Step 1 to Pre-Foreclosure Success

Step 1: Organizing Your Office

I have an easy nine step process for making great profits in the pre-foreclosure market. In this article, I'll focus on Step 1 and explain the remaining steps in upcoming articles.

Setting up and organizing an office used to be an expensive affair. That's no longer true thanks to today's technology. For a minimum investment, you can now set up a highly efficient and effective work environment. Here's a list of the basic equipment you need to get started:

* A computer-These days, computers are a bargain. You can buy one cheaply. However, it pays to get the latest model since the computer world is forever changing and improving itself. I'd recommend that you buy one that has a minimum of 1 megabyte of memory and will allow expansion for more memory. This is important because new software applications get larger all the time and become "memory hogs," which can slow down the computer While this may not be so important at the beginning of your career, it'll become so as you become more successful and the complexity of your investments increases.

* A good "office" software suite-you'll need software that includes word processing, accounting software, computer slide generation, etc. Microsoft Office is the most common suite, but there are other, cheaper applications available (WordPerfect Office, etc.). Often, the application comes with the computer you buy so make sure the office suite comes with the features you need. Eventually, if you move into other, more complex areas of real estate (multi-unit dwellings, commercial real estate, etc.), you'll want to buy software that's designed specifically for the real estate market.