When you enter the field of property investing, as the video notes, you’ll need to choose tools that help find an appropriate property for sale. These tools, such as a buyer’s agent, go beyond the listings seen in Redfin or Zillow. Online property searches unveil land and homes for sale, but they do little to inform you of the details of the location of the property, such as schools in the area, street noise, and nearness to retail shops.
Investing in property differs from a single home purchase. Take a buy-and-hold attitude when purchasing property, and focus on finding land that will steadily gain value.
Consider the comparable land or homes recently sold in the area to determine if the seller set a fair asking price.
Do your own research on potential properties and locations with growth potential. Online tools like Google can help identify properties for sale in hot areas. Databases can help you find properties for sale, but a knowledgeable person who knows the area can tell you what you need to know.
Locate a real estate agent you can trust who knows the area well. This individual can act as your sounding board for property ideas and steer you toward the best property for sale in that area. Leveraging the right tools can make finding investment property easy.
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