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Forums » Starting Out » PROPERTIES IN VEGAS/CALI BUT I live in Chicago

PROPERTIES IN VEGAS/CALI BUT I live in Chicago Subscribe to PROPERTIES IN VEGAS/CALI BUT I live in Chicago

2 posts by 2 users

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Faraz M

Real Estate Investor · Chicago, Illinois


Forum_avatar_avatar-livecause

Icon_minipost Mar 26 '09, 10:24 AM

I own a 4bedroom house in chicago which has fallen about 25-26% from its peak in 2006. I am selling it now and taking that loss because I believe I can invest my money in other markets that have bottomed out and gain much more back.

I want to start looking into properties in Vegas & California b.c. I think they have bottomed out..I mean most have lost 50% or more that is NUTS ! How can I go about finding deals in california and vegas when I live in Chicago ?

I have heard I should buy from wholesalers ....
I have heard I should hire bird dogs....
I have heard I should go to auctions....
I have heard I should buy from lawyers who do loan mediation...
I have heard a lot of things BUT what is the best way to go about getting the best deal ????????????????????????? :idea:

Edited: 06/26/2010 at 07:43AM


Richard Warren

Real Estate Investor · Las Vegas, Nevada


Forum_avatar_avatar-rehab702

Icon_minipost Mar 26 '09, 10:26 AM

First off, you need "boots on the ground." You need to explore those markets and develop contacts there. Take a trip to Vegas and CA and attend a few local real estate club meetings and make some connections.

:cool:

Edited: 06/26/2010 at 07:43AM


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