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Top Tips for Finding Amazing Real Estate Investments

Knock on a Few Doors

Is there a property in your neighborhood that you know is up for foreclosure? Does this property look like a lucrative investment that you know you can turn a profit on? If so, don’t be afraid to casually knock on the door and speak to the owner about striking up a deal that can help the both of you in one way or another.

As you approach the owner, avoid mentioning the foreclosure as this is an awkward subject. Be polite and mention to the owners that you were at that local courthouse doing some research and noticed that they have a pending issue with their property and that you would like to offer your assistance. Ask the owners of they have taken care of the situation. In most cases, they will say that they have.

However, this is probably not true and the owners are most likely embarrassed and a bit shell-shocked by your presence. Again, offer your assistance and put your deal on the table. This is the beginning of your real estate plan unfolding.

Mailing out Postcards

If you are not currently mailing out postcards that detail who you are and what your company does, you should definitely start. As an investor, make it a priority to religiously mail out these pieces of information, especially to property owners who are in foreclosure. This tells the owners that instead of allowing their buildings to completely foreclose, you can provide a more positive out for their problem.

You can also mail your postcards to people in probate, including those who are facing a divorce, bankruptcy, and landlords who simply walked out of eviction court. All of this information is considered to be public domain and you have every right to view it. Capitalize on this knowledge and get your foot in the real estate door with a simple postcard.

Mailing Lists

Consider purchasing a batch of addresses from a mailing list company. This gives you a way comb your neighborhood for potential investment deals. Realtors use mailing lists all the time and it works out wonderfully for them. Investors can have the same results.

Make Phone Calls

It is certainly a time-consuming approach, but consider taking a few afternoons to make phone calls to property owners who are in foreclosure. You can find information on these people by visiting your local courthouse. This includes the type of property they own, the type of foreclosure, and their contact information. Take the time to find the people who have already moved from the property.

You might think that it is a lost cause if the owners have already vacated the premises, but it is a clear advantage for you. These people have already disassociated themselves both physically and mentally from the property so you shouldn’t have any problem presenting your deal to them and having the owners being receptive to your offer.

Run Ads in Newspapers

Running an ad in the newspaper is probably one of the oldest real estate investing methods in the book. If you think running an ad is too expensive, consider how the investment will eventually pay for itself when the venture results in a property gain. Make sure to place your ads under the “money to lend” category and wait for your telephone to start ringing off the hook with desperate homeowners.

Real Estate And Construction Business Report

Real estate and construction businesses reported revenue for 2010 with income over 3 trillion baht and a total profit of 35 billion baht. Italian-Thai Development PCL revenue was up to 36,676 million baht.

Thirty five housing developers had combined earnings of 1.61 billion, an increase of 16%, and profits jumped more than 26% to over 23 billion baht. Ranking first in profits was Land And House with 3,876 million and Pruksa ranked first for earnings at 23,406 million.

In the property sector and the construction sector, not including building materials, 62 companies in 2010 had revenues from operations at more than 3.07 billion baht, an increase of 2.72% from 2009 with revenue valued at more than 2.99 billion baht, while the profit from the operations of all companies was equivalent to 35,261.90 million baht, up 39.13% from 2009 with total profits of 25,343.62 million baht.

For the past year, considering only a total of about 35 residential real estate development companies, there was a total combined revenue of more than 1.61 billion baht, an increase of 16.18% from 2010’s income of 1.39 billion baht. Profit was set at 23,314.16 million, up 26.43% from 2009’s value of 18,439.10 million. The top three companies in terms of gross revenue were Pruksa, Sansiri PCL and Land and House PCL. The top three most profitable companies were Land and House, Pruksa and Supalai PCL. In construction, the top three highest grossing were Italian-Thai Development, CH Karnchang PCL and Sino-Thai Engineering & Construction PCL. The top three highest earning contractors were Sino-Thai, Christiani & Nielsen and Toyo-Thai Corporation PCL.

However, during the past year many companies growth performance increase but at the same time many companies also loss from operations especially five residential development companies with its operating losses were Golden Land Property Development Ltd. (Thailand) loss more than 285 million, Living and Capital PCL (Thailand) loss more than 148 million, Grand Canal Land PCL (Thailand) loss 86.25 million baht, Everland PCL loss 39.10 million and KC Property PCL loss around 8.31 million.

For building contractor with operating losses were Ch. Karnchang PCL loss more than 319.27, Scan Global PCL, with its performance up to 3rd Quarter in 2010 losses more than 94.72 million and EMC PCL loss more than 71.35 million.

In the past year’s results, most of the companies listed on the SET saw significant growth because of economic conditions in the past year facilitating business growth. This was coupled with a huge demand for housing which continued into the second year of growth since 2009. Last year the real estate industry had the highest growth since 2007 and growth will continue this year as well.

It is believed that businesses will continue to expand continually for another year because real demands still exist even though current oil prices and interest rates are increasing. If companies expand gradually there should not be problem and everyone would be able to adapt. One important factor that will halt business is the problem of political violence that has increased.