Showing posts with label buy a house in washington dc. Show all posts
Showing posts with label buy a house in washington dc. Show all posts

Sunday, January 21, 2018

Bahamas Real Estate on For Sale - ID 19976

The best real estate agents. Find them at Referz.com.

Realtor com listing 19976



















Lightbourn Realty assists Buyers/Sellers interested in investment for homes, properties, vacant lots in Bahamas Real Estate. As one of the most trusted partners With the Coldwell Banker Group for 17 years, Lightbourn Realty has a wide range of property Listing from beach front villas, new homes and resale properties for sale to vacant land, commercial property and vacation rentals available.


Go to the site


Coldwell Banker Lightbourn Realty is not responsible for any errors or omissions contained on this website.


Find the best real estate agents. Free service. Personal recommendations.


All content © Coldwell Banker Lightbourn Realty 2018 unless otherwise stated.


Work less. Earn more. Real estate agents earn referral fees at Referz.com.

Friday, January 19, 2018

Direct Mail Products - Services - Postcard Printing - Mailing

Apartment Marketing Slogans That Lease, Lease, Lease!


Trust me. I know. Coming up with an effective slogan for your apartment community can be one of the most difficult parts of apartment marketing. The problem is not just coming up with a catchy slogan; that task is pretty simple. The real task is creating a catchy slogan that will also entice prospects to LEASE FROM YOU! After all, leasing apartments is the bottom line! All you have to do is keep your slogan simple, relate it to your property and create a desire to live in your community. Of course, you have to do this while convincing yourself that what you come up with doesn't sound stupid.


When you start looking for the perfect set of words that describe your community it seems the world has been laid before you. You have a blank canvas. You can say, well, pretty much anything.


Go to the site


What image do you want your slogan to portray? Do you want it to directly relate to your community's setting? Do you want to create a slogan that makes your property seem better than it really is? (Think about that one for a minute. You've bought goods and services from vendors who used exactly that strategy, so you know it works.)


Find the best real estate agents. Free service. Personal recommendations.


These are great questions to ask yourself first. Then, start tossing ideas around in your head, bounce some ideas off of a co-worker, and maybe about 4 hours later you will have Googled "apartment marketing slogans" so many times that they all seem the same. . .mostly silly, and none of them apply to your community.


Now's a good time to take a deep breath and step back. Remind yourself that it really isn't that hard to come up with a marketing slogan. In fact, we'll walk you through it. You can breathe now. Ready? WOOOOOSSSAAAWWWW.


We've come up with 4 simple steps to create a slogan that is personal, unique and fits your property well.


1 - KISS - Keep it Short N' Simple. We're renting apartments here, not trying to sell a car based on 100 different options. Something simple and short will certainly do the trick.


2 - Relate The Slogan To Your Property This should be a no-brainer, but you would be amazed if you saw the slogans that I've come across. A community deep in the mountains is not "Where Big City Living Meets Country Charm," and a 70-story building in mid-town Manhattan is not where you can "Escape it All." If you directly relate the slogan to your property and surrounding area, you're eliminating a lot of potentially bad ideas.


3 - Your Amenities Are A Huge Selling Point! If your property has awesome amenities, use them to your advantage. If you're located on a golf course, then go with a golf-related slogan. "At Home on The Green" would be a good one. If your community is surrounded by lakes and nature preserves, a slogan like "Luxury Living Between Peaceful Nature Preserves and 5 Scenic Lakes!" could work really well for you.


4 - BUZZWORDS are essential! Buzzwords are key to every marketing campaign you launch. Of course, you want to capture the audience with a beautiful presentation, but you also need to capture their thought process with words that create a desire to LEASE! Any word can be a buzzword, but what's your community's buzzword? That is the question.


-If your community is income-restricted, words like "Affordable" can mean a lot to a prospect.


-If you're close to everything, then say you are!


-If your best selling feature is your location because you're near excellent shopping, you might try this, "Where Great Living and Shopping Are Only Minutes Apart."


-If one of your selling features is large square footage, then say so with words like "extra-large", or use your actual square footage. "Featuring Up To 1,400 Square Feet Of Luxury Living In Each Apartment Home" works nice. Whatever you do, don't use words like "spacious." Everybody says they are "spacious." Give your square footage meaning!


I hope these 4 simple steps bring you a little closer to the perfect slogan for your property. Just remember, keep it short, keep it relative, feature an amenity if you can and use buzzwords. Let your slogan sell for you!


Work less. Earn more. Real estate agents earn referral fees at Referz.com.

The best real estate agents. Find them at Referz.com.

Sunday, December 31, 2017

California Cheap Houses, Find Homes for Sale From Up to 50% Off!

