Being able to quickly and effectively find fantastic (when I say fantastic, I mean PROFITABLE!) real estate deals is a key skill that YOU will need to develop if you are to become a successful investor.
This series of brief posts aims to give you the 7 fundamental steps that you need to master in order to consistently source great deals and earn fantastic profits.
I know you’re excited about getting started, so I’m not going to keep you in suspense – the 7 Steps are listed for you right here!
For those of you who need more detail, I will expand on each of the key steps over coming posts, providing examples and details that should get you up and running.
The 7 Steps to Finding Profitable Real Estate Deals
- Identify your end product
- Identify areas where your end product is in demand
- Identify the real estate agents that sold these properties and make contact
- Identify and contact any real estate agents that currently have newish dwellings that are currently for sale in the area are similar to your end product
- Run reverse feasibility analysis on current listings or recent sales to determine the key numbers in the deal for you
- Begin your search for sites in the areas identified where the reverse feasibility numbers work
- Submit offers!
So there you have it – not too daunting is it? I am sure you would agree that anyone (yes, even YOU!) could master those simple steps. The real question will be “how important is it to you?”.
I love hearing about your success, so if anything on this site has helped you on your investing journey, or if you have questions, comments or feedback, please leave a comment!