Where The Income Investment Property Deals Are Now

Government Real Estate Resource State Index

To use the State menu above and below.

State resources for real estate acquisition & management:

• Investment real estate focus of State resources.
• Real estate market indicators for each state
• Real estate statistics - by the digits
• State information for real estate & professional licensing
• State resource information for property tax
• State law for real property acquisition and sale
• State landlord / tenant codes, laws, and resources
• Multi family rental real estate for sale by the State government
• Federal government investment property for sale

Come back to this section often, we update it regularly.

Where The Income Investment Property Deals Are Now. Where are the single and multi-family rental property deals for income seeking investors?

Financing for real estate deals is plentiful, and the market continues to march upwards. Yet, the strengths of the market are also making it appear to be harder to find deal flow and appetizing acquisitions.

So is inventory really as tight as some media outlets make out? How much opportunity is out there? Where are the deals if there are any?

Quarter of a Trillion in Distressed US Real Estate Up for Grabs

Many of the most intense recent bidding wars for income property haven’t even been over distressed deals. The demand for yield is so high, and capital so plentiful that hundreds of qualified bidders have been vying for deals selling for close to $100M.

Some hot markets like Denver, Colorado are reporting inventory levels of less than 2 months’ as of September 2014. However, whether some choose to shrug off the data or not, the fact is that there are billions of dollars in off market deals all over the US.

A September 10th, 2014 newsletter from DistressedPro.com declares that there are still over a quarter million dollars of nonperforming notes and REOs on the books of US banks, credit unions, and asset managers.

As we rolled into the second half of 2014 data compiler RealtyTrac reported 1 in every 74 housing units in FL was still in some phase of the default and foreclosure process. The latest data suggests there are still close to 18M vacant homes in the US, many of which are foreclosures. Regions like SW FL, Detroit, and Las Vegas, are still dealing with entire swathes of ghost town like neighborhoods. As of Sept. 2014 several New York cities and town still reported dealing with 2,000 plus zombie foreclosures (each), which they intend to demolish.

This is all in addition to a surge in new single and multi-family apartment building construction which is slowly trying to build up and catch up with demand.

The Big Question: How to Find and Takedown these Deals

• Automate marketing to direct sellers and homeowners
• Use software like BankProspector to get in the back door and access inventory and decision makers at banks and credit unions
• Leverage other investors for wholesale property deals in your area
• Develop municipal government contacts and provide a solution for dealing with property blight and zombie foreclosures
• Get smaller. Use new blanket mortgage loans and apartment building loans to snipe smaller multifamily deals which aren’t on the radar of big institutional funds