what is the best way to purchase investment property at a significant discount to actual market value?
Hi Luke, This is no easy question! There are many ways to purchase a property at a lower than market value price. Typically people think of foreclosures and shortsales, but as a buyer, you do pay for the discount in a way because of the time it takes and the lack of disclosure. Finding an out-of-state owner/investor who just wants to get rid of the property may be another. You’ll get a good deal if you find the right circumstances. Purchasing an investment property is tricky IF there’s already a renter as it wasn’t you who reviewed the qualifications of the renter. So for example, even if you purchase an investment property at a discount, if problems arise and you have to evict, then it’ll probably cost you more than any discount you’ve taken. Of course, you still run this risk even if it was you who obtained the renter, but hopefully you did a good job finding the right renter. I’m not sure what type of an investor you are, whether you’re just starting out or you’ve been doing this aw
