Don’t start with Foreclosure Sales

When your starting out I think it’s best to stay away from the houses that are going to sale at the court house steps, just because it take a lot of time and energy to keep up with all the sales.

It really is a full time job for at least 2 people, and if you pick out a few of the sales and try to get luck and hit one it seems that you will always go after the wrong one.

The amount of work involved to get a system to work of buying these sales is just too much for someone starting out.

Plus there is just a lot of work involved in doing all the research that must be done before the sale takes place, all this must be done in a very short period of time which makes it just that much harder.

There are a lot of little problems that you must work our, one is that you must look at the house before you go to the sale and buy it. I always liked to get the money and show up at the sale then have someone drive by and make sure the house didn’t burn down or something as the sale is starting.

If the house burned down the night before and you race to the bank and 8:00 and try to make a 9:00 sale and do not drive to look at the property because you don’t have time, then you could end up paying a lot of money for a burned out house.

Some people will look at the house the day before and say well that’s good enough but you’re taking a risk and I always like to eliminate as many risks as I can.

Once you learn how to do a lot of the different sides of buying a house like this, and you know what your doing, then you can try buying at the sales. But this should not be where you start.