A lot of people ask us how to find investment properties in Aurora or the surrounding areas. Most of them think they are going to go to a Realtor and that Realtor will provide fantastic investment properties to buy. However, about 99 percent of Realtors do not know enough about investment properties to help you make a rational decision. You need to find an expert in the field that owns and manages investment properties.
At Kirch Property Management, we often have sellers walk in the door because they know we specialize in these types of properties, and they want to offer us deals. We are one source that can help you find the opportunities you want, and sometimes they’re pre-MLS.
Another way to find properties is by going to sheriff sales. You can buy foreclosures. People also don’t realize that at sheriff sales, sometimes you can work the room and find the people who are buying the properties. They can wholesale those properties to you. So at a sheriff’s sale, you can be successful without even buying a property.
Networking with investors is another good option. Real estate investment clubs are all over the place and when this network knows you are looking to buy, they will give you wholesale deals. Look for wholesale sellers on the Internet as well. Some buyers get deals and flip the properties right away.
Look for educational opportunities as well. We belong to a group of over 400 investors and we teach real estate investing. Go to classes and join a group like this so you can put together a great network. We usually get one or two deals a week from our group.
When you’re looking for investment properties, you really need to think outside the box. Going directly to a Realtor isn’t always the best answer. Do some networking, take a class and join the groups of investors who know the industry.
You’ll see there are multiple ways of finding and buying investment properties. If you’d like some additional help, please contact us at Kirch Property Management.