You have to find opportunity. (Photo:freeparking)
Good day fellow investors.
Did you know that many make-your-mouth water real estate deals aren’t found on the internet? They are found on your drive to work.
There are tens of thousands of real estate investors trolling the internet across Phoenix, Arizona and the nation. Many hope to find the next 30% below market value real estate investment deal that is going to take them from rags-to-riches.
Unfortunately, those “internet blue-light special” deals are few and far between. However, to make a living in real estate, you have to be a “hunter” and not a “gatherer.”
You can become a hunter by simply driving through neighborhoods and not always on the highways.
Today, my Director of Operations and I drove our Area of Expertise in Mesa, Arizona. We found four unlisted, unrepresented real estate opportunities.For example, we found a very distressed looking occupied property with a huge chunk missing off the front of the structure (tomorrow, I’m going to go back to the property and take a picture of it and post it here, that way you know what a distressed property looks like). This evening I am going to do some research on the parcels, print out my distress property letters, and schedule time to talk to the owners and the neighbors. Because I believe that birds of a feather flock together, and if my team can buy an entire block of single family homes and vacant lots already zoned for higher density and make a substantial profit, then good for us, correct?
No matter where you live, profitable real estate opportunities are all around. The only thing you have to do is drive down the street.
Happy Investing,
Kendall E. Matthews
Phoenix, Arizona Investment Real Estate