Assalamu Alaikum (Peace be Upon You)
If you have participated in any of our calls, you know that one of the first steps to being successful as a no-interest real estate investor is to find a property to invest in. But many people aren’t sure how to get started. Fortunately, with the right information, it’s easy, and there are only three steps.
- Make a decision to find the right property
- Use Good Observation Skills
- Take Action
Make a Decision to Find the Right Property
Being successful in real estate means making a decision to do everything you can to achieve success. So, if you want to find your first property, you must make a decision to do what it takes to find that property. This may mean getting up early in the mornings to drive around neighborhoods or dedicating some time on the weekend to take the family with you in search of property. No matter what time you choose, stick with it. Also, you might not know exactly what to do when you find that first property, but that’s OK. You’ll learn by doing, so take that first step and start looking.
Use Good Observation Skills
You are looking for a property that is For Sale By Owner (FSBO), not a property that is being listed by a Realtor or Broker. You’ll want to keep your eye out for this kind of sign. But, you also have to use good observation skills to find properties that owners are likely ready to sell. These may be properties with tall grass, un-shoveled sidewalks, or piled up mail. If it looks like no one lives there and the property hasn’t been cared for, it could be your next big success. Use good observation skills to locate properties that look like they could use help from a problem solver like you!
Once you locate a property that looks like it could work — take action! Find the owner, either through internet research or by going to the neighbors and asking for more information. Call the owner and ask questions — why is the property vacant? Would he or she be interested in selling? What is wrong with the property?
Remember, it’s important to let the owner talk while you listen — you’ll find out good information that way, information that will allow you to be a better helper and to secure a better deal.
And that’s it! Locating your first interest-free property isn’t challenging, but it takes time and dedication. However, once you start, you will be on the road to financial freedom and success.
Once you find a property, please let me know by replying to this email. I would love to guide you through the next steps in purchasing your first interest-free property.
I wish you much success!
– Abdusallam Roussi