No doubt there are a lot of new and seasoned investors looking to get started in real estate investing or add to their portfolio. As an active real estate broker in Roseburg Oregon, I get asked frequently about how to find good investment property in Roseburg.
When there just aren’t enough foreclosure deals out there, you need to get more creative to find the best deals on great local Roseburg investment properties. And in competitive seller’s markets, it can cause further challenges.
I source my leads and potential properties from a variety of marketing routes both online and offline, including networking… so there is no one way that is the best way to find good investment properties in Roseburg.
But the info below walks you through some ways you can put into action to find great properties to add to your investment portfolio.
If you’re feeling a little timid about the level of competition, don’t be because you’re not alone. Most investors I have worked with are afraid of competition, even though they might not admit it.
They tend to shy away from competition or stop looking when the competition heats up. Or they get tight-lipped about what’s working, thinking that if they share their secrets, someone will steal ideas and deals from them.
That’s not how I work. Sure I invest myself but I work with a handful of investors who also buy and sell investments. Networking together with other investors can be mutually beneficial. For example, I might pass a deal on to another investor when the timing isn’t right for me.
This can happen from time to time, and having a network of investors can really keep the deals flowing, and it works both ways. this is one good way to find good investment property in Roseburg. Social media groups might be a good place to start.
I like to share my real estate investing learning and reasoning here because I have a passion for investing in real estate. I love taking an old outdated house and making it shine like new, and it’s a great feeling to help improve the quality of investment in Roseburg.
I believe that when done correctly, investors help to build stronger communities as well. Ultimately, we’re all investing in the same places, so it makes sense to do it right.
How to Find Good Investment Property in Roseburg
There are a few core principles that are important to understanding if you want to get the best investment property deals.
First, think long-term.
Real estate doesn’t move like the stock market. It’s where people live, work, and play – not just numbers on a screen. With the exception of flips and wholesaling, it’s difficult to make a huge amount of cash in a short-term real estate deal.
So don’t expect to get away with fancy tricks you heard about on YouTube or the strategy you learned from that motivational seminar. In my experience, humility and being genuine goes a long way.
Thining you’re smarter than the people who have been doing this stuff for years or smarter than the homeowner selling is a big mistake. Thinking long-term means learning from the past to better anticipate the future.
It also means that if you don’t find the local investment properties you’re looking for right away… just know that this isn’t a sprint… it’s more of a marathon.
That’s why it’s a great idea to find several sources of properties that fit your criteria (like our Roseburg Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
Second, focus on relationships.
The investment community in Roseburg is much smaller than most people think. In reality, there are only a handful of brokers and investors who do most of the business in our market.
They’re used to working with the same people on a regular basis. It’s worth the time and effort to find them and learn from them. If you can, work with them. They’re your best source of good deals, now 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.
Learning how to find a good investment property in Roseburg isn’t a hard thing… 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 Roseburg Oregon market.
Who should you get to know?
- A few of the top investment friendly real estate brokers in Roseburg
- A couple of real estate appraisers who deal w/ the types of properties you deal with
- The top handful of property wholesalers in the area
- The top handful of property rehabbers/flippers in the area
- Title agents that deal with investment properties a lot
Third, identify your target investments.
Investment is like many other aspects of life – 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. If you take the time to do your homework, you can analyze the different segments of the market to see which opportunities are truly the best for you – and not just the best marketed.
Once you find exactly what you want to own, you can create a plan to find out who owns it and make sure that they know to call you when they want to sell that property.
This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.
Finally – use technology.
Sign up for our list of exclusive properties, and we’ll notify you instantly when we find a great investment.
We frequently source properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing, and able to invest. There are other ways to get notified about properties on the open market – you should get familiar with searching the multiple listing services with the rest of the herd because every once in a blue moon a great deal shows up.
We don’t deal with average deals – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Roseburg.
If you’re looking to seriously invest in Roseburg, we’d love to chat with you to learn about your wants, wishes, and objectives.
So hopefully you now know how to find great investment properties in Roseburg. If you have questions give us a call or join our buyer’s list below!