The best real estate agents. Find them at Referz.com.

California Cheap Houses for Sale


FIND YOUR DREAM HOME HERE AND SAVE BIG


California Cheap Homes for Sale


We provide first-hand information on all California cheap homes available for sale. Many people have turned their interest in California foreclosed homes into a fortune and now it's your turn to make money buying California cheap houses through our foreclosure listings.


You Discovered the Best Price Reductions on California Cheap Houses for Sale


Everyone wants to save money on California cheap homes for sale. With our comprehensive listings of California cheap houses for sale, you can find exactly what you need with bargains up to 50% below current market values. We know how to make home buying affordable. Uncovering phenomenal deals on housing is simple when you know where to find cheap houses in California. We can show you deals on discount, bank owned, and even distressed houses.


Go to the site


Luckily, we refresh our data on on a daily basis so you know for a fact that you're accessing the most recent listings and cheapest properties available. Do yourself a favor and don't buy anything until you see our list of low cost cheap homes in California.


Find the best real estate agents. Free service. Personal recommendations.


Work less. Earn more. Real estate agents earn referral fees at Referz.com.

Wednesday, December 27, 2017

48161 Real Estate - Homes For Sale, Trulia

Homes For Sale & Real Estate in 48161


183 homes available on Trulia



Go to the site



  • For Sale By Owner



  • 3bd

  • 2ba

  • 1,562 sqft




  • 2bd

  • 1ba

  • 804 sqft



Find the best real estate agents. Free service. Personal recommendations.



  • Open House: Fri, 11-6PM



  • For Sale By Owner



  • 6bd

  • 2ba

  • 1,600 sqft




  • For Sale By Owner



  • 2bd

  • 1ba

  • 10,021 sqft




  • 3bd

  • 1ba

  • 1,211 sqft




  • 3bd

  • 2ba

  • 1,456 sqft




  • 2bd

  • 1ba

  • 974 sqft




  • For Sale By Owner



  • 4bd

  • 2ba

  • 2,700 sqft




  • For Sale By Owner



  • 3bd

  • 2ba

  • 1,890 sqft



  • 4bd

  • 1ba

  • 1,427 sqft



  • 4bd

  • 1ba

  • 866 sqft



  • 2bd

  • 1ba

  • 865 sqft



  • 3bd

  • 1ba

  • 1,174 sqft



  • 3bd

  • 2ba

  • 2,291 sqft



  • 4bd

  • 2ba

  • 1,600 sqft



  • 3bd

  • 2ba

  • 935 sqft



  • 5bd

  • 4ba

  • 3,117 sqft



  • 6bd

  • 1,812 sqft



  • 3bd

  • 1ba

  • 1,288 sqft



  • 3bd

  • 1ba

  • 898 sqft



  • 3bd

  • 1ba

  • 1,341 sqft



  • 3bd

  • 1ba

  • 982 sqft



  • 3bd

  • 1,450 sqft



  • 2bd

  • 1ba

  • 818 sqft



  • 3bd

  • 1ba

  • 1,266 sqft



  • 2bd

  • 1ba

  • 808 sqft



  • 3bd

  • 1ba

  • 1,266 sqft



  • 1bd

  • 900 sqft



  • 3bd

  • 1ba

  • 900 sqft



  • 2bd

  • 1ba

  • 732 sqft


48161 Real Estate Insights


ZIP code 48161 is located in Monroe, Michigan.


Living in ZIP code 48161 comes at a cost of $125,852. Home prices here marginally dropped 3.1 percent this year. In the same time frame, the number of homes for sale modestly declined by 2 percent, with 144 listings hitting the market in this year. A handful of homes in ZIP code 48161 have main-floor laundry rooms which can save time and energy when it comes to tackling that mountain of laundry. Quite a few residential properties in this location have a swimming pool, which is really great if you like to lie out and relax on the weekend. Anyone who enjoys homes built in the bungalow style will certainly appreciate ZIP code 48161, as these single-story houses dot the streets here.


Work less. Earn more. Real estate agents earn referral fees at Referz.com.

The best real estate agents. Find them at Referz.com.

Monday, December 25, 2017

The best big cities to buy a home instead of rent - Business Insider

The 10 best big cities in the US to buy a home instead of rent




  • Jan. 18, 2016, 2:00 PM

  • 241,192


If you're planning to stay in St. Louis, Missouri for more than three years, it's worth it to buy. Shutterstock


Go to the site


In a lot of big cities, buying a home only makes financial sense if you're staying put for a while. InВ New York City, where the housing market is notoriously competitive, it may not be worth your money to buy a home unless you live there for 18 years.


