Quite a few investors in Savannah GA are looking to get started and we are often asked to share our secrets.
We love to share!
One of the biggest questions we get from local investors is ” How to find a good investment property in Savannah GA?“
Seeing as how the foreclosure market has almost dried up (compared to a few years ago)…people are having to get creative in finding the best deals on great local Savannah investment properties.
We source our properties from a variety of marketing routes… online, offline, etc… so there is no one way that is the best way to find good investment properties in Savannah.
But the info below walks you through some ways you can put into action to find great properties to add to your investment portfolio.
Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.
That’s not how we work. We work with other investors to accomplish things together that we can’t do alone.
We share our learning and our philosophies here because we want to improve the quality of investment in Savannah to build stronger communities. Ultimately, we’re all investing in the same places, so it makes sense to do it right.
How to Find Good Investment Property in Savannah
There are a few core principles that are important to understanding if you want to get the best investment property deals.
Think Long Term
Real estate doesn’t move like fluctions in the stock market. These are places where people live, work and play – not just numbers on a board. It’s few and far between that someone makes a huge amount of cash in a short-term real estate deal.
Smarts won’t get you ahead on people who have been doing this stuff for years and there are no fancy tricks to ‘beat them at their own game’. What we mean by ‘Think Long Term’ means learn from the past to better anticipate the future.
It also means that if you aren’t able to locate the local investment properties that you’re looking for right away, you should know that this isn’t a sprint, but a marathon.
That’s why it’s a great idea to find multiple sources of properties that fit your criteria (like our Savannah Investment Property Buyers List ) so you have a heavier flow of great deals to look at.
Focus on Relationships
It’s a small world in the investment community in Savannah.
Only a handful of brokers and investors who conduct most of the business in the market.
They’re used to working with the same people on a fairly regular basis. Finding them and learning from them is worth the time and effort. You should try to work with them. They’re your best source for good deals, now and in the future.
What is the best way to get to know them? Visit your local REIA and find the folks who are active and start talking to them. Ask which real estate agents they use, what wholesalers in the area are active (and get their info) and let everyone you can find know that you are looking for investment properties that fit your criteria. Learning how to find a good investment property in Savannah isn’t difficult but relationships can be key to getting some of the best deals on properties that no one else has access to in the Savannah GA market.
Who should you get to know?
- A few of the top investment friendly real estate brokers in Savannah
- A couple real estate appraisers who deal w/ the types of properties you deal with
- The top handful of property wholesalers in the area
- The top handful of property rehabbers/flippers in the area
- Title agents that deal with investment properties a lot
Identify your Target Investments
As with many other aspects of life, people who are most focused are often the most successful, the same is true for investment. You have to find your niche. Some people make focus just on parking garages or storage units!
There are also companies that specialize in residential apartment buildings, as well as companies dealing solely in retail. When you put in the time to learn more about the different segments of the market, you can identify the opportunities that are truly the best for you, not only the most lucrative. Once you determine exactly what you want to buy, you can devise a strategy to find who owns it and ensure that they call you for a sale when they are ready.
This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.
Take Advantage of Technology
Sign up for free to our list of exclusive properties, and we’ll notify you instantly when we find a great investment opportunity.
Our company sources properties at deep discounts, secures them, and then sells them to investors who are ready, willing, and able to invest. In addition to getting notified about properties on the market, you should search the multiple listing services with the rest of the herd, since once in a blue moon, a great deal pops up.
Investing with us isn’t about average deals – we pass along great deals to our partners. We’re a niche business in Savannah and we’re not real estate brokers.
If you’re seriously seeking to invest in Savannah, we’d love to chat with you to learn your investment objectives and goals.
So now you know how to find great investment properties in Savannah. If you have questions give us a call or join our buyer’s list below!