Posted by Anne_ND on July 02, 2003 at 09:51:59:
open houses (talk to the agents, ask lots of questions)
learn to navigate the courthouse (deeds, records, etc)
subscribe to the local attorneys’ newsletter for announcements of foreclosures, legal actions, etc.
call lots of FSBOs and ask questions about their houses
read the classified ads for houses for rent to find out local rental rates
join your local investment club
-All of this activity is meant to gather info about the area, not necessarily to buy something right away. You may come across a few deals in the process (great!) but don’t be disappointed if you don’t. The goal is to learn your area, learn how to talk to people about their houses, and learn to discriminate between motivated vs nonmotivated sellers.
Yes, it’s a lot of work, but it will pay off in the long run. If you find this excruciatingly boring, you might want to switch gears and invest in a different kind of vehicle.
Good luck, Anne