Find the best real estate agents. Free service. Personal recommendations.


That's according to a recent SmartAsset report, which calculated the "breakeven point" — the point at which the total costs of renting become greater than the total costs of buying — for 29 major cities.


Everyone's situation is different, and there is no universal answer to the rent versus buy question.В In this analysis, the cities with the shortest time to break even areВ the best places to buy.


Here, we rounded up the 10 cities with the shortest breakeven points. We also included the average monthly mortgage payment, monthly rent, and home price, from SmartAsset's report:


View As: One Page Slides


Tampa, Florida



Average monthly rent: $1,349


Average monthly mortgage payment: $776


Average home price: $191,536


Charlotte, North Carolina



Average monthly rent: $1,168


Average monthly mortgage payment: $757


Average home price: $186,693


Atlanta, Georgia



Average monthly rent: $1,263


Average monthly mortgage payment: $823


Average home price: $202,969


Miami, Florida



Average monthly rent: $1,722


Average monthly mortgage payment: $1,013


Average home price: $249,952


Baltimore, Maryland



Average monthly rent: $1,599


Average monthly mortgage payment: $995


Average home price: $245,453


Austin, Texas



Average monthly rent: $1,454


The best real estate agents. Find them at Referz.com.


Average monthly mortgage payment: $742


Average home price: $183,134


St. Louis, Missouri



Average monthly rent: $1,131


Average monthly mortgage payment: $667


Average home price: $164,493


Dallas, Texas



Average monthly rent: $1,302


Average monthly mortgage payment: $594


Average home price: $146,616


Philadelphia, Pennsylvania



Average monthly rent: $1,414


Average monthly mortgage payment: $640


Average home price: $157,802


Detroit, Michigan



Average monthly rent: $1,206


Average monthly mortgage payment: $432


Average home price: $106,456


SEE ALSO: How long you have to live in 15 major US cities to make buying a home worth your money


Recommended For You Powered by Sailthru







The 10 best big cities in the US to buy a home instead of rent


In a lot of big cities, buying a home only.


Recommended For You








  • Your Money Emails & Alerts


    Get the best of Business Insider delivered to your inbox every day.


    Work less. Earn more. Real estate agents earn referral fees at Referz.com.
  • Wednesday, December 20, 2017

    Cheap Houses for Sale: 10 Tips for How to Find Inexpensive Homes

    How to Find Cheap Houses for Sale: 10 Tips for Smart House Shopping


    by Brandon Turner | BiggerPockets.com




    Go to the site



    Find the best real estate agents. Free service. Personal recommendations.






    That’s what I told my agent when she asked me what kind of house I was interested in buying.


    I was 21 years old and looking for my first home; I knew nothing about real estate, but I knew one thing: I wanted to buy a cheap house. At the time I was making barely over minimum wage so I wasn’t buying a cheap home because it fit into some master investment scheme… I wanted a cheap house because it fit in with my budget.


    Can you identify with that?


    I got lucky on my first deal and found a great, cheap home that I was able to fix up slightly and sell for substantially more money a year later. Since then, I’ve learned that whether you are shopping for your own personal home or for a house to flip or rent out, finding cheap houses for sale in your market is imperative to securing your financial future. However, depending on what part of the country you live in, this might be difficult with the increasing competition in the real estate space.


    How you define “cheap” is obviously relative, but this guide should give you a starting point for finding the lowest-priced houses in your neck of the woods.


    (Should you actually buy cheap houses? That’s an important question, but not the subject of this article. Be sure to check out Ben Leybovich’s great post from yesterday called “Newbies Take Note: Why You Shouldn’t Buy Houses for $30,000” to jump into that debate!)


    Let’s get started.


    Ten Tips to Find Cheap Houses For Sale


    1. Sort by Price


    This first one might be the most obvious on this list, but many people don’t know this. When searching an online real estate platform like Zillow.com, Realtor.com, or Trulia.com, the properties are often, by default, listed by “most expensive.” Get into the habit of instantly clicking to sort by “cheapest first” and you’ll always see the cheapest houses for sale listed. Additionally, if you search over a large geographic area, you’ll be able to look for patterns to see where the lowest price neighborhoods generally are.


    See the screenshot below for an example of the Seattle market from Realtor.com. While the median sale price for a home in the Seattle area is around $400,000 (source) these properties can be found for under $150,000. Obviously this is not taking into account the condition or neighborhood, but it’s a good place to start.



