While a typical buyer
may look at five to 10 homes before making an offer, an investor who makes bargain buys
usually goes through many more. Most experts agree it takes a lot of determination to find a
real "bargain." There are a number of ways to buy a bargain property:
*Buy a fixer-upper in a transitional neighborhood, improve it and keep it or resell at a
higher price.
* Buy a foreclosure property (after doing your research carefully).
* Buy a house due to be torn down and move it to a new lot.
* Buy a partial interest in a piece of real estate, such as part of a tenants-in-common
partnership.
* Buy a leftover house in a new-home development.