Well, I just created my weekly forelcosure list. I'm still surprised that I haven't received a phone call yet from my letters... I paid special attention to the content, format, and how it is delivered. I expect to get some calls from sellers right before the trustee's sale.
This weekend, I plan to check some houses that I can do a twist on to create some equity. For example, there's a rehabed 1/1 house in the central area for sale. If I can add a room, I can create quite a bit of equity.
There is a local broker that is offering a short seminar on buying investment properties in Tucson. I am going to check it out this Thursday night. I don't plan on learning a lot, however, I want to get more educated on the new construction market.
By this weekend, I want to have my spreadsheets setup for calculating profits with developing. Actually, I did this last year, but I need to update the building and permit costs. Once I get comfortable with the numbers, I will know the approximate buying price I will need to reach my goals. This is a very competitive market for these type of investments right now, so I will need to act fast..