Articles For Aspiring & Active Real Estate Investors
Abandoned properties can be found in nearly every city across the nation and their low cost is making them increasingly popular with investors. More than 16 million homes—nearly 1 in 10 American homes in all—were classified as ”vacant” in the 2020 census.
Abandoned properties are typically homes near foreclosure or under some other severe financial distress. To be considered abandoned, the owner must have vacated the property and decidedly given up rights to ownership. With no occupants, these homes often fall into serious disrepair. This makes abandoned homes attractive to investors looking for a deal, but an eyesore for neighborhoods and communities.
Locating abandoned homes, determining whether a property would actually make a good investment, and understanding how to buy and locate abandoned properties are all important considerations if you plan to include these properties in your real estate investment strategy.
A rapidly-growing category in the housing industry is wholesale real estate, a niche that is gaining traction quickly. Of the approximate 142,711,00 housing units across the country, about 15.5 million, or 10.6% of those are vacant according to a U.S. Census Bureau report.
The vacancy rates across regions in the USA are depicted in the following table:
These vacant homes create opportunities for a number of savvy individuals who are interested in wholesaling and investing in neglected properties.
Finding them, however, can be difficult for some. In this ultimate guide, we'll highlight methods to find unoccupied properties and determine whether or not they may provide a lucrative investment opportunity for a real estate investor.
By the end of this article, you’ll learn what a vacant house means, how to find vacant properties, and how to turn them into profits for your real estate business. Let’s dive right in.
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