CNN’s series Tycoon in the Making features [tag-tec]Ted Theodoropoulos[/tag-tec], a young investor who works as a bank vice president by day.
Ted gives a quick summary of [tag-ice]foreclosures[/tag-ice]. He hits the nail on the head when he talks about the #1 problem with [tag-self]foreclosures[/tag-self] which is inspecting the property.
Only with a good inspection will you know exactly how much cash you will have to put into that property. A lot of investors miss that point.
I think it’s important to read as much as you can. Saturate yourself with the success stories like Ted’s.
People are out there doing it. This is not hype.
You will also find out what works and what doesn’t work, without making all the typical expensive mistakes.