Lots of investors are looking to get started, and as active real estate experts in Santa Barbara California, we get asked to share our secrets quite a bit.
Fortunately, we love to share 🙂
One of the biggest questions we get from local investors is ” How to find a good investment property in Santa Barbara California?”
With the flood of foreclosure deals all but dried up (compared to where they were a few years back)… people are having to get more creative in finding the best deals on great local Santa Barbara investment properties.
We source our properties from a variety of marketing routes… online, offline, etc… so there is no one way that is the best way to find good investment properties in Santa Barbara.
But the info below walks you through some ways you can put into action 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 learning and our philosophies here because we want to improve the quality of investment in Santa Barbara to build stronger communities. Ultimately, we’re all investing in the same places, so it makes sense to do it right.
The fear of competition is a common concern among investors, as they worry that sharing their strategies and ideas may lead to someone else taking advantage of their insights. However, our approach is different. Instead of being driven by fear, we embrace collaboration and cooperation with fellow investors to achieve collective success.
Collaborating with other investors can bring about numerous advantages that may not be attainable when working alone. By joining forces, we can leverage each other’s expertise, experiences, and resources to accomplish goals that would be challenging or even impossible to achieve individually. Through collaboration, we can unlock new opportunities, pool our knowledge, and enhance our investment strategies.
At Santa Barbara, we believe in sharing our learning and philosophies openly because we strive to elevate the overall quality of investment in the community. By openly exchanging ideas, insights, and best practices, we contribute to building stronger and more prosperous communities. Recognizing that we are all investing in the same places, it becomes evident that collectively doing it right benefits everyone involved.
Investing in a responsible and ethical manner not only enhances the value of our individual investments but also promotes the sustainable growth and development of the local market. By sharing our knowledge and collaborating with fellow investors, we can collectively contribute to the long-term success of Santa Barbara and foster a positive investment environment.
How to Find Good Investment Property in Santa Barbara
There are a few core principles that are important to understanding if you want to get the best investment property deals.
First, think long term.
Real estate doesn’t move like the stock market. It’s where people live, work and play – not just numbers on a screen. It’s almost impossible to make a huge amount of cash in a short-term real estate deal, those come few and far between.
So don’t expect to get away with fancy tricks, or that you’re smarter than 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… 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 properties that fit your criteria (like our Santa Barbara Investment Property Buyers List >> ) so you have a heavier flow of great deals to look at.
Second, focus on relationships.
The investment community in Santa Barbara is much smaller than most people think.
There are only a handful of brokers and investors who conduct most of the business in the market.
They’re used to working with the same people on a regular basis. It’s worth the time and effort to find them and learn from them. If you can, work with them. They’re your best source of good deals, now and in 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 let everyone you can find know that you are looking for investment properties that fit your criteria. Learning how to find a good investment property in Santa Barbara 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 Santa Barbara California market.
Who should you get to know?
- A few of the top investment friendly real estate brokers in Santa Barbara
- A couple real estate appraisers who deal w/ the types of properties you deal with
- 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.
Investment is like many other aspects of life – the people who are the most focused often succeed the most. 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. 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 best marketed. Once you find exactly what you want to own, you can 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.
Finally – use technology.
Sign up for our list of exclusive properties, and we’ll notify you instantly when we find a great investment.
We frequently 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. 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.
Our primary focus is on sourcing properties that offer deep discounts, securing them, and then offering these exceptional deals to our trusted network of partner investors. Unlike traditional real estate brokers, we specialize in a specific niche within Santa Barbara, allowing us to pinpoint opportunities that go beyond average deals.
By leveraging our extensive market knowledge, industry connections, and strategic approach, we actively seek out properties that possess exceptional value potential. We conduct thorough due diligence to ensure that the deals we present to our partner investors meet our stringent criteria for quality and profitability.
Our commitment to providing great deals goes hand in hand with our dedication to building a strong and reliable network of investors. We maintain a list of individuals who are ready, willing, and able to invest in these outstanding opportunities. When we secure a property at a deep discount, we offer it to our partner investors first, giving them exclusive access to these high-potential deals.
While there are other avenues for finding properties on the open market, such as searching the multiple listing services (MLS) alongside the rest of the herd, it’s important to note that truly exceptional deals are rare occurrences. However, with our specialized focus and diligent sourcing efforts, we increase the likelihood of uncovering these hidden gems that may not be readily available to the general public.
It’s important to emphasize that we are not merely in the business of passing along average deals. Our mission is to deliver outstanding opportunities that have the potential to generate significant returns for our partner investors. By focusing on a niche within Santa Barbara, we are able to concentrate our efforts on identifying properties with unique qualities, untapped potential, or specific market advantages.
We don’t deal with average deals – we only pass along great deals to our partner investors. We’re not real estate brokers, and our business is a niche within Santa Barbara.
If you’re looking to seriously invest in Santa Barbara, we’d love to chat with you to learn your wants, wishes, and objectives.
So hopefully you now know how to find great investment properties in Santa Barbara. If you have questions give us a call or join our buyer’s list below!