networking for foreclosures

[YA BOY]

Ok, board....for the last 3 months I have been looking to buy foreclosed homes and hold them and rent out to section 8.

Here is my problem....... I feel the best properties are being snatched up very very fast. I get the feeling that there is someone working in the bank who has a relationship w/ an investor and getting them the bid.

I am not complaining I just want to know how to get in that game. Where do these guys hang out at? There has to be a better way than just waiting on a foreclosure list from the REO agent or using the net.

Thanks in advance,

 

[cstepwat]

Foreclosures are public record. Hang out at the courthouse and check-out the default lists. You may be able to snatch the property before it even goes into foreclosure.

I've even seen some investors rent the property back to the family being foreclosed. Also there used to be a service that you can subscribe to that will automatically alert you when someone in a particular county goes 60 or 90 days past due in their mortgage.

Try to google it.