    2. Look at a Lot of Houses


    By looking at a lot of houses, you will be able to better sort out the good from the bad and train your mind to find great deals. After all, “cheap is relative” so get a good grasp on your local real estate market by attending as many open houses as possible. Set up appointments with your real estate agent to tour a dozen prospective homes in one day, and take note of what you like and what you don’t like. Or spend your weekends driving up and down streets while your spouse uses a smartphone app to check out local home prices. The more you look at, the better your odds of finding a great deal.


    3. Make a Lot of Offers


    Many real estate investors abide by the 100-10-1 rule, which says you should look at 100 houses, offer on 10, and get just one accepted. By submitting a lot of offers, assuming most of them will fall through, you increase your odds of getting a really great deal on a cheap house.


    As one of my real estate agents is fond of saying, “If I don’t blush when making an offer, it’s too high.”


    4. Consider a Fixer


    Sometimes cheap homes for sale are priced low because they require a lot of work. However, just because a property needs some TLC, it doesn’t mean you can’t pursue it and get a great deal. In fact, every single property I’ve ever bought was some sort of “fixer” and that’s why I was able to get such cheap prices on them.


    Fixers, however, carry with them a certain degree of risk and complications – and can be difficult to finance. If you decide to purchase a fixer, keep in mind the following tips:


    The best real estate agents. Find them at Referz.com.



    • Always get the property inspected by a professional home inspector so you know what you are getting into.

    • Always get estimates from licensed contractors so you can accurately estimate the potential repair costs (and be sure to check out The Book on Estimating Rehab Costs from J Scott and BiggerPockets, available on Amazon or for free when you buy The Book on Flipping Houses.)

    • Look for “cosmetic fixers” that need simple fixes, like paint or carpet. Bad smells are also great- because they are easy to remedy but drive away most of the competition.

    • Consider using a rehab loan, such as the 203k FHA insured loan, to wrap the rehab costs into the loan.



    5. Look Outside the City


    One of the best ways to find cheap houses for sale is by looking outside the busy cities and suburbs and focus more on the rural. I’m not talking about buying a farm in the middle of nowhere, but there are generally low-priced communities within an hour or two of every major US market. Generally, the further you get from major metropolitan areas, the lower prices you’ll find.


    In this same line of thinking, consider buying real estate away from the US Coasts. The Midwest and South generally have much cheaper prices on property than the East or West coast. Obviously there are exceptions, but if you don’t care where you buy, focus on the Midwest and the Southeast.


    6. Set up Automatic Alerts


    Another way to snag a good deal is by being prepared with the first offer on a property.


    Have your real estate agent set up automatic alerts for whatever property type you are interested in so you can jump at any great deals. If your agent doesn’t do automatic alerts, set them up with a real estate search portal like Zillow or Redfin.


    7. Look for “For Sale By Owners”


    Often times, in an effort to save money, people list their homes with a For Sale By Owner (FSBO) sign in the yard and hope for the best. However, many times these people have no idea what the true value of their home is, and may consider selling much cheaper than other homes in the neighborhood. Also keep an eye on sites like Craigslist for FSBO sales and jump on them quickly.


    8. Focus on the REOs


    Almost every property I’ve ever purchased has been an REO (Real Estate Owned.) This means the property was foreclosed by the bank and is being resold. REOs are generally cosmetic fixers and may have been subject to vandalism or neglect for many years, though any title issues have been taken care of. I like purchasing REOs because I’m not dealing with an emotional bank – I’m dealing with a machine. I can offer much lower prices and get better deals on the properties I do purchase. For tips on buying a foreclosure, be sure to check out How to Buy a Foreclosure: The Comprehensive Guide to Buying a Foreclosed Home.


    9. Negotiate Strongly


    You get what you negotiate.


    Never assume the asking price needs to be the sale price. (Tweet that!)


    Although this works better when there is less competition, negotiating with the seller is one of the best ways to lower the cost of your home purchase. Be okay with losing the deal – and you’ll be on top of the negotiations. For more advice on negotiating a real estate deal, check out How to Negotiate: 7 Real Estate Negotiation Tips.


    10. Talk to a Wholesaler


    Finally, one great way to find cheap houses to buy is through a real estate wholesaler. A wholesaler is someone who finds great deals and gives the right to sell that deal to another buyer for a slight markup. Wholesalers typically find deals through heavy marketing and good negotiation – and can pass on considerable savings to you, the buyer. HOWEVER – keep in mind that most wholesalers only sell to CASH BUYERS so if you plan to use a loan, it might be difficult. (P.S. – to find a wholesaler, check out the BiggerPockets Forum and look around for knowledgeable wholesalers in your area. You can also call the number on those “I’ll Buy Your House For Cash” bandit signs on the side of the road in your town!)


