There are a ton of investors interested in real estate. Our Company, High Peaks Capital, is a real estate company, and we’re asked for our opinions all the time! We have many tips and secrets that we’d love to share with you, so let’s jump right in!
We source our properties from a variety of marketing routes. The info below walks you through some ways you can put into action to find great properties to add to your investment portfolio.
We share our learning and our philosophies here because we want to improve the quality of investment in our community in order to build stronger communities. Ultimately, we’re all investing in the same places, so it makes sense to do it right.
One of the biggest questions we get from local investors is, “How do I find a good investment property?”. Considering there are loads of deals coming in left and right, it’s important to know how to be creative with finding the best deals.
There are few principles to understand when looking for the best investment property!
Here are a few of them:
Long Term Thinking. This means learning from the past to better anticipate the future! Thinking and planning ahead of time can put you ahead of the pack. Magic happens when preparation meets opportunities!
Focus on Relationships. There are only a handful of brokers and investors who conduct most of the business in the market. It’s worth the time and effort to find them and learn from them. They’re your best source of good deals, now and in the future.
Who should you get to know?
- A few of the top investment friendly real estate brokers
- Real estate appraisers who deal w/ the types of properties you deal with
- Wholesalers in the area
- Property rehabbers/flippers in the area
- Title agents that deal with investment properties a lot
Identifying Target Investments. This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth. Investment is like many other aspects of life – the people who are the most focused often succeed the most.
Technology. Get well acquainted with technology! In this day of age, technology is used to make life easier and save time! Knowing the right apps to download on your phone can be a key element in finding a good investment property!