A successful dealer or a real estate investor solves other people's problems; this is how a real estate investor becomes successful. The more experience and knowledge you have the better solutions you can provide. It is always good to have large number of contacts and resources; it helps you to get better deals in real estate market. Today there are lot of competition and one need to understand marketing. This means that you need to understand in which area you will specialize in. You can choose from wide range of options like vacations, apartments - residential duplex, triples and single family homes, commercial properties such as restaurants, motels, hotels, stores, malls, office complexes, parking lots, storage units, hospitals, schools and theatres. Taking up farms and industries is equally good now days; you can even choose factories and manufacturing plants.
Here are some ways where you can actually get great deals. Always look at local newspapers, small independent publications and bulletin boards. Try to get the first copies from the press. You also need to look at the legal section of the papers. Try contacting heirs and attorney's. Look for garage sales, because about 20 percent of the people who have garage sales will soon move. Remember your success increases when you look at properties in large area of population. Check for vacant houses which are run down, abandoned and damaged by fire. You may talk to the neighbors and gather some information who owned the property. Do watch out for foreclosure auctions and tax sales.
You can post fliers in Laundromats, shopping malls, public bulletin boards, churches and wherever large numbers of people gather. Try mentioning attractive offers like 'I pay you $400 if I buy a house that you told me' and don't forget to mention your contact details. Instead of fliers, you can print this on business cards and leave it in public places. As your business grows, you might end up using radio, T.V, billboards and even bumper stickers! Try to contact someone from the electric, gas or water company, they are the one who close the utility meters and they know the places which are now vacant. Don't ignore the local elders; they are considered as helpful informants as they know lot of information about the community. Try attending seminars on real estate investments, this will provide useful information and tips. Last but not least, use the internet search engine.
