Well, the Trump University foreclosure tool I mentioned in my last post is a bit of a bummer, just because the trial version is crippled. You can't see the actual photographs of the property unless you subscribe, so I'm still toggling between different sites. Thank goodness (OK, thank Opera; they started it) for tabbed browsing. It's bad form to cripple a time-limited trial, if you ask me.
I contacted realtors on 11 foreclosure properties in the Atlanta area today. So far, I've received one response. Tomorrow, I'll work the Dallas-Houston market.
I contacted two hard money lenders, one with some general questions and one with applications on two properties. I'm waiting to hear from them. I also contacted a HomePath lender and am awaiting a call back. I called HomePath to pre-qualify, since some properties are eligible for FHA loans both for owner-occupants and investors, at 3% down.
I spent some time yesterday at REI tips, listening to parts I and II of Norton's Secret Profit Formula. There are definitely some good tips there. Bob Norton is killing it in Detroit, probably the worst market in the country right now, and he's doing it from Utah! He does have some advantages though, being originally from Detroit and being a realtor and hard money lender.
Friday, October 9, 2009
Education of a Real Estate Investor, Day 4
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