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Recolect, I love your idea of buying a

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Brytex   Tuesday, 05/29/07 01:22:25 AM
Re: recolect post# 163
Post # of 203 
Recolect, I love your idea of buying a fixer-upper. That would be a great way to start. But from a real estate investor perspective, finding a motivated seller is the most important aspect to finding a great deal.

Also important is your ability to close fast. Of course you want to take your time with inspections, etc., especially since your a first time buyer. But you still can get your financing in place ahead of time. That makes you a stronger buyer, enabling you to negotiate a lower price.

Don't know what the Chicago market is like, but over here in Monterey County, California, the market is brutal. But that is great news if you're a buyer. Buyers call all the shots here.

Keep us posted on your search efforts.

bry


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