The Great quest for equity

[Joshua Howaniec]

I have been driving for dollars in my neighborhood for a few days now to build up my list. How many of you go through the list to try to find low equity and high Equity homes? And, how important is it to you? I know that I am looking for distressed houses but I don't know that I should be sorting through the equity. Thanks in advance :-)

[Rick Pozos]

If you find a distressed property, find the owner. Talk with the owner for a few minutes and see if this may turn into a deal. I would not start to put limitations on your potential deals. When you have thousands of $$ to do marketing across the county or state, then you can put qualifiers on who you market to. Right now, try to get in front of as many people as possible and practice what you are saying to them, control your breathing, and work on looking and acting professional.

You will need to get in front of about 50 to 100 people before you can look really smooth and look like you know what you are talking about. Practice, practice, practice.

After talking with the owner for a minute or two, you will know if it may be a deal or not. You can choose to talk more and get more information or let them know this house will not work for you.