Dallas-Fort Worth Real Estate Investor Club

Interested in Investing

  • 06 Dec 2013 6:14 PM
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    Message # 1453386
    Deleted user
    Hey guys, I'm a recent college graduate who's interested in getting into real estate but have some questions. After doing some research it seems that purchasing a bank REO, HUD foreclosed, or a short sale would be the most cost effective. 

    1. Is this correct? Would most people suggest purchasing one of these over a privately owned property? Or is there an even more cost effective way?

    2. What is the best way to find REO, HUD, and short sale listings? Do I need a realtor? Is there a good website to use to search for listings?

    Thanks!
  • 07 Feb 2014 1:54 PM
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    Reply # 1493333 on 1453386
    Deleted user
    Hey Michael email me at steven.mathewson@newwestern.com and i can help you out. 
  • 08 Feb 2014 1:22 AM
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    Reply # 1493624 on 1453386
    Deleted user

    REO, HUD and Short Sales will be listed by Realtors in the MLS. While there are still some "deals" to be found in properties like this many good deals can be found through individuals. As far as needing a Realtor - In the book "Dig Your Well Before You Are Thirsty" Harvey McKay list the ten most important people in a person's network. At the number one spot on his list of the people you must have in your network is a Real Estate Broker. Start putting together your team that will help you in real estate. If you want an investor friendly Real Estate Broker give me a call (817)832-6320 or send me an email at cowtown@usa.net. I would be delighted to see if we can work together to make you a successful Real Estate Investor.
  • 09 Feb 2014 9:57 PM
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    Reply # 1494627 on 1453386
    Tim Cook
    Michael
    There are many many many ways to do this business with no money and minimal risk and in my opinion buying HUD homes is not one of them.  Your going to get alot of responses to your question on this forum. Do your due diligence, pick ONE strategy, one your comfortable with, study it, master it, then add another.

    Glad to help if I can and and best of luck.  This is a great business.

    Go Buy A House!

    Tim
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