I have always said that the best resource for new Michigan real estate investors who want to break into foreclosure investing is the network of existing real estate investors.

You know the people who are already doing it.

They are not that hard to find and most of them if they have been doing it for a while have an arsenal of good advice, contacts, deals etc that they will be sharing with you…

Only if you ask them nicely.

There are 2 way to run this business – one is to practice wholesale paranoia, practice a mentality off poverty which believes that there is ONLY SO MUCH to go around – money, deals, buyers etc.

Or you can run the other way and believe that there is more than enough for everybody to eat and live happily ever after.

If I was completely NEW to this business and lets say starting tomorrow in Sterling Heights – I would go and buy Detroit News, Oakland Press and Macomb Daily. I would also go to Borders and pick up a copy of the local Sterling Heights newspaper – you know the ones that get dropped at your house for FREE every Thursday – C&G Newspapers and Hometown Newspapers publish couple of dozen of these weekly local newspapers that get read simply because they get dropped at peoples houses.

So I would buy these newspapers and look at the Real Estate Miscellaneous / Real Estate Wanted / Flat for Income sections. These are the sections that most real estate investment ads traditionally run.

I would call every single one of them, introduce myself and ask them if they come across deals in Sterling Heights, if they know any good contractors, where they are looking to find deals just in case if I find any deals to send them there way.

Are you getting the point?

You cannot swim in the ocean and ignore the rest of the fishes. For every landlord trying to unload some property – he or she probably ahs another 3 that he will run an ad three weeks from today. They all have contacts, experience, and stories to share and tell.

All you got to do is call.

Flying to a bootcamp in Arizona and hanging out with bunch of investors from Colorado is not going to help you.

Adding 5 investors from Sterling Heights might help you a lot more.

Whether you live in Grand Rapids, Ann Arbor, Detroit, Sterling Heights, Lansing or Holt Michigan – you should know who the players are; you should talk to them and they should be talking to you. Not another group of newbies – because that is self defeating.

You need contacts who are playing the game already. In the trenches. Every city in Michigan typically has couple of these. You need to find out who they are.