Re: shark bait

Posted by Jim V on February 19, 2003 at 02:38:25:

In Reply to: shark bait posted by damien on February 17, 2003 at 17:02:31:

Never used it, never will. My thoughts on it are:

Sharkbait requires you to provide current default listings and comparable sales information for it to work. So, if you are subscribing to a default service and have access to comparable sales, why do you need a computer program to show you deals? Obvious deals, like a computer program would point out to you, will rarely be good deals. All the competing investors in your area will also be aware of the obvious deals. Find a niche, either in location, property type or methods, you'll be much better off in the long run.

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Comments:
: Never used it, never will.  My thoughts on it are:

: Sharkbait requires you to provide current default listings and comparable sales information for it to work.  So, if you are subscribing to a default service and have access to comparable sales, why do you need a computer program to show you deals?  Obvious deals, like a computer program would point out to you, will rarely be good deals.  All the competing investors in your area will also be aware of the obvious deals.  Find a niche, either in location, property type or methods, you'll be much better off in the long run. 


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