Re: I just got fired from job!!! Thank you GOD! - Posted by Tim (Atlanta)
Posted by Tim (Atlanta) on January 21, 2000 at 07:25:46:
I see from your post that you are elated at loosing your job. That is the first step to true financial freedom. You must let go of your security blanket and step out on your own. I congratulate you for your attitude.
Now for some bad news : The Atlanta market is a real sellers market right now. Especially inside the perimeter. There is also tons of competition out there looking for deals. All you need to do is look at all of the I Buy Houses ads in the AJC. But on the good side, your competition is not doing a very good job at its homework. Several deals I have made have come from the fact that I was the only person that actually answered my phone/pager and returned calls. Since you now have the time, take the time to visit with sellers. Your personal attention will set you apart from your competition.
I would also like to encourage you to come to the convention. It is invaluable to someone dedicated to REI.
If I were doing the flyer on mailbox route, I would concentrate first on your local area, then branch out into the suburbs. I would not bother with any property inside the perimeter unless you want to get into rehabs. Look for those nice 3/2 houses about 7 years or older. There are TONS of them with people who are in trouble and want to sell. I would also search the local newspaper or courthouse for listings of upcoming foreclosures. This can be a great resource for leads.
Good luck and keep us posted. Feel free to contact me, I am always happy to meet and talk with other investors.