I live in Louisiana and I have a new private investor in Texas. He only loans on property locally, so what do ya’ll think? I mean couls I buy a property, rehab, and sell it, allwithout flying there? Has anyone done it before?
You must reeeeally trust someone in Texas to consider that.
your private investor is only one piece of the puzzle. if you are able to line up all the pieces, the logistics are easily managed. i’m in indiana (foreclosure capitol) and sell many properties to investors in CA. as a last resort, align yourself with marshall reddick. he has networked many of the components necessary for a successful outcome.
good luck
-h
Housebroken,
I’ll beg your pardon. On any given day, Ohio is #1 in foreclosures and darn proud of it!!!
Mike
May 2006 foreclosures
Four of the top ten states for home foreclosures are in the Midwest. Illinois ranked 11th in the nation.
TOP STATES
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Texas 4,009
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Ohio 2,703
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Georgia 2,630
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Michigan 2,163
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Tennessee 1,476
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Indiana 1,459
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North Carolina 1,161
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Colorado 1,008
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Pennsylvania 923
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Missouri 866
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Illinois 751
BOTTOM STATES
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Wyoming 15
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North Dakota 12
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Washington, D.C. 8
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Alaska 4
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Hawaii 1
It was GA. But now it is IN.
I also do foreclosure in all fifty states. So here is what I will tell you. In, Ga ,tx ca, for now is good for short sales and lease options.
Mike, congrats. Look out I’ll be back.