Real Estate Guru and International Speaker Marc Hrisko Shares: 3 Ways to Find Bargain Priced Properties in Today's Market

    MIAMI BEACH, FL, June 03, 2012 /24-7PressRelease/ -- The first step of course is to buy it right- meaning at the right price. No matter if you are looking to buy and rent it out, rehab it or quick turn it, what matters most is at how much of a bargain you are getting it for in the first place.

Many are looking to get into the game but cannot decide which way to go about it.

There are actually several ways of finding those bargain properties. Instead of wondering which way is right for you and analyzing and overanalyzing for a few months, "playing with the possibilities", why not pick three and give those a go?

If none of these are for you then well, at least you eliminated those and can move on to the next batch. This is a great way of finding a strategy that fits your personality and resources.

Here are 3 ways to try on -The right way!

1. Signs - Simple does it
It might seem simple but it works. Who will call, you might ask? You'll be surprised: Many. Granted it takes quite a few signs to make that phone ring on a regular basis, but it will if you do it right.

Here's the how:
Chose a sign in the vicinity of 18"X24", which is small enough not to be on the radar of code enforcement, yet big enough to be read from a driving car.

Make it short and snappy. You can give details later once that phone rings.

I Buy Houses with your phone number is information enough.

You will need about 20-25 signs in the area you want to do buy in for it to have a significant effect. One little sign on the corner is not likely to have much impact.

Even signs are a numbers game.

Use a phone number not website. A Website might be put off visiting until they get in front of a computer and " have a moment". A phone number might propel them to make time for that moment NOW.

2. Taking a second Look
Properties that have been on the market for quite a while and have been lowered, lowered a little more and then dropped just a couple of notches below that.

Here's your tell tell sign. This is not going well for the seller and they clearly want to get this of their hands. This is where you come in--with a LOW offer.

Maybe it's a little too low but if they are taking the time to negotiate you are at in the game...A house that has not been on the market long might still have hopes of getting something close to the asking price to actually negotiate down to a price that would equal a bargain for you.

3. Auctions - Have a Plan
Auctions are a great way to find bargain properties.

However one problem with auctions is that they are competitive.

Ask a real estate agent to point you to not well-publicized auctions to lower that competition factor.

In order to navigate effectively, set yourself a limit of what you are willing to pay for a particular property in the catalog. (Catalogs with the property details and viewing dates are usually available a month prior to the auction.)

Also make sure to research any existing liens on the properties or repairs you should factor in for your offer limit.

While you're there make sure to make yourself known to "people in the game" and forge relationships that might bring you opportunities before they go on to the auctions!

Business cards are cheap, but a good deal found before anyone else knows about it can make you a bundle!

Marc Hrisko is the author of The Kangaroo Millionaire and an internationally acclaimed speaker for Robert Kiyosaki's Rich Dad Poor Dad and Dean Graziosi's seminars.

For more information about Marc please visit www.marchrisko.com.

To book Marc to come speak to your organization please contact:

Verena Wagner
Cell: (305) 323-1615
Email: [email protected]
www.vivapublicrelations.com

# # #