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REI Tech

X Marks the Spot on Your Own Treasure Map

We’ve all heard the expression that the three most important factors when dealing with real estate are:

  • Location
  • Location
  • Location

There’s a lot of truth to that statement.  Buy a beautiful house in a really bad neighborhood, and you might be in trouble.  There are certain places where people want to live, and there are places they don’t.

Your job as a real estate investor is to find the hot neighborhoods or the up-and-coming neighborhoods...  then start mining them for great deals – your ‘treasure.’

How do you find these great neighborhoods?  The traditional methods have always involved:

  • Driving around various areas to see the condition of houses.
  • Talking to local people.
  • Researching school districts.
  • Talking to Realtors about what is selling.
  • Calling the local police department…

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