Investing in real estate can be very intimidating especially in the huge market out there. It can be a very time-consuming process to find the right type of property as well as analyzing it to determine if it’s right for you or not. If you are considering stepping foot inside the real estate investing world then now is the perfect time to ask yourself “how to find investment properties?”
There are various tools out there that will help you find investment properties easily. However, each tool is different and provides different services. Mashvisor is an all-purpose real estate platform for all of your real estate investing needs. Whether you’re trying to find, analyze, or compare investment properties, Mashvisor has the answers you are searching for! So let’s talk about how to find investment properties using Mashvisor step by step.
How to Find Investment Properties: The Investment Property Search
The most important thing about real estate investing is to find investment properties. It’s not as simple as some may think. You can’t just drive around from neighborhood to neighborhood looking for property sale signs. The process is more complicated than that. You need to find a good location, the right property type, and a suitable price. It takes analyzing an investment property and its location before actually pointing your finger and saying that’s the one! Mashvisor’s platform includes a number of different tools that will help you find investment properties faster and with a lot less effort than the traditional way of searching. Let’s take a look at the different tools Mashvisor provides and how to find investment properties using these tools.
How to Find Investment Properties: Use Mashvisor’s Property Finder Tool
How to find investment properties using Mashvisor’s property finder tool is definitely a question worth asking. First of all, a property finder tool is a digital tool that helps users find investment properties based on their preferences and search criteria. So for example, if a user is interested in a certain city, the property finder tool will provide the required information based on their criteria by using filters. Of course, not all property finder tools are the same. Each one works in accordance with the type of data the website or platform has.
For example, Mashvisor’s property finder tool uses a wide range of data comps, analytics, and metrics to provide real estate investors with lists of investment properties that have the highest potential for returns. The tool takes into consideration many factors such as your budget, your desired returns, and your preferred property type. The tool gives real estate investors a list of investment properties from the city of their choice with the highest potential for profits based on the cap rate, cash on cash return, and occupancy rate.
It’s only fair now to explain step by step how to find investment properties using our tool.
Step 1: Choose a city/ cities
The first thing you want to do is settle on a certain location and determine which city you are interested in investing in. With Mashvisor’s property finder tool you have the option to choose one city or a multiple number of cities. The tool will then provide you with a list of properties for investing in your selected city. You need to keep in mind that the list of properties shown in your city of choice will only be the properties that match your search criteria. This means that it is possible that you won’t get any listings in one of the cities that you have picked if that city did not have any properties that match your preferences.
Mashvisor’s tool also lets you set a radius for your search. This means that you can control the distance that you would like the properties to be from your selected city.
Step 2: Set your preferences
The question worth asking here is how to find investment properties that are relevant to your preferences? It’s difficult to find a property to match your preferences especially if you don’t have the proper tool to help you out. Mashvisor’s tool allows you to set certain preferences in order to give you a list of investment properties that are most appropriate for you and that meet your search needs. There are filters that you can use to help make your search easier such as your budget, the rental strategy you want to use, and the number of bathrooms or bedrooms you want in the property. By using these filters, you can identify which investment property is good for you and which is not. For example, you can filter out any properties that do not match your budget target price. Also, you can use the rental strategy filter to help you decide on which strategy works for you best. Do you want short-term/Airbnb rentals or long-term/traditional rentals? These filters are designed to help you narrow down your options and make intelligent investment decisions.
Step 3: Understanding the results
For every tool, the end results are the most crucial. Each tool varies in the type of results it provides. Some will give the list of investment properties with the highest/lowest rental income while others will give a list of properties with low vacancy rates. Mashvisor’s property finder tool will give you a list of properties that have the highest overall rating based on Mashvisor’s data and analytics. The results take into consideration many factors which include the property’s cap rate, cash on cash return, rental income, occupancy rate, listing price and much more. All of these are important aspects to finding the right investment property with the highest potential for returns.
When asked how to find investment properties, always keep Mashvisor in mind. With Mashvisor’s property finder tool, we can turn 3 months worth of search into 15 minutes. It’s simple and easy to use and very comprehensive. It provides you with all the needed information to make smart investment decisions. Mashvisor can help you out with both finding the right property to match your preferences and analyzing and comparing it to other properties. To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.