ByΒ Alex Romanov
Lots of investors are looking to get started, and as activeΒ real estate experts in Tacoma Washington, we get asked to share our secrets quite a bit.
Fortunately, we love to share π
One of the biggest questions we get from local investors is βΒ How to find good investment property in Tacoma Washington?β
With the flood of foreclosure deals all but dried up (compared to where they were a few years back)β¦ people are having to get more creative in finding the best deals on great localΒ Tacoma investment properties.
We source our properties from a variety of marketing routes⦠online, offline, etc⦠so there is no one way that is the best way to find good investment properties in Tacoma.
But the info below walks you through some ways you can put to action to find great properties to add to your investment portfolio.
Thatβs not how we work. We work with other investors to accomplish things together that we canβt do alone.
We share our learning and our philosophies here because we want to improve the quality of investment in Tacoma to build stronger communities. Ultimately, weβre all investing in the same places, so it makes sense to do it right.
Thereβs a few core principles that are important to understand if you want to get theΒ best investment property deals.
Real estate doesnβt move like the stock market. Itβs whereΒ people live, work and play β not just numbers on a screen. Itβs almost impossible to make a huge amount of cash in a short-term real estate deal, those come few and far between.
So donβt expect to get away with fancy tricks, or that youβre smarter than the peopleΒ who have been doing this stuff for years. Thinking long-term means learning from the past to better anticipate the future.
It also means that if you donβt find theΒ local investment propertiesΒ youβre looking for right awayβ¦ just know that this isnβt a sprintβ¦ itβs a marathon.
Thatβs why itβs a great idea to find several sources of properties that fit your criteria (likeΒ our Tacoma Investment Property Buyers List >>Β ) so you have a heavier flow of great deals to look at.
The investment community in Tacoma is muchΒ smaller than most people think.
There are only a handful of brokers and investors who conduct most of the business in the market.
Theyβre used to working with theΒ same people on a regular basis. Itβs worth the time and effort to find them and learnΒ from them. If you can, work with them. Theyβre your best source of good deals, nowΒ and in the future.
How do you get to know them? Go to your local REIA and find the people who are active and talk to them. Ask them which real estate agents they use, what wholesalers in the area are active (and get their info) and let everyone you can find know that you are looking for investment properties that fit your criteria. Β Learning how to find good investment property in Tacoma isnβt hard thingβ¦ but relationships can be a key element in getting some of the best deals on properties that no one else has access to in the Tacoma Washington market.
Who should you get to know?
Investment is like many other aspects of life β the people who are the most focused often succeed the most. You have to find your niche. Some people make millions just in parking garages or storage units.
Others specialize in residential apartments, while others deal strictly with retail. IfΒ you take the time to do your homework, you can analyze the different segments ofΒ the market to see which opportunities are truly the best for you β and not just theΒ best marketed. Once you find exactly what you want to own, you can create a planΒ to find out who owns it and make sure that they know to call you when they wantΒ to sell that property.
This takes a lot of work, but itβs a tried-and-true method forΒ creating long-term wealth.
Sign up for our list of exclusive properties, and weβllΒ notify you instantly when we find a great investment.
We frequently sourceΒ properties for deep discounts, secure them and then sell them for a discounted rateΒ to the people on our list who are ready, willing and able to invest. Thereβs otherΒ ways to get notified about properties on the open market β you should get familiarΒ with searching the multiple listing service with the rest of the herd, because everyΒ once in a blue moon a great deal shows up.
We donβt deal with average deals β we only pass along great deals to our partnerΒ investors. Weβre not real estate brokers, and our business is a niche within Tacoma.
If youβre looking to seriously invest in Tacoma,Β weβd love to chat with you to learn yourΒ wants, wishes and objectives.
So hopefully you now know how to find great investment properties in Tacoma. If you have questions give us a call or join our buyers list below!
Give us a callΒ 206-231-5864Β orΒ fill out the form to get started now.
Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.
We buy houses in ANY CONDITION. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property…
12918 Mukilteo Speedway C23 #105
Lynnwood, WA 98087
206-681-2784
acquisitions@iwillbuyhouse.com
We are a local real estate solutions and investment business that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.
Simply Call Us 206-681-2784 Or Fill in The Form Below For Your No Obligation βAs-Isβ Cash Offer!