Today, I want to talk about investor-oriented resources and how they can help you locate good investments. There is no doubt that the Internet has had a tremendous positive effect on the career of real estate investors and helping them find deals. What we used to do by driving around and making phone calls can quickly be done online today. There are investor-oriented websites, online investor communities, and countless private investor websites in existence.
Investor-Oriented Websites
I’m a real fan of a couple of free investor-oriented websites. Unlike so many others, they don’t charge subscription fees, and you get tons of listings from private parties (as opposed to companies that don't really have properties to sell. Two of my favorites are:
www.Rehablist.com
www.Foreclosures-4-investors.com
Keep in mind that you can often find deals from consumers selling homes as well as investors wholesaling deals. Often, even real estate agents will have lucrative deals on these sites.
I'm not much of a fan of the paid foreclosure subscription services. There are a couple of good ones, but most of them have information that is either grossly outdated (read: useless) or otherwise inaccurate. Or, the information is often nothing more than what available to the public through other means for free!
Even the good subscription services can be out of date, and have scores of public information, so you have to take that into consideration. Plus, the fees tend to be really cost-prohibitive anyone but experienced investors who have enough activity to justify the cost. All that said, if you choose to use a paid foreclosure service, select your company wisely.
Real Estate Investing Communities
I’m also a fan of a handful of creative real estate investing communities online because their forums and classified ads can lead to impressive situations.
www.uslandco.com
www.creonline.com
I'll also put in a plug for my own real estate community just formed on a social networking site called Ning.com. It's very similar to facebook.com or myspace.com if you are familiar with those. It takes full advantage of contemporary Internet features such as photos video and "social networking" among members. My site is:
http://coast2coastinvestor.ning.com/
In invite you to join me, post your introductions, network, ask questions, etc.
Until my next post...live your real estate dreams!
William Flood
Thursday, September 27, 2007
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