Property sourcing involves locating a property, doing the necessary negotiations in order to secure it, then usually offering it for sale to a property investor as a complete package.
Many of the best deals come via contacts which is why many individuals make a career out of property sourcing itself. It’s also the reason – along with a lack of time – that buyers are happy to let an experienced individual do the sourcing for them.
When sourcing property it is essential to look at any potentially infrastructure changes in the desired location as this could affect the value of the property. There should also be a market for the type of property in question and ideally, it should be below market value.
