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ScubaDive,

I have a real estate agent I've worked with for the past three years in the Charlotte, NC metro area who identifies property for me that is currently in foreclosure or property with tax liens, etc. My suggestion if you want to get in this business and if you don't have a real estate agent that you normally work with is to honestly drive around, unfortunately foreclosures are hitting hard and you are sure to find some in your local neigborhood. The advantage of an agent is you get wind of good properties early, so if you have a good property with a low debt to equity ratio, tons of people like myself will jump on it quickly. The two properties I found in Athens were by honest luck, we were visiting friends, I saw the foreclosure signs on two decent looking properties, did two days of research and had the houses purchased within 4 weeks.

I am not an economist by any stretch but I see foreclosures rising well into 2009, and I see this credit crunch lasting through next year, so the advantage to someone like myself is two-fold. 1. I take advantage of great buys because there is a ton of home inventory available. 2. Renters are easier to find now that many people with "shaky" credit will find it more difficult to find home financing, increasing the likelihood they will remain renters.

Do you know how I can find out about foreclosures in advance? Before the sign is posted on the front lawn.

I know we have some in our network. Go to www.ceospace.biz and post it in the forum under NEEDS. Be specific.

That is a bit out of my area. However, I just had some work done on a remodel in Atlanta and used Two Brothers for painting and basic fixes. Not sure what other services they provide but they were on time, well priced and willing to handle whatever I needed. He said that he would travel to South GA to paint my new homes so Athens is much closer. Contact is Louis and his number is 404 438-0660. Good luck

Dodgen Const
Steve Dodgen
Fully Insured, Fully equiped
Southside location
404-488-1918