Delegating Property Searching

[Robert Brown]

Your opinion please!

My recent strategie has been to delegate as much property reseach as possible to real estate professionals, and other sources. I have found that I can cover more areas that way than if I were to do it all my self.

As for delegating to real estate professionals, I have different agents in different markets keep and eye on bank owned reo lists for forclosures, county default lists for short sales, the mls obviously (although most of the good stuff is gone by then) and the market in general. I tell them that I have "unreasonable expectations, it needs to cashflow well" so they don't keep sending me crap. Would you suggest any other "lists" or materials to keep an eye on?

The only downfall is that real estate professionals are usually working with several investors at a time so who knows if I am the one they will call when something good comes up.

What are your thoughts? I am I on the right track? Thanks for all your suggestions!

Robert B.