Money To Spend
I have recently come across an opportunity that can be very profitable. I have basically been given the chance to find any type of realestate that can be turned for a quick profit.
I am learning about forclosures however my knowledge doesn't need to be great in order to work with my investor. He is willing to do all due dilligence after I hand him the deal.
My biggest problem right now is I'm not sure where to find the realestate. I know how to look up forclosures at the courthouse. Does anyone know of a method for finding property for cheap and selling quickly.
Thanks
Nick :-D
actually in real estate, knowledge is power :-D
Eric_M,
Glad to meet you.
Actually "applied" knowledge is power, all the knowledge in the world will not do one creative real estate deal unless you apply that knowledge, which will.
John $Cash$ Locke
Thanks for the reply. I have knowledge in realestate and wont I don't know I can learn. Thanks for the reply john. However, neither of answered my question. Do you know of where I can invest my money or who can help me find realestate to invest in.
TO NICK D --
1) A GOOD REAL ESTATE AGENT
OR
2) LOOK IN NEWSPAPER ADS
Cheryl Lopez
join your local real estate investors club.
Get a "bird dog" (see forum section) to hunt fown properties for you
Look in TCI Realty section on this website.
Good Luck!
Good deals can also be found by driving a desired neighborhood and finding distressed properties then making an attempt to speak with the neighbors. Trust us neighbors do not like distressed or "eye-sores" on the block.
Perform due diligence and find the owner, ask if they will sell on a discount because they do not have to pay for commissions or repairs.
Eric & Rosa
[addsig]
Nick,
You need to do a little better for us to be very helpful.
1. How fast does a deal have to be. You said quick turn. Does this mean 30 days, 90 days, 6 months?
2. Does it have to be residential?
3. Can it be note related where the deal is from buying and selling of a note rather then a property? There are other things like leases but I doubt they will fit the quick turn.
4. What sort of deal size is too large or too small to be worth the investors time? You said you are finding the deal and then they will work out the details.
5. Related to the time question is does geography matter?
6. Are you limited to foreclosures?
John
[addsig]
John,
Sorry for not being more specific. Investors would like deal to produce within 45 days of purchase. The return my investors want vary. Anywhere from quick return of 10% to 50%. Amount of money, type of deal (referring to notes) or location doesn't matter. Thanks for all the replys.
Nick
John,
In the united states.
Thanks