There’s lots of investors out there looking to get started, and as active real estate experts here in Baton Rouge LA, we get asked to some of our secrets sauce quite a bit.
Fortunately for you, we love to share!
One of the biggest questions we get from local investors is ” How do I find a good investment property in Baton Rouge LA?”
With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… we have to get far more creative in finding the best deals on solid local Baton Rouge investment properties.
We source our properties from a variety of marketing routes… whether it be our direct mail, our cold callers, SEO content, Google Ads etc… there’s really no one way that’s better than the other to find a strong investment property in Baton Rouge.
The info below walks you through some things you can put to work to find great properties to add to your investment portfolio.
Most investors are afraid of competition – they think that if they share their secrets, someone will steal their ideas from them.
That’s not how we work. We work with other investors to accomplish things together that we can’t do alone.
We share our what we’ve learned here because we want to improve the quality of real estate investing in Baton Rouge to build stronger communities. Ultimately, we’re all investing in the same neighborhoods, so it makes sense to do it right.
How to Find Killer Investment Property in Baton Rouge
There are a few core principles that are important to understanding if you want to get the best investment property deals.
First of all, you’ve got to think long term.
Unlike the stock market, real estate is extremely static. It’s where people live, work and play – not just numbers on a screen. Making a huge amount of cash in a short-term real estate deal is somewhat impossible. Those deals come few and far between.
Don’t expect to get away with fancy tricks, or that you’ll outsmart the people who have been doing this stuff for years. Thinking long-term means learning from the past to better anticipate the future.
It also means that if you don’t find the local investment properties you’re looking for right away, it doesn’t mean you’ve done anything wrong- you just have to keep looking. Just know that this isn’t a sprint… it’s a marathon.
That’s why it’s a great idea to find several sources of real estate deals that fit your criteria (like our Baton Rouge Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
Secondly, focus on relationships.
Our investment community here in Baton Rouge is much smaller than most people think.
Although you may not know it, there’s really only a handful of brokers and investors who transact most of the business in the market.
Typically, these guys and gals are used to working with the same people on a regular basis. You should constantly put forth the effort to find these people. Be intentional about learning from these veterans in the market. Ultimately, offer to provide them and their business value in any way you can, and, if you can, work with them. They’re your best source of good deals, not only now but also the future.
How do you get to know them? Go to your local REIA and find the people who are active and talk to them. Ask them which real estate agents they use, what wholesalers in the area are active (and get their info!) and tell everyone you can find that you’re looking for investment properties that fit your criteria. Learning how to find a good investment property in Baton Rouge isn’t a hard thing… but relationships can be a key element in getting some of the best deals on properties that no one else has access to in the Baton Rouge LA market.
Who should you get to know?
- A few of the top investment friendly real estate brokers in Baton Rouge
- A couple real estate appraisers who deal w/ the types of properties you deal with
- One or two investor-friendly title companies
- The top handful of property wholesalers in the area
- The top handful of property rehabbers/flippers in the area
- Title agents that deal with investment properties a lot
Third, identify your target investments.
Real estate investing is like many other aspects of life – the most focused people often succeed the best. You have to find your niche. Some people make millions just in parking garages or storage units.
Others specialize in residential apartments, while others deal strictly with retail. The common theme among each of these investors is they found their specific niche. If you take the time to do your homework, you can analyze the different segments of the market to see which opportunities are truly the best for you – and not just the most popular. Once you decide exactly what you want to own, create a plan to find out who owns it and make sure that they know to call you when they want to sell that property.
This takes a lot of work, but it’s a tried-and-true method for creating long-term wealth.
Last of all – use technology.
Sign up for our list of exclusive properties, and we’ll notify you instantly when we find a great investment.
We routinely source properties for deep discounts, secure them and then sell them for a discounted rate to the people on our list who are ready, willing and able to invest. This is obviously for off-market properties. Additionally, there are other ways to get notified about properties on the open market. You should get familiar with searching the multiple listing services with the rest of the herd because every once in a blue moon a great deal shows up.
We don’t deal with average deals – we only pass along great deals to our partner investors. We’re not real estate brokers, we’re investors ourselves and our business is a niche within Baton Rouge.
If you’re looking to seriously invest in Baton Rouge, we’d love to chat with you to learn your wants, wishes, and objectives.
Hopefully you now know how to find great investment properties in Baton Rouge. If you have questions give us a call or join our buyer’s list below!