Get Pictures of the property
- Know your maximum you are going to pay
- Know the value of the property
- Know everything about the location
- Get the subdivision map
- Keep all notes right in front of you
Do not bid over your maximum bid - It is okay to go to an auction to watch so you can see what is going on. Always have ten to fifteen properties to bid on and so when you lose a deal you will always have back up deals to bid on. Try to research as many properties as you can the more you have the better chance you have to get some good deals.
If you are looking at improvement structures that need some work - You can also find lots with everything on them but the homes. The builders sometimes stop building homes when they stop market starts to drop. You could get lucky and buy lots 500 dollars at a time and turn around and sell them 3,000 to 5,000 dollars each.
Well this is the lesson for today and tomorrow we will be getting into another very important aspect QRP Retirement Plans and these are retirement plans no one wants you to see that are designed by our government officials and I will tell you why tomorrow. So stay tuned have a great holiday and be back plugging away again tomorrow.
Calvin
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