MAKE OFFERS! If you never take action, you will NEVER have a deal

There are so many steps to purchasing a investment property, but here are a few that you must do to move forward. Many individuals get stuck in the routine, and the “what if” stuff, and never seem to take action to make an offer. Let me break this down a bit- if the investment property is for sale- it is on the market. So the asking price is not what you’re looking for- MAKE AN OFFER. Let me add- create a intelligent offer. Look at the income, expenses, the localized market and the rest of the things that is important to you- thereby making a offer you can support with your data. I have noticed investment properties go under contract for 50% of the asking price. Sometimes investment property owners who are selling just want some action. Perhaps the investment property has been listed for a long time- and they have not had an offer in forever.

live example- today, there are 428 MHP’s that are listed on LoopNet which have been listed over a year. You will find 247 that have been listed over two years. There are 52 that are just listed in the wrong part of the MLS- I wonder just how much ‘action’ those investment properties are getting…

Step 1- Find a investment property to make an offer.
Step 2, Who knows? Perhaps the reason the investment property is not selling maybe there is is bad financing in that area- so they ‘solve’ you financing issue by doing an owner carry…

my point is- you might have zero idea of what your next step is until you ‘have a ball in play’. It takes a number of hits to make a home run…