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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Help in Arizona Posted by Ward-CA- on February 23, 2002 at 7:16 PM In Reply to: Help in Arizona posted by Gary Y on February 23, 2002 at 4:06 PM : I recently lost my job due to a downsizing and would love to take this opportunity to purchase and flip distressed property but could use help in getting started. I can't really afford to spend 6 months pursuing my first deal. Am I being unrealistic? Like many of the folks on this forum, I have read endless books and purchased tapes over the years but what I could really use for the sake of building confidence and making good decisions from the start is a personal "mentor". I have had no luck finding help in Arizona. Do you know of anyone in Arizona or an organization I could contact for help? : I have identified what I think are the three ways to purchase distressed property...in pre-foreclosure, at the auction or from a foreclosure "wholesaler" who has purchased at an auction (and marked up his price). Do you have strong feelings on avoiding any of these as a beginner or what I should be wary of? Any help would be appreciated. : Thanks, : Gary ============ For a mentor there in Arizona why not check with your local real estate investment club. By the way, why does your mentor have to be in Arizona? Is So. CA. too far to go? As a beginner I would avoid buying at the auctions since you won't have the protections of a title insurance policy or escrow. However those two protections are available buying from an owner either before or after the sale. Good luck. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I recently lost my job due to a downsizing and would love to take this opportunity to purchase and flip distressed property but could use help in getting started. I can't really afford to spend 6 months pursuing my first deal. Am I being unrealistic? Like many of the folks on this forum, I have read endless books and purchased tapes over the years but what I could really use for the sake of building confidence and making good decisions from the start is a personal "mentor". I have had no luck finding help in Arizona. Do you know of anyone in Arizona or an organization I could contact for help? : : I have identified what I think are the three ways to purchase distressed property...in pre-foreclosure, at the auction or from a foreclosure "wholesaler" who has purchased at an auction (and marked up his price). Do you have strong feelings on avoiding any of these as a beginner or what I should be wary of? Any help would be appreciated. : : Thanks, : : Gary : ============ : For a mentor there in Arizona why not check with your local real estate investment club. By the way, why does your mentor have to be in Arizona? Is So. CA. too far to go? : As a beginner I would avoid buying at the auctions since you won't have the protections of a title insurance policy or escrow. However those two protections are available buying from an owner either before or after the sale. : Good luck. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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