Single family home rentals have proven to be one of the most rewarding investment opportunities in the world of real estate. Many property investors have been able to accumulate wealth through this investment strategy and continue to make money and build wealth in this way. So, as a beginner real estate investor, don’t you think you deserve to know where and how to find a rental property of this kind?
Of course, you do!
Related: Investing in Single Family Homes: Why It’s a Must
In this article, I am going to guide you through the best ways to find single family real estate for investment purposes. These are the ways that guarantee success and positive cash flow. So, here’s how to browse the single family home rental market to find the best investment property:
1. Hiring a Real Estate Agent Is Always a Good Idea
The reason we say that hiring a real estate agent is a good idea is that they have the knowledge and expertise that you need. That’s what makes the commission fees worth it! This is especially true if you are a new single family real estate investor and fall short in the knowledge department. Moreover, buying a single family home for investment is not as easy as buying a home to live in. The process of purchasing an investment property requires precise calculations to make sure the property will be profitable. A real estate agent knows exactly what to search for and the criteria that make for the best real estate investments in the business.
2. Contacting Your Local Bank Might Help as Well
Contacting your local bank is one of the best ideas to find single family home rentals for investment. The thing is when a homeowner fails to repay his/her mortgage, the bank immediately takes action, and (most of the time) it leads to the bank taking over the property and selling it as a foreclosure. Other times, the owners will put it up for sale themselves as a short sale instead. Either way, you can find single family homes for sale below market value in this way.
Related: How to Buy Investment Properties: Short Sale vs. Foreclosure
3. Local Real Estate Offices Might Have Single Family Home Rental Listings
Going around your neighborhood looking for real estate offices is never a bad idea. Real estate offices offer options and expertise which, in this case, you need. All you have to do is tell them that you are looking for single family home rentals for investment and leave the rest for them to work on. You can also provide specific criteria like your budget or return on investment goals, and they’ll take that into account. It is actually an effortless way of going about it. You give them money; they do the work for you.
4. Real Estate Websites Have a Lot to Offer
There is a myriad of real estate websites that have property listings. You can always use those as a resource to find single family home rentals for sale. The good thing is that they provide search filters that you can use to narrow down your options. Also, it is a great way to get straight to what you are looking for. Additionally, some websites like Mashvisor, provide detailed information on the investment property which leads us to our next way of finding single family home rentals for sale.
5. Using Real Estate Investment Tools Is a Great Option
When searching for single family home rentals for sale, one of the ways to find an investment property is the MLS. But sites like these only provide basic info rather than the real estate analysis that you actually need. So, the better option is to use some real estate investment tools that give accurate information, analysis, and access wherever you are. For this purpose, I would like to take the time to introduce you to Mashvisor’s property finder tool.
Related: The 21st Century Must-Have Real Estate Investment Tools
The Property Finder Tool
As its name suggests, the property finder is a tool that will assist you with your search for single family home rentals. The question, however, is how???
It all lays within the function of this tool which is based on artificial intelligence technologies. This basically means that the tool can generate an entire list of investment properties for sale based on your inputs. In addition to producing the lists, it also sorts the investment properties it found from best to worst investment-wise. This means it will save you countless hours trying to individually analyze each option.
For this tool to generate the best results, you only have to provide the market of interest and a couple of additional criteria. From here, the property finder tool will sort out all the single family home rentals that are for sale in that market.
But, wait a minute! We are not done with its features. The cool thing about Mashvisor’s property finder tool is that it will also use your search history on our website to generate results that match your criteria and interests. So, in other words, it uses the information from your rental property search history on the platform and implements it into its search process to make sure you find precisely what you are looking for.
Before we go to the next section, if you want to learn more about the fantastic features of this tool, go ahead and schedule a demo.
6. Trying Traditional Ways to Find Single Family Home Rentals for Sale Can Work
When searching for single family home rentals, conventional methods can also be helpful. One way is to contact the chamber of commerce in your local area. You can also check to see if there is a local real estate magazine in your city. In fact, that might be an easy way to scan your area for investment properties for sale. Referrals never go out of style either. So you might want to ask people in your circle if they know about any properties for sale. And finally, the local newspaper might be the right place for a real estate investor to look. In that way, you will get the owner’s information and be able to contact them right away.
Now, with all that being said, we invite you to learn more about our product and see how easy it is to find single family home rentals that are profitable!