Fate
Donating Member
If you do not know the market in your area DO NOT BUY..... Buying real estate should not be a gamble. There are plenty of wasy to research a market. I can go anywhere in the country and within a week no where to buy and make money. That is the greatest thing about my job. I can make money anywhere. I went down to Florida and found an incredible opportunity in less than a week. Then went back to research a little more and now branching out into that area.(BigBSBusa @ Apr. 15 2007,23:43) I have only done a little with real estate, but have always thought of flipping houses. Not being able to really study the market scares me and not knowing how to get started doesn't help.
If you want to start learning your area. Find a good realtor that also buys real estate himself. If a realtor is not buying he is probably not that keen on the investing buisness. Read your local papers and see where the city is planning to improve areas or any big plans on new developments. Drive around and see what streets are improving and follow other rehabbers. Join a local rehabbers group. Speak to city officials and get in good with your local government. These are just a few ideas that can help you get started.