Sorting Trash from Treasure
Hi, Im a new investor. And im on my way to finding my first deal with my real estate listing agent..............with having access to the MLS is a HUGE help and it saves time........I still dont feel quite right smug about this. My agent gave me lists of homes that match my price range, and my area to work in. The list consists of pre-foreclosures, foreclosures, and short sales......Any real investors have some tips for me on SHIFTING through and finding the deals to focus on? Like what year its built...addons, where to see value in doing cosmetic repairs that would help raise the price. Because I am looking at these and I dont feel quite confident I know what to look for. I guarentee this question might solve ALOT of newbies issues.
My situation:
cash on hand under 10,000 for repairs.
willing to use any type of exit strategy (im assuming ill have to go traditional on this one)
I work full time as a w-2 worker, but I feel I have time to do real estate on the side
I have a pretty good grasp on real estate investing basics
I have a team in place
I know a couple of investor buyers to flip to them if need be