Where exactly are you looking?
The best way to identify pre-foreclosures is to ask yourself very specific questions about criteria, as specific as the exact building and the exact property that interests you. Then...
Begin a campaign that places you ahead of the failures in that building - that does not mean stick an ugly yellow sign with an 800 number at the entry to the garage that asks desparate people to call your 800# with a pre-recorded message stating that you buy condos for cash.
The power of a good business person is in the authenticity of their stories. Direct, impactful human contact will get you leads.
You could always try robo-calling 10,000 phone numbers if you disagree with the authenticity of my premise.
A frequent marketing AND prospecting campaign that reaches out to those who may need you is the way to go. That starts with a business plan, specific criteria and terms that are sensible and attractive.
You can buy broad access to pre-foreclosure data, but the best investors choose a hyperlocal target market.
For that matter, the best long term investors don't buy condos.
If you buy an under market condo right now, then you are a speculator.
We have years and years worth of new and resale condo inventory, and a lack of demand.
Wallace, get your real estate on.
Once you've defined the criteria and the terms, your network is crucial.
I don't know about you, but your network for condos probably doesn't have a lot of depth in Suwanee.
There are a couple of ways to located them:
1. Through a real estate agent
2. From your local title company
3. From the county records department
You will have mix of single family and condo's.
Cindy Korstad ~ Broker