Posted by Kevin (MI) on March 11, 2004 at 08:06:11:
This is the song that never ends… its goes on and on my friends!!!
Quick Question - Posted by Mark
Posted by Mark on March 10, 2004 at 10:11:46:
Does the size of an area determine the probable success of being a real estate investor? I live in a town of about 12,000 people. The next biggest city is just about an hour drive and is over 200,000 people. It seems to me that the larger the area the greater the number of houses available to buy. What?s your take on this. . .
Re: Quick Question - Posted by Tom-FL
Posted by Tom-FL on March 12, 2004 at 20:48:45:
Ponder this.
I live in the greater Miami-Fort Lauderdale area. I think the population count is around 6 mil for the two counties, or more.
The local Fort Lauderdale paper has almost a full column of “WE BUY HOUSES” ads. There are 6 or 8 local investor clubs operating. You have to check your calendar to find a night when there is NOT a meeting (or two). There are several outfits who advertise “WE BUY HOUSES” all day and all night on the TV and radio. You can pull over to the side of many major thoroughfares in either county and just gaze ahead. You’ll find you can see at least 5 HomeVestor billboards.
Am I comfortable with this? Or would I be happier if I was the only game in town?
A woman posted recently that she lives in some little podunk town and she put a “WE BUY HOUSES” ad in the local daily, and the phone rang off the hook. No one had ever seen one before. They were all sitting on these houses and had no idea what to do with them. Add to that her ad cost in the town daily was about 2% of what I’d pay here.
I think she was doing ok.