It was slated to be a "Village" which was to include retail stores, condos, floating stage on the lake for concerts and so much more to surround the Westin 4+ star hotel.

After a while I was surrounded by several men, insisting on me telling them what I was doing here.

Where the land is near, if there is construction in the surrounding area, big city or rural, etc.It's always good to invest in land on the outskirts of big, growing cities, as the land value is lower than in the city but sooner than later the city will grow to encompass that land.

Well I had to go down there for something and found one of those pockets that is actually really good but surrounded by the not so good.

Sell to an actual end-buyer and take my assignment fee at time of closing.Side Note: If anyone has any comments about this strategy, please let me know, as I'm open for any/all suggestions.Now, here's my question...As a new, aspiring investor here in the Sacramento area, especially within the suburb where I live, and the surrounding neighborhood, there's been an influx of homes that have been foreclosed on, which the banks have bought back and have sent to their respective RE companies for resell.Would these REO's be worth my time going after, in order to hopefully wholesale and if so, what kind of reaction should I expect on submitting low-ball offers?

The surrounding homes that are similar in style are worth about 200k on the low end.

Wow I feel surrounded by Mile High Investors suddenly!

I have done some market research in the surrounding area and it seems the rents are on par with other properties.

For most new investors, the most difficult deal not only to find, but to pull the trigger on, is your first one.The best thing is to educate yourself and surround yourself with knowledge.

Include a description of the area - population, major employers, surrounding structures, and other important demographics.3.