#1 Thing You Need to KNOW

amazing advice thanks for the advice

If you dont really know the market, a get them from REA or solds in your area

try trulia and others-
but you can 'one stop shop' at
findcompsnow for Comps, Cash Buyer and PML at one place

try it - its free

see other links below

Mike

bump

bump

bookmark and bump up for others

Hi Mike as always your on my radar, many thanks, Jim

and so will VALUES

Stay Alert

stay alert

bumping it up so others who missed it can read the #1 Need post from Mike...

going to start calling realtors today as instructed to out of dean's book 30 days to real estate cash. Am nervous but put together the script matt offered and have 10 numbers in front of me and a partner who will put up EMD as long as it's refunded if a deal doesn't go thru. Thanks again. Louis

Hi Mike , Coach and everyone else, thanks for sharing your all awesome, many thanks and success, Jim

Mike,
Great comments. Knowledge is the the light that guides you, focus is the laser that demolishes the obstacles.

Great Info. Looking forward to the rest of your posts

Excellent Advice! Thanks Mike!

Loren

Hello Mike,
Thanks for this information. I found more than one thing I need from this article:

1. Learn and know your market value
2. Learn and know the rental market
3. Learn and know the repair costs and value
4. Remember to be a problem solver
5. Learn and know one area of REI to focus on
6. Don't let me stand in my way.

Well I am working on all of this, including getting out of my own way.

Thanks for your post. Its important to keep up to date with all the changes and updates that are happening in our area.

to top and HELP DGer's

THANKS AGAIN MIKE

THANKS MIKE

End buyers or REI for buy n hold

YOU HAVE to have the numbers and KNOW Values

bump good info to have

Back in November I hit the jackpot with 2 Realtor's who rock! I ask for something not only do I get promptly but if its not possible to get it to me within an hour they tell me when they will and ask if that is OK? They follow up with me, hold me accountable for my actions with them. In 2014 From Vero Beach FL to Miami, we will be taking the area over.

I absolutely agree with the lead post in this string, good information Mike. Let's now take that a step further. I'll name my top 10 ways to learn values--price, costs, rental rates, etc. I invite others to add their best recommendations as well. I am a believer that as an active real estate investor you owe yourself and your profession some regular time that is devoted to enhancing your education about your area. The following list is not in any particular order, just what occurs to me should be at the top of the list:
1) Identify an area within your market city that you would like to learn the most about;
2) Drive streets in this area, looking for "For Sale" and "For Rent" signs, make calls on these properties.
3) Do online searches for recent real estate articles on real estate trends and property values in the area.
4) Spend time on zillow, trulia, rentometer, and other websites. They are not absolutes for values, but looking at areas and value estimates, rental rates, etc., can give you a lot of info to work from.
5) Schedule lunch appointments to pick the brains of a real estate agent, appraiser, property manager, and contractor.
6) Obtain a copy of the book "Estimating Rehab Costs" and go through it.
7) Physically inspect physically distressed properties, and practice evaluating.
Attend a Real Estate Investor's Association meeting in your area every month.
9) Find one or two very seasoned investors in your area that you can call when you have a question.
10) Work with the training team for the DG program for coaching and training on better understanding your craft.

Again, I invite additions from others, and we wish each of you great success in all you do.

I hope god keeps blessing you
Always
keep up the good work.