July 4, 1995, ten years ago, if you wanted to find and deal Michigan foreclosures, this is how it looked like:
1. You could not go online and look at the SEV for any Michigan real estate.
2. You could not run a $136 advertisement that ran for 30 days and get 197 wholesale investors within 30 days to whom your can sell Michigan real estate.
3. You actually had to “show” prospective buyers your homes because there were no virtual tours of your properties that could be uploaded on a website.
4. You had to carry business cards with a phone number and a fax number instead of a just a website URL.
5. You had to go and do some serious legwork to find out who the top REO realtors in your Michigan county are?
6. You would need a “real office” with a phone number, phyical address and may be a full time employee if you wanted to get private money.
7. You had to drive up to your conty every Friday or every month to buy a foreclosure list.
8. The only way you could find out the lien information on any preforeclosure is to actually drive to your Michigan county office, learn how to use their microfilm system and then peer through a really small lens.
9. You had to find buyers for your deals who actually had “down payment money” to buy their houses from you.
10. You had to learn how to buy and deal foreclosures from infomercial products which were taped somewhere in the 1970’s.
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