Many of America's greatest fortunes were made by investing in real estate. One way to make instant profits is buying foreclosures.
Foreclosures are hot, and you can gain big profits-- if you know how.
Now's your chance to discover:
Are you ready to learn and earn? Millions have been made in real estate, isn't it time you made yours?
This book is written from hands-on experience and offers the reader knowledge, information and contacts to help you start, or expand, your business.
90 pages.
Excerpt:
Sometimes investors that do not perform the necessary homework prior to purchase get in over their heads and need to be bailed out. A lot of investors prefer to use Hard Money loans (Private loans from sources other than conventional mortgage companies; often located through networking with other investors, Realtors, settlement agents or mortgage brokers) to purchase and/or renovate properties. If they are unable to perform on the loan the Hard Money source may not have the desire to spend the time or money involved in foreclosing on the property. They may decide to contact other investors, whom they have established relationships with, to see if there is an interest in purchasing the property and assuming the loan or creating a new hard money loan for the purchase. This type of pre-foreclosure is particularly attractive because the existing loan amounts will normally be much lower than the market value of the property. You, as the investor, have the opportunity to strengthen the relationship with the hard money source and help a fellow investor out of a bad situation in the process.
Do not be shy expressing to the Hard Money sources of your ability and desire to possibly purchase properties that are in default. The Hard Money source will likely view your assistance as an aspirin for their headache. You might be surprised by how many properties can be gained from this source.
Why wouldn't the hard moneylender act on the opportunity and purchase the properties, as opposed to tipping you off to where the gold is hidden (where the pre-foreclosures are)? Two very good reasons:
1. It is much easier to tell someone that the opportunity is available than to actually act upon it. Human nature is to take the safe, easy way out. Thus there are more people in the world who voice their opinion about how things should change instead of acting to make the changes, than there are willing to take the risk to bring about change.
2. They are good at what they do, whether it is extending loans, brokering loans, appraising property or conducting settlements. It is what they excel at; feel comfortable with and want to devote time doing. The thought may pass through their minds "Gee, I could take advantage of this opportunity and buy this property," but most will not act upon it. Some, radically different from the norm, may actually venture out to unknown territory and act upon the opportunities that lie in front of them, but most will not.
You, as the investor, are good at negotiating the purchase
and repairs of the properties, and discovering ways to earn a
profit from your efforts. Let them do what they do best, you do
what you do best, and use the relationships established to gain
leads on properties in default prior to foreclosure and prior
to being listed for sale.
$14.95 + $4.00 s&h=$18.95
Author
Rob Beeman started investing in foreclosures in 1996 and has learned
through "The School of Hard Knocks" the best methods,
techniques and sources to turn real estate investing efforts into
profits. He has put his experience with foreclosures into print,
in an easy-to-read format, to save others time and assist them
with their goals of making money with foreclosures.
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