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For those new to investment real estate markets, pulling the trigger on a new potential property can be difficult. It is important to strategize and form a plan for your investments. A thorough plan will provide you with the confidence and knowledge to execute an investment property acquisition. Discovering untapped or overlooked real estate markets can also provide opportunity for investments.

Gavin Welch is real estate agent based out of Lakeland, FL. He has years of experience  in finding investment properties as well as managing several of his own. Gavin discusses five helpful tips for scouting these off-market properties and how you can build a successful investment base in these properties.

Gavin can be reached at:

Phone: 863-670-0303

In addition to his own podcast The Real Estate Loop, you can also follow him on Twitter and Facebook.

1. Obtain evictions list from County Clerk
   1. Cross-reference names with Property Appraisers
   2. Notify landlord/owner of property interest with hand-written note in mail

2. Scout absentee owners
   1. Absentee owner lists may be purchased or compiled manually
   2. Often property is inherited or owner holds little interest

3. Build a strong referral base
   1. Word-of-mouth can be strongest marketing tool
   2. Networking, social circles, and family can all be sources of referral

    

4. Seek abandoned or neglected properties
   1. Burned-out or mold-ridden properties may offer high returns
   2. Ask public service workers (garbagemen, mail person) or neighbors for information on properties

5. Pull code violations from city code enforcement
   1. Owner may be eager to sell to cut losses or unable to continue costs of maintenance
   2. Code Enforcement Dept. may offer leniency with some violations if issues addressed

Book recommendation – Landlording on Auto-Pilot

Advice – Don’t get emotionally attached to the property you are buying or holding.

Learn what Gavin tells us about finding off market deals!