Adding investment properties to your portfolio is a wise choice for diversification, or even your primary investment vehicle. While it pays to diversify, you don’t want to spend too much or put your money into an asset that isn’t right for you. Many investors look for deals in Atlanta real estate, and we’re here to help you. This article discusses different types of deals. Reach out to our team to learn more about how Cash Home Crew can help you reach your real estate goals.
Look for Bank Owned Properties
Properties owned by the bank can often be picked up for far less than market value. Search foreclosures and short sales to find a property that can have equity at closing. When buying bank-owned properties, be careful. If an owner hasn’t been able to pay the mortgage, it is likely they haven’t kept up with regular maintenance either. While you should expect some work when buying a foreclosure, you don’t want to have to struggle with extensive repairs. With bank owned properties, most often you cannot view a property closely before purchasing. It’s important to have an eye for potentially expensive repairs when you’re driving by the property. The exterior tells the interior’s story.
Drive for Dollars
By far this is the most labor-intensive way to find deals, BUT it’s very effective. Many new investors begin with this strategy. Simply get in your car, drive a few neighborhoods in your area, and make a list of 20+ homes that look vacant, rundown, or forgotten. Then go back home, do your research, and reach out to the owners of the properties. If you can’t reach by phone, mail a letter. While it is all public information, you don’t want to get off on the wrong foot by making the homeowner feel as if you have violated their privacy. Be sure to choose your wording carefully so that you can make the best impression possible.
Get the Word Out
Here’s a novel idea…tell people you’re looking for property. Tell your friends, coworkers, and even your barista. Word of mouth can be THE MOST valuable asset for investment buyers in Atlanta. When people know you are looking for investment deals, they will think of you when one arises. Don’t be afraid to let everyone know that you are actively looking for deals on investment properties in Atlanta!
Talk to Your Agent
Agents often have the inside scoop on properties before they hit the market. If you are looking for deals on Atlanta investment properties, be sure to check in with your agent to see if they are aware of any discounted properties. Many agents are focused on the end buyer and don’t focus on the unique needs an investor may have. Cash Home Crew can put you in touch with an investor-friendly real estate agent right here in Atlanta! He or she can be your best ally!
Create a Direct Mail Campaign
To reach out-of-state, absentee owners, you can gather data and create a direct mail campaign. This is done by setting your criteria and ordering a list from a data provider. Lists can start at a couple of hundred dollars and go up from there. In some cases, phone numbers can be appended to your list for an additional fee. When it is time to create your mailers, postcards are often used in this situation as they are lower in price and the information isn’t obscured by an envelope. You can work with a mail house to facilitate your campaign or start on your own. Creating large, blanket campaigns will typically require the help of a professional. As with the driving for dollars method, you want to choose your wording carefully so as not to appear as if you are violating their privacy. Mail is one of the more expensive methods of finding deals.
Work With Cash Home Crew
When you work with us, you can skip the mailers, phone calls, and marketing. As professional real estate buyers, we help local investors find the best deals on Atlanta investment properties. We specialize in single family homes but come across opportunities in all sectors – commercial, industrial, multi-family, etc. We pride ourselves on helping investors find deals on properties throughout Georgia and would love the opportunity to help you too. Reach out to our team for more information and to get the fact about properties currently up for sale in the Atlanta area. We can help you find the best deals on investment properties! (770) 685-6570