My neighborhood is a goldmine
I'm kinda skeptical about posting this. I'm not sure how many of you will take this. In my neighborhood(middle class suburb). There's a bunch of foreclosed homes ranging from $15,000 to $40,000. I want a piece of this. I want to own rental properties or either rehab them a little and resell them. I think it's big money here but I don't know where to begin. I have some money to play around with but I would like to have a few investors as well. How can i find people who are willing to invest? Craigslist? Here? I want investors now because I know when the market recovers we'll be sitting on a fortune...I am kinda skeptical about having partners as well because everyone has a different agenda and a different outlook on things.
There's so much money to be made here....Just need a plan to get it. If I were to purchase a 17k home...cash...split 50/50 with a partner. I could rent the home for $850 per month. split that with a partner or 2...maybe im getting ahead of myself...I dont me to ramble..but I just got done browsing these homes. I wanna get into it but I cant do it by myself.
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Ed Sunderland
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