Posted by Rosie(CA) on June 17, 1999 at 15:53:18:
I agree. May I add that as we study creative investing we evaluate what will or will not apply to our specific situation, our target market, etc.
For example, the press says that the economy boom has lowered unemployment, yatta yatta. Yet a mortgage broker I spoke to said that my county has 3000 foreclores a month. A MONTH! A trip to the courthouse steps to see for myself confirmed his figure tentatively: there were about 10 properties to be auctioned at 11:00, and they have auctions everyday at 10, 11, noon, and 1 pm. Not to mention auctions on property sites at other times. So maybe foreclosures - or PRE foreclosures - are worth pursuing. Of course you’ll keep your eyes peeled for that rare FHA/VA NQ assumable.
When you learn about a technique, learn what’s current, and keep your eyes open for other opportunities. Learn how money is being made in your area and figure out how you can be a part of it. It’s all part of becoming a creative investor.