OfflineHi, my name is Chanda (pronounced like Shonda). I've been a member of the forum for awhile. I have two of Dean's books and I'm finally getting over my fear. I'm ready to take action. My problem is I live in a very small town. Itis so small that we don't even have a presence on craigs list. There are no real estate investing clubs here either. The closest one to me is 2 hrs. away. My question is should I invest in another city? Can I do assignments in other cities from home? If anyone has any suggestions please help. Thanks and God Bless!
Chanda
But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day. Deuteronomy 8:18
If your market is small, you may have to go to the nearest larger town to find enough deals. Remember though, there are deals everywhere, even in small markets.
I coached a gentleman about 6 years ago from Ventura County, CA. His market's median home price at the time went over $600k. So instead of working his area, each weekend he would drive 1 1/2 hours to a town up in the mountains where he found a great deal from a seller dealing with terminal cancer and he ended up making a substantial profit from that one deal.
I always recommend people start out in their own back yard to get a feel for things, but if you don't have a lot going on there, get to where the action is.
Another thing to consider... even if the club is two hours away, it is usually only once a month or so that they meet. Call in advance and make sure they actually are meeting, and find out how many people go to it. It may be well worth a 2hr drive once a month!