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Foreclosure Investing - Finding Your Sweet Spot

By
Services for Real Estate Pros with Angle Consulting

Foreclosure investing is a lot like tennis and golf in that tennis racquet's and golf clubs both have sweet spots and so does your real estate investing business.  Hitting the ball on the sweet spot maximizes your results.  Finding your sweet spot in real estate investing will help to maximize your profits.

To find your investing sweet spot you need to understand and monitor your local real estate market.  Even in the worst markets things are selling.  By carefully following sales you can determine the sweet spot for price, location and housing type.  It is critical to your business that you do this and that you target your marketing to these sweet spots.

It is very easy to acquire property these days.  It is a lot harder to sell it.  You need every advantage you can find to maintain your profit levels and volume. The wise investor is one that will know where to aim his efforts and follow through. 

Keeping your eye on the ball is not only for sports.

 

Yours in Success,

Dick Weiss

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Vincent McKamy
Samson Properties - Fredericksburg, VA
Realtor Fredericksburg Virginia
This is a great point - I think the biggest thing is that you have to always remember your profit margin on any property.  Good luck investing
Feb 09, 2008 11:18 PM
Gary McAdams
GMAC Schwartz Property Sales - Key West, FL
Great words of wisdom.  I have seen investors still make a profit in this tough market too.  They just need to get rid of the greed factor and sell when it's time to sell.  Buy low and sell medium.
Feb 09, 2008 11:22 PM
Robert Huntsinger
Empire Realty - Upland, CA
Empire Realty Upland, CA - Full Service at a Discount

Your right, in my area, the Inland Empire of California, the buying sweet spot is still a few months away but once it gets there we will make our move.

Take care!

RJH

Feb 10, 2008 12:18 AM
Lewis Smalligan
Grand Rapids, MI
Great Post Dick.  Please read my most current blog if you have a minute.   Lewis
Feb 10, 2008 01:37 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

 
Jan 22, 2012 04:06 PM