A Question For Wholesalers....................

Comments(7)

• 
  ray_higdon4th September, 2004

  Practice makes perfect, if you've found the right area, stick to it and you'll learn

• 
  Murphyj20004th September, 2004

  Maybe my question may be a little confusing. Let me rephrase it.
  
  If you knew an area was a hot market, but you just couldn' t get to it. What would you do?
  
  Murphy

• 
  ray_higdon4th September, 2004

  When yuo say can't get to it, I must be misunderstanding you. If you mean cannot physically find the area, it might not be that hot, or, I'd purchase a map...again, clue me in, I'm sure I'm not understanding you

• 
  ray_higdon6th September, 2004

  People invest in property thousands of miles away with success. You will probably need to setup an agreement with a local property mgmt firm but would still swing by there once a month.
  
  GL

• 
  Bruce7th September, 2004

  Hey,
  
  I would spend some time on the internet learning about the city and determinging two, three or four AREAS of the city I think would be good for me. Maybe areas experiencing rehab or high rental or whatever. The I would drive to those areas and spend two days (a weekend) drivng around and really learning the streets. If you see houses great, but I would get information so I could do mailings.

• 
  JeffAdams7th September, 2004

  Murhph:
  You need to first designate what is your "playing field" and stick to it! Spend a 1/2 hour a day studying comps in that area. There are title companies out there that will give you a report of past sales for the month. Study these reports so you know exactly what prices are in these areas...
  
  If you want to be a successful investor, you need to know what property values are in your "playing field" by + or - $10k.
  Then you can back this up by title company comps and MLS comps...
  
  Best Regards,
  Jeff Adam
  [addsig]

• 
  Murphyj20007th September, 2004

  Thanks you guys!