    Conclusion: Finding Cheap Houses


    You don’t need to settle for the most expensive home on the street to be happy. Whether it’s your primary residence or an investment property, you make your money when you buy so go out there and buy a great deal.


    Hopefully these ten tips will give you some great places to begin looking for cheap houses. I’m sure I missed some other obvious tips, so I hope you’ll do me a favor and share your favorite tip below in the comments! Also, if you have any family or friends who would benefit from this post, please share this on your favorite social media channel!


    Free eBook from BiggerPockets!



    Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks, and techniques delivered straight to your inbox twice weekly!



    • Actionable Advice for Getting Started,

    • Discover the 10 Most Lucrative Real Estate Niches,

    • Learn how to get started with or without money,

    • Explore Real-Life Strategies for Building Wealth,

    • And a LOT more



    Sign up below to download the eBook for FREE today!


    We hate spam just as much as you


    About Author


    Brandon Turner (G+ | Twitter) spends a lot of time on BiggerPockets.com. Like… seriously… a lot. Oh, and he is also an active real estate investor, entrepreneur, traveler, third-person speaker, husband, and author of “The Book on Investing in Real Estate with No (and Low) Money Down“, and “The Book on Rental Property Investing” which you should probably read if you want to do more deals.


    Related Posts





    7 Mistakes That Will Prevent You From Attracting Real Estate Leads




  • 7 Creative Ways to Increase Your Site’s Opt-in Form Signups




  • 3 Tips for Marketing Your Multifamily Investment Property [Video!]


    54 Comments


    Great article Brandon! REOs are great but I have had great luck with short sales and estate sales as well. Looking at the small towns outside the city is also great advice. Much less competition.


    Thanks Mark! Yes – Short Sales and Estates, both excellent options that I forgot about! Thanks for adding it!


    You’re a man after my own heart! We all want the “cheapest” house, it just makes sense! But then comes what do you get from that house, what will the returns be, appreciation, and what about the safety, right?


    I’ve created my own Leveraged Analysis Technique for finding these properties, and I even give a video demonstration on the biggerpockets blog for anyone interested in learning how to do this effectively, and I take it a couple of step farther than this: First, I ALSO check out the Crime. I ALSO sort by Photo count (the more photos, the less crappy it turns out to be, the more time you save), and finally, I look at the Rents. The Crucial Key Metrics (C.P.R,)


    The internet has made it extremely easy to leverage these resources. We just need to smart about when and what we leverage for each price range. (which we now know how, and share, here on biggerpockets). Thanks for addressing what’s on everyone’s mind.


    I love the 21 yr old Brandon asking for “cheap.” Lol.


    Hah thanks Lisa! Yeah, I’m always surprised by those who don’t try to find the cheaper homes in their area. I think there is a stigma that says cheap=bad. Not always true (but sometimes!)


    Of course, right! That’s when this little thing called “discernment” comes into play, and we use our previous skills and resource to consistently pick the best ones. I mean, I am VERY discerning about my investments, but there are still a ton of low cost, great CF properties to choose from. I mean, isn’t that why we are all here, instead of writing this out, learning how to DISCERN a gem from a rock?


    When making 100 offers, are you making the offer or are you having a real estate agent make these offers? How does your agent feel about that? I suppose it depends what the time frame of those offers are. 100 in a week is much different than 100 in a year.


    It’s more of look at 100 houses (online or in person) and make offers on 10. The idea is that if you are getting more than 10% of your offers accepted, you are probably offering too much. For years, I was getting 9/10 of my offers accepted and now, looking back, I know I should have offered less, lost out on some of them, but I’d have more equity and cash flow today.


    Brandon, thanks for the timely article. Seems like with the drop in inventory and increase in prices around here, even the REOs are expensive or trashed and need cash only offers. Getting tough these days! Definitely need to keep the options open. Thanks for the tips.


    Hey Gerald, thanks! Yeah the MLS is getting tough so we have to find some new sneaky ways to get a good deal!


    Regarding making 100 offers and getting one house — I rarely make offers. In the past year I’ve made only 1 offer that got rejected (list price $13,500, offered $14,000, sale price $24,000). That’s because I run the numbers BEFORE I offer so I don’t waste my time or my agent’s time making tons of offers that probably won’t get accepted.


    When I visit a house I take into account an estimate of the number of rehab dollars I will need and factor that into my “all in cost”. I also don’t make offers on houses I don’t look at.


    I guess I prefer the sniper method versus the shotgun blast method.


    I agree- I’m actually more on your side with the sniper approach. However, when I look at my past, I see that I had way too many offers accepted, and I see now that I paid too much.


