NICHES THAT BRING YOU RICHES – PRE-NOTICE OF DEFAULT TAMERA ARAGON
1.
Vacant Land – Land that has not yet been developed
2.
Residential – Properties that contain four units or less
3.
Commercial – Properties that contain five units or more.
Motivated Sellers – The Key To Buying Properties That Profit!
The Big Question ….How do you get properties at a discount or at least at the lowest price?
Answer: Start by becoming educated in one or two niches… and then take the steps to do it!
According to the dictionary, a niche is a distinct segment of a market. So, where do you find this distinct
segment of the real estate market we call discounted properties?
The obvious place to obtain a discounted
property is to work with a motivated seller.
This is the owner who wants to close on the
sale of their property quickly and easily.
If
a seller is motivated they are willing to
provide you the discounts needed to provide
you a property where you can either sell
quickly for a profit (flip) or cash flow at a
profit (buy and hold).
So in what type of real estate niches are
you most apt to find discounted properties?
In this issue, and in following issues, I will
discuss several niches for finding motivated
sellers. Now, keep in mind, you don’t want
to be swayed to change your mind with
the introduction of each niche. If you have started on one niche that you know can bring you deals… that’s
great! Stick with it. However, it’s good to know all the options and perhaps after you find success with one
niche, add a second to it.
I have found that most successful investors become experts in one or two niches. Too many “wanna be”
investors get pulled from one niche to the next, never truly finding success anywhere. I suggest you evaluate
the niches I cover and pick the one that will bring the most opportunity in meeting your area market needs, your
personal circumstances and your goals. It’s important that you stay focused on doing one niche until you find
the success you set out to achieve… profits!
The first niche for your consideration is Pre-Notice of Defaults (Pre-NOD).