Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 66

STANDING AFAR FROM THE MADDENING CROWD

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I always recommend that first-time foreclosure investors sit in on at least five auctions before bidding. When you begin sitting in on auctions, you’re likely to notice the same people showing up week after week, a majority of whom never bid on properties. Some people attend for the entertainment value, and that’s fine, but others consider themselves to be the resident foreclosure experts. A new face in the crowd draws their attention, and they offer what they’re convinced is solid investment advice.

Steer clear of these foreclosure-investor phonies. The people you want to seek advice from are the people who show up every week, bid on properties, buy them, and turn them over for a profit. Unfortunately, these knowledgeable people aren’t likely to share their wisdom with a novice investor who’s looking to compete with them. But if you can earn their trust and offer something of value in exchange, they may be willing to pass along some advice.

Foreclosure Investing For Dummies

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