WHAT IS A HOUSE HUNTER/LOCATOR?
A real estate investing term that refers to someone who spends their time trying to locate properties with substantial investment potential. Usually, the intent is to find properties that are distressed and selling at a discount that can be repaired or remodeled and sold for a sizable profit. Sometimes, however, the term is also used to refer to people who find underpriced properties that would make good income (rental) properties.
IS BEING A HOUSE HUNTER/LOCATOR FOR YOU?
Despite what many late-night infomercials promise, being a house hunter/locator is not a quick and easy way for the novice real estate investor to become the next Donald Trump. Most successful house hunter/locator have spent years, or even decades, working in and around real estate and have developed their instincts about a property's potential.
For someone interested in breaking into the house hunter/locator field, working for a more seasoned investor may be the wisest first step. Many house hunter/locator work as apprentices for a time, either receiving a commission or a share of the profits for the properties they help locate for experienced real estate investors.
A real estate investing term that refers to someone who spends their time trying to locate properties with substantial investment potential. Usually, the intent is to find properties that are distressed and selling at a discount that can be repaired or remodeled and sold for a sizable profit. Sometimes, however, the term is also used to refer to people who find underpriced properties that would make good income (rental) properties.
IS BEING A HOUSE HUNTER/LOCATOR FOR YOU?
Despite what many late-night infomercials promise, being a house hunter/locator is not a quick and easy way for the novice real estate investor to become the next Donald Trump. Most successful house hunter/locator have spent years, or even decades, working in and around real estate and have developed their instincts about a property's potential.
For someone interested in breaking into the house hunter/locator field, working for a more seasoned investor may be the wisest first step. Many house hunter/locator work as apprentices for a time, either receiving a commission or a share of the profits for the properties they help locate for experienced real estate investors.
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