How to find your next rental property to purchase…

Real Estate Websites

Websites like Zillow, Realtor.com, Redfin, and LoopNet allow you to search for rental properties for sale. These platforms often have filters that allow you to narrow down your search based on criteria such as location, price, number of units, etc.

Real Estate Agents

Track your income and expenses to identify areas where you can cut back and save more. Look for non-essential expenses that you can reduce or eliminate altogether. Apps like Mint or YNAB (You Need a Budget) can be helpful in managing your finances effectively.

Automate Your Savings

Working with a real estate agent who specializes in investment properties can be beneficial. They often have access to listings that may not be publicly available and can help you find properties that match your investment goals.

Auctions

Properties are sometimes sold at auctions, including foreclosure auctions and tax lien auctions. Websites like Auction.com list properties available for auction.

Networking

Networking with other real estate investors, property managers, and industry professionals can help you discover off-market deals or properties that haven’t been listed yet. Joining real estate investment groups or attending local real estate events can be valuable for networking opportunities.

Direct Marketing

You can directly market to property owners by sending out letters, postcards, or making phone calls expressing your interest in purchasing their rental property. This approach requires some effort and research to identify property owners and contact them.

Public Records

You can search public records, such as property tax records, to identify properties that are owned by landlords or investors. Websites like your local county assessor’s office or online property databases can provide this information.

Real Estate Wholesalers

Real estate wholesalers often find off-market deals and sell them to investors at a discounted price. You can connect with wholesalers through real estate networking events or online platforms.

Social Media and Online Forums

Joining real estate investment groups on social media platforms or forums like BiggerPockets can provide opportunities to learn about potential deals and connect with sellers or other investors.

Drive Around

Sometimes, properties for sale may not be actively marketed online. Driving around neighborhoods you’re interested in and looking for “For Sale” signs or properties that appear neglected can help you find potential investment opportunities.

Property Management Companies

Property management companies often handle rental properties for absentee owners. Contacting local property management companies and expressing your interest in purchasing rental properties could lead to potential leads.

By utilizing these methods and resources, you can find a variety of rental properties for sale and evaluate them based on your investment criteria and goals.