Moving to Des Moines

[Augustine Cherukunnel]

Hi,

I'm a somewhat experienced real estate investor who just accepted a verbal offer for a new job in Des Moines. My family and I are planning to move up there in the next month to 5-6 weeks or so. To that end, I'm looking at areas and believe I've narrowed it down to 2 main neighborhoods: Urbandale and Ankeny. 

Are there any agents on here who specialize in foreclosure or pre-foreclosure purchases? 

[Mitch Coluzzi]

Have you been to the Des Moines area in person yet? Out of curiosity, what is driving you towards Urbandale / Ankeny?

Most agents will not be capable of the pre-marketing required to capture the foreclosure / pre-foreclosure leads prior to the sheriff sale.  To be blunt, most folks (agents included) still will not understand the process once it reaches the sale. I would recommend hitting up the local networking groups!  The marketing budget and time required to effectively handle a true pre-foreclosure deal flow exceeds the benefits of a one-off acquisition, as such you will a team that has the budget available and the foresight to follow-through long term.

Towards the investor networking, below is a handful DSM based networking events through meetup.   I would encourage you to check them all out, meet folks, and get a feel for the market.

1. DSM Investor Meetup - 3rd Thursday monthly @ Ingersoll Tap -- Here's a link to that meetup page!
2. IAREIA also has a local chapter
3. over the summer there was a handful of AIM (Apartment Investors Mastery)
4. @Chase Keller hosts a meetup also but not sure on the frequency