https://9jarealestate.com Abandoned-Houses are one of, if not the most overlooked, yet profitable niches in residential real estate investing. These days, people are abandoning their houses at record pace. Some have no equity, some have ton’s of equity. Regardless, the first step (and most challenging step) to making a great deal out of an abandoned-house or abandoned-Houses is to locate the seller. Once you find the seller, they are typically ready and willing to just GIVE you the house…but the trick is finding them!

There’s several ways you can find them, none of which are the courthouse. The problem with the courthouse, as it sounds like you’re realizing, is it’s time consuming and time is your most important asset. Probably the biggest challenge new investors have is learning how to use their time wisely. Here’s a tip that’s been worth it’s weight in gold to me over the years: As your business progresses, learn how to do things once, then put them into a system so you can have someone else do it for you. This allows you to focus on the big things, i.e. making sure deals close.

Every little thing you do should be put into a system. For example, researching to find owners of abandoned houses.

There’s other tricks you can use, too, but this should at least get you started. If all else fails, put a FOR SALE sign in the yard of the abandoned house. This will do 2 things:

1) If the owner is nearby or keeps in contact with neighbors, you can expect a call from them. This is a perfect way to find the seller and begin negotiations.

2) If the owner doesn’t call, use the calls to build your buyers list.

There’s lots of other tricks for buying Abandoned-Houses like this one, but the “takeaway” here should be systemize your efforts and then have someone else do these steps for you, while you focus on closing more deals.

Also before buying Abandoned-Houses, you must examine the location of the property. If the property is at a good location you are good to go and once the property is purchased, renovate it to a good standard then use it as a rental property.

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