Let's be honest - finding a great investment property isn't as simple as browsing Zillow and picking the prettiest house on the block. It’s those hidden gems that are off the beaten track that offer the most bang for your buck.
But how to find them?
At Navigator Private Capital, we've helped fund countless investment properties, and we've learned a thing or two about how our most successful clients source their deals. Here are the best ways to find your next winner:
🛠️ Keep Your Ear To The Ground
While the Multiple Listing Service (MLS) is convenient, it's also where everyone else is looking. Consider these alternatives:
- Wholesalers: Build relationships with local wholesalers who specialize in finding off-market properties and selling the contracts to investors. We’ve had clients work with the folks at MarketPro with positive results.
- Direct mail campaigns: Target specific neighborhoods with postcards or letters expressing interest in buying properties.
- Driving for dollars: Physically scout neighborhoods to identify distressed or vacant properties, then research the owners. Of course, this limits you to local markets.
🛠️ Network Strategically
Sometimes it’s not what you know but who you know. Your network is one of your most valuable assets in real estate investing:
- Join local real estate investment associations (REIAs). Not sure where to find yours? Check the nationwide map on the National REIA website.
- Connect with real estate attorneys who often know about probate properties or divorces requiring quick sales.
- Introduce yourself to property managers in your area who might know when landlords are looking to sell.
🛠️ Leverage Online Resources Effectively
If you want to let someone else do all the legwork, turn to a property listing service like the one our friends at Connected Investors just rolled out. If you’re searching for hidden opportunities to stay ahead of your competition, they have made it easy.
They have compiled an extensive database of properties that are ripe for investment - over 157 million to be exact. And they don’t just provide the address–they give you all the property details, past ownership history, tax status, and more.
It’s a treasure trove of information.
But they’ve gone a step further and integrated AI into their software to calculate a BuyAbility Score™. It’s their way of predicting how likely the owner is to sell so that you don’t waste your valuable time.
For a limited time, you can get 2,500 free skip traces EVERY MONTH for the lifetime of your Connected Investors subscription when you sign up for a FREE 7-Day Trial - a $200/month value!
Ready to Fund Your Next Find?
Once you've located that perfect property, Navigator Private Capital is here to help with competitive financing options tailored to investment properties. Whether you need a quick-close solution or maximum leverage for your purchase, our team understands investors' unique needs.
Have you found a property but are unsure about the numbers? Reach out to our team at 888.444.3160 for a quick consultation - we're happy to help you evaluate potential returns and find the financing solution that maximizes your investment.
Happy hunting!