tough Real Estate Market - Five Tips
By: Mukaram Mehboob | 03/04/2008 | Home Business

To Stage or not to Stage? Preparing Your Home for Sale
By: Mukaram Mehboob | 03/04/2008 | Home Business

The Benefits of a for Sale by Owner - Fsbo - Home Sale
By: Mukaram Mehboob | 03/04/2008 | Home Business

House Selling Tips
By: Mukaram Mehboob | 03/04/2008 | Sales

Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:

Latest Home Business Articles

Home Based Recruiting - Networking With Other Recruiters
By: Jim Strickland | 12/10/2008
If you are currently considering Home Based Recruiting as a career option then also consider networking with other recruitment firms to further enhance your ability to succeed.

Online Home Business - Working At Home Advice
By: Cynthia Minnaar | 11/10/2008
Do you dream of being boss free and having the freedom of being able to control when you work and where you work? It is not something you could do working in a job because you have a boss who tells you what to do and when to do it. Imagine having an online home business that would give you this control.

Learn to Make an Online Income - System Product Review
By: Shelley Smith | 11/10/2008
With today’s increasingly tough economy, alternative ways of making money as a backup source of income are always welcome. Increasingly, an online business is a great way to make extra money. The question is “how”?

Highest Pay Surveys Really Works
By: Michael Bowler | 11/10/2008
We recently tested 103 paid survey providers with hope of alerting the public about all the different scams and fakes found on the web today. Highest Pay Surveys was one of the 103 paid survey providers that we tested. We are here to tell you that Highest Pay Surveys really works and we actually have proof.

Network Your Way To Financial Freedom
By: Rosamunde Bott | 11/10/2008
This article explains how you can make money by extending something that you do naturally by becoming a network marketer

The Spiderweb Marketing System? Working Affiliate Program?
By: Mark Hall | 11/10/2008
A review of the famous SpiderWeb Marketing System. I have been trying this Online Business Opportunity out, and have met with some success. I believe it to be one of the most legit and promising online ventures I have ever came across.

How to Uncover the Best Home Business Ideas
By: Boris Tomson | 11/10/2008
Ideas are a dime a dozen. But some ideas are truly the best home business ideas. These ideas are ideas as big as Microsoft, and some others are a little more modest.

Data Entry Work at Home - the Tools of the Job
By: Boris Tomson | 11/10/2008
The home office has become just as important as the kitchen in many households. Having a neatly setup home office can greatly improve your chances of success in your data entry work at home job.

More from Mukaram Mehboob

Sell Your Home Yourself: 5 Powerful Tips for a Fast and Easy Home Sale
By: Mukaram Mehboob | 03/04/2008 | Sales
This article will provide you with 5 powerful tips to help you sell your home quickly and easily. Selling a home yourself, without an expensive estate agent is easier than most people think. However, it will take some work on your part since you will be doing a lot of things that an estate agent might normally do

Selling Your Home? Read These 5 Tips for a Quick Sale
By: Mukaram Mehboob | 03/04/2008 | Sales
The home market is changing. It may not be as easy to sell your home today as it was two years ago, but it's still possible to sell your home quickly. Here are 5 tips to help you do just that.

House Selling Tips
By: Mukaram Mehboob | 03/04/2008 | Sales
There are three important house selling tips you need to know before you sell. Get these thing right if you want top dollar and a fast sale.

The Benefits of a for Sale by Owner - Fsbo - Home Sale
By: Mukaram Mehboob | 03/04/2008 | Home Business
Weekly, more and more homeowners are choosing to sell their homes themselves and some buyers are seeking them out. What are the benefits of choosing to go the For Sale By Owner (FSBO) route?

To Stage or not to Stage? Preparing Your Home for Sale
By: Mukaram Mehboob | 03/04/2008 | Home Business
Gone are the days when you stuck a yard sale sign in a home that was being prepared for sale, held an open house and printed out flyers as some of the major tools for marketing real estate property. Read on to see how "staging" is changing the way realtors market your property.

Selling Your Own Home in a Tough Real Estate Market - Five Tips
By: Mukaram Mehboob | 03/04/2008 | Home Business
If you are in a tough real estate market and are looking to sell your home quickly, you might want to consider doing a For Sale By Owner.My wife and I recently bought a new house and after trying unsuccessfully to sell our existing house through a real estate agent for several months decided to try For Sale by Owner. However, through our experience we discovered a few things. Here are a few tips if you are considering a FSBO in a less than ideal real estate market.

Houses for Sale by Owner - Negotiating Tips
By: Mukaram Mehboob | 03/04/2008 | Home Business
Houses for sale by owner, also known as "FSBOs," are a unique case in real estate investment. Buying from an uninformed seller who thought he knew enough to handle everything by himself can be frustrating. It can also be very profitable if you are prepared.

Article Categories

Article Marketing

Article Notepad

Stop Duplicate Content

Term Papers

Need Help?

Sign up for our email newsletter

Receive updates, enter your email below

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.24, 17)

Buying Real Estate That's not for Sale

Article Comments

Related Articles

Got a Question? Ask.

Latest Home Business Articles

More from Mukaram Mehboob

Need Help?

Site Links

Webmasters

Business Info

Sign up for our email newsletter