I’m new to town can anyone tell me where I can buy preforclosure list for nice phoenix areas like scottsdale, paradise valley, fountain hill and any other nice neighborhood
Thank you so much
Happy Investing everyone
Many times there are locals who are pulling this information at the court house and selling it. Stop by the court house and ask if there is someone doing it as an information service. It probably won’t be cheap but it will be less expensive than you going to the court house every day.
Apart from lists provided by banks and other lenders, you can also locate foreclosures by reading the notices issued by the city or county and posted in the legal sections of business journals and local newspapers.
Some properties are available to purchase when the city or county has “red-tagged” them, meaning that the house is unfit for human habitation because of a safety or health issue.
Look for newspaper advertisements that state that the advertiser buys properties – “We buy Houses” is often a giveaway. These are usually ads that have been placed by fellow investors and there is nothing to stop you calling them and asking for their list of properties.
Networking is important when it comes to locating and buying wholesale properties. If local realtors are aware that you are interested in potential wholesale deals, you will find it a lot easier to find properties. A good network of useful contacts is invaluable and one of the best things you can have in real estate. Make sure you always follow up with your contacts – rather than waiting for them to call you back.
And sometimes the simple approach is effective - many successful investors advise that you can do worse than simply drive around respectable neighborhoods and look for slightly run down houses that are for sale.
Many people who are trying to locate wholesale properties make the understandable mistake of concentrating on the cheapest properties in their area. In fact, a profit can be made from wholesaling more expensive homes as there are usually homeowners who are desperate to sell their more expensive home, too.
Wholesaling has been around for a while, but in recent years it has become more widespread and acceptable – and contrary to what some people believe, it is perfectly legal. And with the right knowledge, foresight and connections it can be a profitable venture.
There are other sources of information that you can get from. The internet is a good way to start.
I hope this information will help you in a lot of ways. Good Luck
I’m in a very similar situation to the original poster.
Regardng Finestexpert, what’s your opinion on their investment scoring? They assign an investment score to each property which almost sounds too good to be true. What’s the deal? What are their parameters?
The investment scoring is really cool. Every time I do a sanity check by manually analyzing a single property or comparing one property against another their scores seem to make sense.
As for the parameters, it is hard to know. I imagine part of the reason they don’t publish the details is so that people can’t game the system. It seems that a lot of weight is put on the present core financials. I’ve heard that they do something with the local unemployment, vacancies, foreclosures, price and rent trends and who knows what else.
Lets see when I was chasing foreclosures I was paying $200 for 500 leads. Which is a little high I know on the other hand these were all people that were 60-90 days late and came from a great source. This way I beat out all the other investors that bought the list at the court house.
I should see if my guy is still doing this 500 people is a ton of leads and he would do them by zip code, Price of the houses and Lien Position. He also could get me 30 days yet there was not a point in them 60% of those people would fix there problems.
Hi I’m looking for pre foreclosure of Santa Cruz Ca. Hope anybody comes forward to help. Thanks in advance. Nick Brian.
If you can make that contact give me a shout. I’m interested! :deal
I believe I can pull lists in AZ are you still in need of lists? PM me if you are.
You can get them for free from your county office. No need to pay companies for free information.
Hooking yourself up with the key foreclosure and short sale real estate agents in the region is essential, they can pull pre-foreclosures for you from public records and can assist with potential wholesale deals… many times if the relationship can be fostered they’ll give you the heads up on what you’re looking for.
You need to create a network that “comes to you”…