Identifying Good Deals in Real Estate (Part 1)
Posted in Tips by: SherillApril 2nd, 2008

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The key to having a successful real estate investment is to find and capitalize on good deals. This can be accomplished by looking for motivated sellers. These sellers usually need to dispose the property quickly and will most likely agree to sell for less. These are the type of sellers that might be motivated by job loss, bankruptcy, death, or divorce.
Also, you should focus your research in the entire area, and not just in a specific neighborhood. For example, if the properties in the area are selling for 50 dollars/sq foot, and you were able to find a 20 dollars/sq foot property, then that deal is worth looking into.