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Analyze the deal first—if it pencils out go look at it..

Posted by Ward-CA- on December 21, 2003 at 9:30 PM

In Reply to: Ward only -- posted by Lisa - CA on December 21, 2003 at 11:50 AM


: Ward, read your article on mentoring. Very insightful. However, I also would like you to elaborate when you state, "that a good foreclosure investment had to have more than location or a nice appearance going for it." What do you mean? Thanks again.

===============

Lisa,

It’s common for the amateur investor in real estate to make snap decisions on the worth of a property, based on it’s location or appearance.

But for me, like most pro’s, each property has to “pencil out” regardless of where it is or the shape it’s in.

Hope this helps.


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