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.