10 Ways To Find Investment Beach Property

by Hubert Miles

If you really want the best deals in investment beach properties, you have to increase your odds by finding more deals. Who is more likely to get a bargain beach property, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten:

1. Network. Talk to as many people as possible about your business. Let everyone you know that you buy beach properties. Offer referral fees for leads that result in the purchase of a beach property.

2. Go online. Do an internet search for the type of beach property you are searching for. Just type in the name of the city, the price range, and other factors that match your criteria to see what is available in the market.

3. Ride around your target neighborhoods searching for “For Sale By Owner” signs. In a slow economy, may owners can’t afford to pay for a newspaper ad every week. You’ll find more beach properties this way.

4. Locate beach properties that have been abandoned. This is a pretty clear sign that the owner can’t or just doesn’t want to care for the beach property any more.

5. Search for old “For Rent” ads. Call the landlord to see if he would be willing to sell. The worst thing he can say is no. the landlord may be willing to entertain a legitimate offer.

6. Talk to bankers. You might get a foreclosed-on investment beach property cheaper if you buy it before they list it with a real estate agent.

7. Hire a bird dog. A bird dog is referred to someone you pay a fee to for finding good deals. Let them bring you deals. This works good for areas you can’t canvas on a regular basis.

8. Eviction notices. If your local papers publish eviction notices, or if you can get the information at the courthouse, it can be useful. A landlord who just went through the process of evicting tenants is a likely seller.

9. Old FSBO ads. If you call on two-month-old “For sale By Owner” ads, and they haven’t sold, they may be ready to deal. Owners often give up the effort, but still would love to sell. Help them out!

10. Use the local news paper. By placing an ad in the paper the you are looking to buy beach properties, you may generate some calls from people who have become extremely motivated sellers.

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