Re: Ask me about real estate investment?
How do you do your homework about a neighborhood?
I mean you can go on an online listing company like realtor.com and find hundreds of properties in any one given city. Or I can just go cruising in my car. Bottom line is; I'm not really sure what I am looking at.
How do I spot a possible bargain? (you said you use mail marketing, any other strategies? also how do you know who to mail to?)
How do I appraise it to make sure the I know the value?
How do I compare the value to similar properties in the neighborhood, (also how do i know the neighborhood will yield good profit margins)?
Lastly, and possibly most importantly, what negotiating tips do you have to make a deal be in your favor. I mean hopefully all ends happily for everyone, but in the end, I wanna be getting the most I can from a negotiation.
Since i live in bay area, I am looking to invest out of state. My dad has done so w/ 2 properties, and I too hope to build up some equity via real estate (renting it out).
Last question: How did you get started.
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