You will discover easy steps for you to buy wholesale real estate just by finding vacant houses and by calling the vacant house owners.
One of the easiest tips on how to get a hold of discounted wholesale property deals in your particular town is to find each areas of town that happen to be traditionally listed below the median price of a house and are also working rental areas.
Get up early on a Saturday morning and begin cruising the streets. Bring a a small note book and a pencil and begin noting all the addresses of homes that look like they are vacant, deserted, boarded up, distressed, have fire damage or you name it. If the vacant house is ugly that is ideal, and when it is beat-up or run down that would be better still. Write the home address down.
SIGNS OF VACANT HOUSES
Here are some of the obvious signals of distress. Just one clue is definitely high grass in the yard. Or perhaps, when you are living in a cold and snowy state and drive through a neighborhood after having a snow storm, here is what you could possibly see. When many of the homes in the community have tracks in the driveway, but you discover a house that does not, it can be a great sign that nobody lives in the house and it could be a vacant house.
The most obvious clues will be boarded up windows, cracked windows and in some cases disconnected gas meters. There are a variety of signals that the home is possibly not lived in, forgotten as well as vacant for reasons unknown. These tend to be the ideal addresses to note while driving through the different areas of town and build your list of homes.
SEARCH FOR THE OWNERS OF THE VACANT HOUSES
As soon as you have your list of vacant houses , visit your local county assessor or maybe clerk and recorder website. One way to quickly find the website for your local county clerk or assessor is to visit Google and type a search for your county name plus clerk & recorder or assessor. Search for the real estate or perhaps property details section and search for the street address of the vacant houses on your list.
With just about every tax record, there will be a mailing address for the owner and you have the residence address of the house you wrote on your vacant house list. Many times they are the same but sometimes they may be different. In the event the mailing address and property address are the same, then the owner resides in the home. But, if the addresses are different, then an owner likely does not reside in the property, and so the residence might be a rental or just abandoned. What you are researching for is to find the address of the owner of the property.
THESE ARE EASILY THE BEST WHOLESALE HOUSES
During my 10 years of buying cheap houses, the very best bargains tend to be properties when the mailing address and the property address are different and the owner lives out of state. Think about this, you stumble upon a vacant house and the owner resides out of state, they may not realize that that they own a vacant house. They may have no clue what is going on.
Here is what you will do next. As soon as you get hold of the name of the owner plus their address, you will go online and research for his or her contact number. To start this, you will take their name and their home address, visit anywho.com, whitepages.com, 411.com and look up the owner information. Start building the list of all of the people that own these types of vacant houses.
PICK UP THE PHONE AND CALL THE VACANT HOUSE OWNER
The next thing is to pick up the telephone and contact the owner of the vacant house. Make the connection to the owners and start the conversation to inform them of the vacant houses. It truly is more valuable to pay attention to finding out the motivation for selling than it is to focus on information of the home. Develop rapport and be pleasant. You are trying to assist them clear up a situation. If that results in the fact that you finally end up purchasing their house, then that is great. But, if it solely ends up that you are kind enough to tell them that their house may be abandoned, well that is ok too.
The more relationship you build today with as many owners of vacant houses as possible, the greater your chances will be to acquire cheap houses from a vacant house owner in the near future.
