If you are looking to diversify your real estate efforts into less conventional but profitable avenues, investing in abandoned or vacant property is a great way to do it. The beauty of abandoned or vacant buildings will be a constant and never-ending real estate investment strategy. As with many things, the visual value of abandoned property is always subject to one's individual eye for opportunity and design; you basically have to be a bit of a futurist, looking past its present condition of what it is and into the future of what it has the potential to be with improved aesthetics and design. On the contrary, vacant properties can be a problem for those who live nearby and have to see them every day, but for an investor, it can present a once-in-a-lifetime holy grail sort of opportunity to make a sizeable profit from the forced appreciation you can create through renovating these types of properties. However, it’s not uncommon for even the most seasoned investors to lack familiarity in dealing with vacant properties, finding their owners, financing them, or any other aspect of this strategy because there are so many unknowns. However, on the flip side, if you are someone who wants to scale your real estate portfolio, this approach could yield some impressive deals if you know what to look for, target, and equally important, have patience in the process.
In this conversation, your host and real estate Investor Queen, Tiye El' Asar, share the general concept of properties that are vacant, abandoned or unoccupied and the opportunities that present these types of deals with this potentially profitable real estate investing strategy.
EPISODE SHOW NOTES
https://bit.ly/TRTTS11E1SHOWNOTES
INVESTOR QUEEN FB COMMUNITY:
https://www.facebook.com/groups/2604556489667070/?ref=share
TIYE INSTAGRAM:
https://instagram.com/Tiyeelasar
TIYE LINKEDIN:
https://www.linkedin.com/in/tynique-tillery
TIYE TWITTER:
https://twitter.com/TiyeEl
BINGE ON PAST EPISODES OF THE REALTY TALKS:
https://bit.ly/3arVQPA
*** BONUS INVESTOR QUEEN RESOURCE
Get Your Investor Queen Cream to add to your daily ritual now: https://bit.ly/InvestorQueenCream
You can also check out The Realty Talks Podcast Show available on:
✔ Apple Podcast ✔ Spotify ✔ Stitcher
... & more!!