    Also – 100 offers is way too much. No agent would do it. What I said was “look” at 100 houses (online, driving by, etc) and then offer on 10. I think a 1/10 ratio for accepted offers is pretty good, and not so much that my agent won’t do it. It takes him maybe 15 minutes to write up and submit an offer, so he maybe has to spend 3 hours on offers for every one deal. I’d say that’s time well spent for him, since most “first time homebuyers” take 3 hours just to submit one offer! 🙂


    As always thanks for reading and commenting! You are a wise person Dawn!


    Different strokes for different folks I suppose.


    I personally find it a colossal waste of time to look at a bunch of houses I don’t even make offers on. It takes a lot less time to write an offer than to even do a driveby of a place, forget about actually going inside.


    I make most of my offers before looking at the place and see what sellers want to play ball and I will go tighten up my numbers when it makes sense.


    I am an agent so I can do this without having someone else do it so that is clearly a big factor.


    I am curious at how many houses you looked at and only made one rejected offer on?


    To my point above you use a lot more time and effort of your agent looking at a house than offering on it.


    Thanks for the tips Brandon. I’d look outside my city but housing prices are a stupid expensive where I live and in the surrounding areas.


    I’m looking to buy soon and think I’ll look for places for sale by owner.


    I have a dllema that I should not be having I think it would make a nice blog article for one of you guys to present to the Bp universe. Anyone interested?


    good article but I’ve found that trying #7 and 8 are a migraine at best and a toothache at worst for flipping…maybe i just come across jerks w/ those two…


    Hmmmm… as a real estate investor, I’m a little confused by this list. MLS is only a research tool to me to get a quick run down on pricing in an area but I never purchase at retail, only wholesale. FSBO is good just like REO (not so much in Canada.. its against policy for banks to sell below FMV). But Tax Liens and Sheriff’s sales are fantastic.. get the info on the home, perform all due diligence and make an offer directly to the owner before the auction and score a deal without competition.. Also, I never purchase with a realtor but will always sell through one… helps me to automate my system so im doing less. And my golden rule has always been only buy with OPM. And when looking on Craigslist, dont look for the people who are selling houses, look for the people who are selling personal items such as a customized Harley Davidson… there should be no reason other than money issues that someone would sell these items. Have a chat with them and make an offer…you may walk away with buying a house and a bike While helping someone out of a tough situation.. its all about problem solving.


    Jason – are you after my heart? Completely agree with you perspective. Haven’t bought a thing off MLS in 5 years, and I am licensed!


    Great article… I love the Short Sales and Estates option!


    Jason those are great ideas for the Craigslist leads.


    Brandon, I seem to have the most trouble with fha and the 203k. When fha has such strict guidelines for the overall condition of the property how do you convince them a crappy fixer upper will be safe for you?


    Hey Ben.. yep… I have only purchased 1 house of the MLS and only because I knew I had no competition. It was a foreclosed remediated grow op that the banks would not finance without health clearances. There were multiple offers on the table but no one could secure financing. I went out and got the Alberta Health Services clearance as well as an updated air quality report. I secured financing prior to making an offer and did an inspection myself so there would be no surprises. I then placed an offer with no financing condition, placed an inspection condition, $5k deposit with an additional $5k on waiving of conditions… oh, and the offer was 35% off of the list price. Offer was accept, house bought, reno-ed and flipped, suited the basement and sold it for 75% over purchase price with 40% net profit… presold before the work was done or the property listed.


    I do my best to have the seller approach me as a warm lead without competition rather than chasing down cold leads or MLS listings with loads of competition. This is a more efficient use of my time. I work very hard at being lazy… I am of the work smarter not harder school of hardknox


    Jason – you are what we call a creative and sophisticated investor; one who creates his opportunities rather than competes for existing. Very inspiring indeed. All real estate used to be played your/my way. With the advent of HUD/REO/MLS/Financial crisis investors have been spoiled and creativity has been sidelined. I believe this will change sooner rather than later and if all one can do is buy foreclosures off of the MLS, one’s business will come to an end. You are on it sir!


    Hi Ben.. Thanks for the comments. Its nice to know that there is someone of the same mindset out there. Opportunity has to be created.. it is not just sitting around where everyone can see it. The MLS in Canada is where you want to be selling… its a market place and it dictates what people are willing to spend on a home. The keyword in that last sentence is “home”. The MLS is for the emotional buyer and you can never compete against an emotional buyer as they will spend as much as thet believe the home is worth to them. I don’t buy homes, I buy property.. there Is an emotional disconnect that allows me to purchase at my price or walk away. You need to be able to do that in this business… especially if it is how you earn your daily bread.


