Researching and Locating properties

[BAC Properties]

Hello all,

I am currently in the planning and research stage of my ultimate goal of investing in real estate. I have been reading and making an outline of how everything should go. Nevertheless how does one begin researching or learning about the various areas they want to invest in?

Example: In my area, I want to start with a college town. How do I go about figuring out if the area is doing well or not? Is it economically sound to invest in that area?

Right now this is the only thing that worries me because I have no clue how to research the areas to determine if there is a profit there or not.

[James M.]

Honestly, I would recommend you jump into some bird dogging and get yourself a local mentor. Not only will it give you great experience in regards to what to look for in properties, but chances are people in your area would be more than willing to mentor you. It may sound odd, but it is really not that uncommon. See, if someone teaches you the ropes about how to find great investments, they can use you (and your newly-acquired skills) to help them find great properties to invest it. Then you get a cut of the profit (a.k.a 'finders fee') and they get a great investment: it's a win-win situation.

Definitely worth thinking about...