Where to Find Deals?
The place to start is where you know the market, code for: where you live. Don't try to go into new markets in the beginning, shop where you live and stay close to where you live until you start to learn the market. The first market I ever shopped was within a 10 mile radius of where I lived. For 3 years, every weekend, when I wasn't working my main job, I shopped deals, exhausting every broker in the market and I never bought a deal.
But, I got a great education and I learned what a good deal looked and felt like. I realized after leaving Houston to move to California, how much money I would have made had I invested. I saw what I thought were a lot of good deals, but I wasn't ready yet. I didn't have the confidence yet, because I hadn't yet done enough homework to know the difference between a bad deal, a good deal, and a screaming deal. What you learn from walking properties is 10 times more valuable than any book you could possibly read.
-GC
