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…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.