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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Couldn't have said it better (nt) Posted by Ward-CA- on May 23, 2003 at 8:37 AM In Reply to: FAQ. posted by SeanW on May 23, 2003 at 7:20 AM : Ward probably won't reply, since he's answered this before in the archives. : Go to the auctions yourself and watch what happens. If people are bidding properties above 80% of the retail value, then there's too much interest in the sales. You have to door-knock, and try and buy before the sale. Ward rarely mentions REOs since if it was a good deal in the first place, it should have been bought by investors at the courthouse. : I'd say that strictly speaking, door-knocking has the most potential anyway, since you can acquire properties with financing in place, for very little up front cash. But you have to be a sharper deal maker, and better generally at evaluating, repairing, and marketing properties quickly... After all, a house bought at the sale does not necessitate any profit to be split with the owner, and it's carrying cost is minimal. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward probably won't reply, since he's answered this before in the archives. : : Go to the auctions yourself and watch what happens. If people are bidding properties above 80% of the retail value, then there's too much interest in the sales. You have to door-knock, and try and buy before the sale. Ward rarely mentions REOs since if it was a good deal in the first place, it should have been bought by investors at the courthouse. : : I'd say that strictly speaking, door-knocking has the most potential anyway, since you can acquire properties with financing in place, for very little up front cash. But you have to be a sharper deal maker, and better generally at evaluating, repairing, and marketing properties quickly... After all, a house bought at the sale does not necessitate any profit to be split with the owner, and it's carrying cost is minimal. 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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