1. Be a carnivore
In other words sift through the “wreckage” of the market, the run down or overpriced inventory, to find a Seller who needs to sell. This could be an individual, or a builder who has a huge condo project with no buyers.
2. Go abroad
Remember this Summer, I wrote an article about buying property in Panama? Buying property overseas can yield the savvy investor a great deal. Be sure you buy in a place you love to visit, or a place where friends and family live. You wouldn’t want to buy property in an area, and leave it attended by someone you don’t really know. There is a new website that rounds up listings all over the world. That’s definitely worth taking a look at. Can you imagine owning property in North Africa? :)
3. Hedge Funds
A new company will lend you a portion of your home’s market price in cash in exchange for up to half of the future increased value of your home.
4. Ask A Pro
Nothing like getting advice from someone who lives, drinks, eats and breathes real estate! Look for a professional who works full-time on real estate related objectives. You’ll often find friendly, professional people who want to see you succeed.
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