OfflineHello Everyone,
I am new to real estate investing but have read DG's books. I am 25 years old and just finished grad school. I live in a small town in Michigan's Upper Peninsula and I currently have no job and very little money, with a huge amount of student loans.
I could really use some help getting started. Should I look for properties and try to pass it on to a real estate investment company for a finders fee? How do I find foreclosed properties? ...And so on?
I appreciate any feedback.
-RwH
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Ryan
R2L LLC
I cant really comment on the finders fee, it illegal here in TX, but as far as getting foreclosure properties, most ppl Ive seen use a paid service to get listing, I use thedirectoriescompany.com/REOs.htm for REO listing there r several banks on the page and just type in your zip code and see whats in your area. It takes a while to go through each bank.. but its a way to get a listing..
hope it helps
FDB
http://www.deangraziosi.com/content/southcentraltexas
South Central Texas REI Group
Hello fellow Michigander...so your all the way up in the U.P. I just got Dean's books a couple months ago. What I am TRYING to do is to wholesell a few deals and thn aquire some props for reantals. This site is loaded with tons of information. It is time well spent to fly around and get a feel of the site. There are houndreds of people that will motivate you and cheer for you from your corner. Oh, and if you use the TotalView tool to comp out homes it's a lot better that zillow. Zillow doesn't work well with MI. Read past posts and join some discussion groups.There is sooooo much you can do. I have a buddy that lives in Port Huron and he said there is a lady buying up all the props that go foreclosure. Don't know what program if any she is using. But there are buyers out there. You should look at building a buyers list. That way if you find some eco-friendly deals you can wholesell it. Best of luck and welcome to a truely awesome site!!
Earl in MI
Earl in MI
DG
2%ER
RBBP
Lifetime Member
Go to realtor.com and type in the area in Detroit that you are interested in. You may also want to put in the range, minimum to maximum. Please give us feedback. God Bless.
Sandra
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