Instructions

Look for properties that are being sold at a deep discount. As a beginning real estate investor, you need to keep your investment as small as possible. Look for properties that are in need of repair or come from some other type of distressed situation. For example, if the house is very old and the owner needs to get rid of it, you might be able to get it for a large discount. If you find a property that is significantly undervalued, you can lower the amount of money that you have to put up because your down payment is based on your lender’s loan-to-value ratio.

Repair the property so it’s up to the standards of the market. If you purchased a property at a large discount, there is a good chance it will need some work. Hire a building inspector to help you identify areas of concern. Then hire a contractor to perform the work or do it yourself. You’ll need to get the property back to an attractive condition.

References

More Like This

Investing in Real Estate for Beginners

How to Get Money to Invest in Real Estate

How to Sell My House to a Family Member

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