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Tuesday, July 28, 2009

Ten Ways To Find Investment Beach Properties

By Hubert Miles

If you really want the best deals in investment beach properties, you have to increase your odds by finding more deals. Who is more likely to get a bargain beach property, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten:

1. Network. Talk to as many people as possible about your business. Let everyone you know that you buy beach properties. Offer referral fees for leads that result in the purchase of a beach property.

2. Use the internet. Go to a search engine and enter the type of beach properties you are looking for, along with the city you want to invest in. You never know what you might find.

3. Ride around your target neighborhoods searching for "For Sale By Owner" signs. In a slow economy, may owners can't afford to pay for a newspaper ad every week. You'll find more beach properties this way.

4. Look for abandoned beach properties. Is the lawn high? Does the house lack much need maintenance? These are clear signs that the owner doesn't want to deal with the beach property for some reason. He may be motivated to sell.

5. Locate faded "For Rent" signs. These landlords may be willing to sell due to property management issues, especially if they are having trouble renting the beach property.

6. Speak to local bankers. Local bankers might can provide you with a list of foreclosed and pre-foreclosure investment beach properties. You can buy it before they list it with a real estate agent.

7. Offer someone a finder's fee. There are people that always seem to hear about the good deals. Have such people coming to you.

8. Eviction notices. Does your local paper print eviction notices in the paper? Is this information available at the courthouse? The owners of these homes may be motivated to sell.

9. Old FSBO ads. If you call on two-month-old "For sale By Owner" ads, and they haven't sold, they may be ready to deal. Owners often give up the effort, but still would love to sell. Help them out!

10. Use the local news paper. By placing an ad in the paper the you are looking to buy beach properties, you may generate some calls from people who have become extremely motivated sellers. - 23212

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