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Monday, December 16, 2013

Making Money With Full Time Real Estate Investing - Part 2

(This is the second part of my interview with Danny. You can read the first part here)

Finding Motivated Sellers...

Fast forward to the present and Danny has been steadily doing real estate investing deals for the last 10 years and he's been making a full time living at it. But the thing that most caught my attention of Danny is that he is not chasing foreclosures and bank owned properties like I was.

Since Danny started flipping properties before the recession, before there were distressed properties everywhere, he had to develope the systems to find properties that would make good investment sense. This basically means looking for motivated sellers. Finding homeowners that for some circumstance in their lives, need to sell the house even if it is at a steep discount from market values.