    Brandon – I definitely agree with prospecting out-of-town. The smaller communities nestled on 20mins drive of major municipalities are definitely appealing. A different take on that is look for land… I am currently working with 2 different business partners who have taught me sooooo much. their philosophy is “can’t find a cashflowing or potentially profitable house to buy/sell.. no worries… just build one!” Land owners are very willing to give you the land to develop for free and take payment once the property has been developed and refinanced/sold. Also, as an investor, you get to pay yourself upfront, develop the property and either refinance to hold and rent or sell for profit. Multiple streams of income from one project.


    Steve – I’ve found that solving someone’s issues is a very profitable and personally satisfying way to earn an income. I encourage you to browse craigslist and kijiji from mid-month to end of month. The things that are put up for sale wreak of desperation. .trying to pile pennies together to make dollars because rent/bills/mortgage are due. It is very easy to strike a conversation with these people and find out what their real need is. If you can solve a financial issue for them then great! You can do this all day long and build a client base that will come back to you when they have recouped and are looking for a home or, when sadly, thry repeat the same mistakes and get into a pickle again. Some people may frown upon this but nothingppl say can make me feel like ive done something wrong by profiting on someone elses misfortune when all ive done is helped someone out of a terrible situation. Ive just witness a beautiful young family walk away from their home with huge smiles on their faces, excited to start fresh with cash in the bank and zero stress. That lets me sleep at night


    Brandon, nice blog. I love how you always provide links and I end up reading 5 articles with each blog. I bought a property that was a little of both last fall that I plan to flip this spring. After driving to a neighboring town and looking at about 4 properties, and not looking at the one I wanted to make an offer on. (It went under contract the 3rd day it was on the MLS, the day I drove over to view it.) I passed a house with a for sale sign in the yard about 5 houses down. It looked small and had piles of junk all over so bad you couldn’t get in the driveway. It had all the utilities off, so I had to look at it by flashlight It was only 10 days until the foreclosure auction I got a great deal but we had to race to get it done..


    I’m leaning in a similar direction to Ben and Jason here – Yes, I may be a little shocked, but probably not.


    Our primary interests are in multiunit / mixed-use properties and, in our local market, when a property hits MLS (actually ICX.ca here), you already know there’s a problem – usually it suffers from serious neglect and/or is way over priced. The real deals – and most which are not really deals – are sold privately. After you get digging in the right ground, you are likely unearthed more than you can reasonable handle

    Not to completely discard MLS – and other online listings – they are useful when first getting started or looking at a new area. We’ve been doing that with a couple of markets in the U.S.A, but find it not only to be lots of work, but it would be impossible w/o a knowledgeable and trusted pair of boots on the ground to weed the simply “cheap” from the possible.


    How does an investor make use of 203k?


    The only way is as an “Owner Occupied Investor”- meaning buying a duplex, triplex, or 4-plex and using the 203k to fix it up and rent out the other units. It’s a lot of paperwork, but it works well!


    How long do you have to occupy it?


    i’m young too 24, and looking to get in real estate and he mentions he did it at 21, how different is it now, is the only way i can get a rental is a conventional mortgage?


    Agree with a lot of your points.


    I think the thing that should be emphasized is that it is about VALUE not just getting the cheapest POS on the market.


    The most expensive place will probably never be the best value, but I’d guess the cheapest one usually isn’t either. However I’d guess most of the time that best value is in the bottom 5-10% pricewise.


    Definitely consider a fixer, but you can also ask around and/or approach someone who may be interested in selling there home that is not currently on the market.



    Great guide Brandon. Thanks for the links to other articles for REO’s and Foreclosures.



    Great list. When I’m in the market to buy I’ll have to revisit this article.


    Agree with your all points , cheap homes are really hard to find .


    By this post many people can know the technique how to find the cheapest home.


    Thanks for this valuable share!


    Well, I wish i had found this article some days ago. As Me and my husband searching for the cheap apartment and we finally got a house but it is so expensive. Hope it works out for us in future.


    These are really great ideas of how to find an inexpensive house. I like the tip about setting an alert so when I’m looking for a certain house comes up I will know about it. That way I don’t have to spend a lot of time on the web looking for the right house.


    It’s interesting that you should look for houses that are for sale by the owner. When we were looking at houses, we looked for ones sold by an agent because we thought it would be better for us. It’s good to know now that we are helping our friends find some.


    I like your fifth tip about where to find cheap housing. It makes sense why real estate gets cheaper the further you are from the city. I’m hoping for something at the most 45 minutes away from the city and 10 minutes or so from grocery shopping.


    I want to start a family but need to buy a house first. I had never considered getting a fixer-upper that has easy to remedy problems. Often fixer upper houses are great because your can tailor them to your own taste. It would also be smart to make sure that if you get a house that needs to be fixed that you get one that is fully within your budget so that you don\’t end up too far into debt.


