Have a question about buying foreclosures? This is the place to find answers.
Question: I’m having a hard time finding a good foreclosure deal. No matter what I do, it seems like either the auction is too close, or someone else is already working with the homeowner.
Answer: No doubt, the most challenging part of buying real estate, in general, is first finding a good deal. It is very competitive out there in the foreclosure world, however, there are some things you can do to help improve your chances. First, let people in foreclosure come to you. Make some flyers, magnets for your car, signs you can post in your yard, anything to let people know you can help them avoid foreclosure. Second, get the listing of Notices of Default as soon as they become available. Then begin knocking on doors, you will be surprised what this will do for you. Lastly and most importantly, you need to get others (bird doggers) working for you. This is by far the best way to find deals. You are only one person… to really take your foreclosure game to the next level, you have to find a way to multiply yourself. Get agents involved. They can be one of your best resources, especially if you set it up the right way.