LoopNet.com
LoopNet allows you to search for commercial properties for sale and for rent. It has a wide inventory of investment properties and valuable features for real estate investors.
You can search for sales comparables in a targeted area and obtain a list of comparables for that area. This can help you get an idea of the potential value of an investment property.
Another useful feature is the ability to search property records in a targeted area. You can search by type of investment property, owner information, tenant information, or tax information. You can also narrow your results to show listings for sale before foreclosure proceedings or REO/bank-owned properties, which are considered great deals for real estate investors because they can be bought at significant discounts.
You can also inquire about the local information section. This feature provides local real estate market trends for a number of cities across the country.
To use many of LoopNet’s features, you must become a member, but membership is free. There is a paid option that gives you greater access to the database.
Auction.com
As the name suggests, Auction.com is a site focused on real estate auctions. They sell all types of properties including rented, bank-owned, short sales, commercial properties, luxury properties, new properties, and land. These auctions are conducted online, in courthouses, or in large live auctions.
You can easily browse auctions by region or property type you are interested in. When entering your search criteria, Auction.com will provide you with a list of results, along with opening bids on each property and the type of auction the property is involved in.
The site has an auction calendar that displays all upcoming auctions along with the number of assets to be sold and the type of asset (bank-owned, foreclosure, land, etc.) and the type of auction (online or in-person). There are also guides that outline the correct steps to start bidding in auctions. The first step in the process is to create a free account.
Craigslist.com
Craigslist is a relatively simple way to find properties. You go to the area of the country you are interested in finding property, then to the “Real Estate for Sale” section to see if there’s anything that interests you. You can type in search keywords like “foreclosures” or “short sales” to try to narrow down your search, and you can also type in a minimum and maximum price range. You can find some great deals listed by owners themselves as well as distressed properties listed with real estate agents.
Realtor.com
Realtor.com is the official site of the National Association of Realtors. You can search millions of listings, aggregated from nearly 800 MLS databases across the country. It also allows you the option to search specifically for foreclosures.
Another nice feature of Realtor.com is the property valuation tool. It allows you to enter a street address or zip code, and it will return the estimated values of homes in that area. You will need to provide an email address and phone number to receive the report.
You can also subscribe to Realtor.com’s “SearchAssist.” This service provides updated listings based on your search criteria, with results delivered to your inbox when they hit the market. Realtor.com offers financing tools and related news, real estate statistics, tips, and guides.
Trulia.com
Trulia.com is an easy-to-use site. You can enter the location of the country for a basic search, or type in variables such as the type of property you are interested in, price, and foreclosure status for a more specific search.
You can see school statistics, crime statistics, similar properties, and average home values for any specific area you are looking for. Trulia also offers tips and real estate market trends.
RealtyTrac.com
The focus
The main focus of this site is distressed properties – although they pride themselves on having the largest selection of MLS listings, auctions, and bank-owned properties as well.
You can search for the latest listings of distressed properties nationwide, as well as learn about the basics of distressed real estate. RealtyTrac has abundant information on everything from how to buy distressed properties to the latest news and statistics about distressed real estate.
PropertyShark.com
PropertyShark.com focuses on providing property records, but you will need to create a free account to access the information. Property records are useful guides when evaluating investment properties as they contain information such as the name and address of the owner, estimated taxes, area, and purchase date of the property.
PropertyShark allows you to search for residential or commercial properties for sale and view detailed information about the neighborhood and any similar properties. This includes recent sales data, social distribution, and even the height of surrounding buildings. The site also features comprehensive distressed property listings, including important information about the property such as the amount of any mortgages on the property and when and where the property is being sold.
FAQs
Can you buy a house with an investor?
Yes, you can buy a house with an investor if you can find the right person to work with. You and the investor must come to an agreement regarding the property price, the investment each party will put in, and how to split the return on investment.
Is an investment property worth it?
Whether investment properties will be worth it to you will depend on what they cost you in time, money, and effort compared to the income or profit you will achieve from the purchase. If you are buying a property to rent it out, you should be prepared for the responsibilities of being a property owner. If you are buying a property to resell it, you will need to coordinate and pay for repairs and improvements, in addition to the costs of buying and selling the property.
How do you find investors to buy properties?
Are you looking for a partner (or partners) who are actively involved? Or are you looking for someone to back the investment with capital? The type of real estate investor you are looking for will determine where you look. You can always start by networking with your friends, acquaintances, and colleagues to find people who are interested in real estate investment. To broaden your search, look into national real estate investor groups, where you are likely to find people actively looking for investment opportunities.
Source: https://www.thebalancemoney.com/websites-for-investment-property-for-sale-2124875
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