    Thanks for these useful tips. I like that you suggest to look for houses outside the main metropolitan areas. I agree that homes tend to be cheaper outside the city. However, you thing to keep in mind is that you will have to spend money on travel if you work in the city. I think you’ll have to measure the pros and cons to decide what’s best for you.


    I really love your comment about looking at lots of houses when trying to find a cheap house. Your comment about “cheap is relative” makes a lot of sense, and even a more expensive home might be “cheap” when you figure what you’re getting for your money. I would also think that having a good real estate agent would help considerably in trying to find a cheap home, as they probably have a lot more contacts than the average person.


    Who wants to spend more than they have to on a house? I really like what this article said about looking at a lot of houses for sale to get an idea of what your local housing market is like. I am definitely going to implement these tips so thanks for posting!


    These are such great tips for someone like me who is buying a house for the first time. You made a good point when you said that it’s good to try looking in the suburbs outside of big cities. That is something I haven’t thought to try, so far, but I think it’s a good idea since the cost of living is less outside of cities. Not only that, a lot of rural or suburban communities have all of the businesses and services you need really close by so you don’t have to search far.


    I think it is always a good idea to look outside of the city. I might even like getting a house in the middle of nowhere. It means having a bigger yard. The only concern here is making sure the commute to work and stores is manageable.


    I was thinking about buying a cheap mobile home the seller needs moved. Move it to a cheap piece of property fix up a little and sell. I figure I can do all this for around $40,000. The market in my area for something like this is 80-$100,000. Good idea or bad idea for a first investment property to get started? Thoughts?


    That’s a good tip to sort potential buys by price. That way you’ll immediately know what’s in your range. I think I’ll try that when I move out of state for work.


    I really like your tip about looking outside the city when it comes to finding a home for sale. My husband and I have been thinking about buying our first home for a while now and we would love to find something for a decent price. We will have to keep these tips in mind for our search to help with the process, thank you for sharing!


    Because there are so many online websites it makes it a lot easier to find houses that are within your budget. Like you said, it is good to sort by price and look at a lot of different houses. I think that it would be a good idea to lower it down to ten potential houses before looking in person. Once you have the ten houses you are interested in, you should go and visit them to narrow it down more. After that, it will be easy to make offers on the ones that you like the best.



    If I could give a word of advice to starting investors, it is this: Always come up with your maximum allowable offer before you start any negotiation! Leave plenty of room to allow for some back and forth. Also, don’t aim to get the house for your MAO. The goal is always to get the house at the cheapest price possible without losing the deal for being too greedy. Like all in life, it is a balance; use common sense. Also remember, not all deals are home runs. Don’t worry if you didn’t make a fortune on your first house. Your negotiation skills with every property you buy. Keep your eyes open, there are cheap houses all around us. When you know where to look, the competition disappears.


    I loved how you said that the more houses you look at, the more chances you have of finding a great deal. We are planning on entering the market for a house in a few months and want to make sure we know all there is to know so we can land a great deal. It is important to remember that hiring a real estate agent can help you make sure you get the best prices and find the best properties based on the market.


    All ideas here are good food for thought . One thing I would add is once you narrow it down, always get a home inspection done! There are so many things that can be wrong with property, It may shine as far as looks and with the excitement of purchasing it You buy on impulse .Always need to take in account the cost of hidden repairs . Like plumbing electrical issues which look fine ,but are not .Always get inspection. as an inspector I say beware


    My husband and I are checking the real estate market for properties for sale that we can invest in. Of course, we want the best deals as much as possible; inexpensive properties for sale. In this article, you provided great tips on how we can find those cheap houses by strongly negotiating. Much appreciated!


    I liked that you said that by looking at a lot of houses, I will be able to better sort out the good from the bad and train my mind to find great deals. My husband and I have decided to stop renting and buy our own house, and we are kind of on a budget. We will make sure to get a good grasp on our local real estate market by attending as many open houses as possible, and maybe soon we will find our perfect house or apartment!


    I liked that you mentioned the 100-10-1 strategy when trying to purchase a home which basically means to look at 100 houses, offer 10, then just purchase 1. That’s quite a smart move to do since you’ll have choices available to you. I’ll try to do that since I’m planning to move from my old home due to some circumstances. Thanks for the great tips on how to find cheap houses on the market!


    Cheaper houses gives you a bigger responsibility. Like safety, the durability of house and also the place where it built. So, think twice before investing to a cheap houses.


    Work less. Earn more. Real estate agents earn referral fees at Referz.com.