Re: Foreclosure question in NC - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on January 24, 2002 at 19:58:09:
You can study up on the law by reading the state statutes.
I do not recommend foreclosures for beginners. They can be hugely profitable–if you know what you are doing. They are also very risky. You do not know how much you do not know.
Instead, I suggest that you invest more conventionally for two or three years and then consider whether you want to get into foreclosures. At that time you will have a knowledge base that might give you a fighting chance to be successful. Of the people I have seen who start in foreclosures, virtually all have quit real estate investing in about 3-6 months.
Good Investing**Ron Starr