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Buy Foreclosure Homes & Houses, Bank REO & Foreclosures
Literally tens of thousands of homes and properties are being repossessed by banks and government institutions and sold to experienced real estate investors everyday for less than half price. More than 1% of ALL residential property in the United States today is already in; or facing mortgage foreclosure soon. With a staggering 1 million plus homes being foreclosed on any given day, opportunities for buying
low-cost real estate foreclosures are plentiful in the world of real estate investment.
Every day, smart real estate investors are amassing vast fortunes buying foreclosed homes such as bank foreclosures, pre foreclosures, and foreclosure sales at foreclosure auctions for less than half their market value. Real estate investing is undoubtedly one of the quickest, yet safest way to create enduring, financial wealth. Once you combine methods used by professionals with a proven real estate investing strategy, you have a winning plan to make lots of money for yourself.
For the prepared individual, foreclosures give rise to circumstances for profit. Buying our real estate investing course gives you the essential, insider foreclosure information to acquire a foreclosed home safely and earn considerable profits from any distressed property situation.
Foreclosures: Opportunity For Real Estate Investment
There are 3 distinct windows of opportunity for house foreclosure investment, each having its unique advantages and degree of risk - pre-foreclosures, real estate auction / sheriff sales and bank REO properties.
Learning where to find real estate foreclosure, when and how to buy foreclosures, the best foreclosure stage for investment, how to research titles, as well as deciding if a property has potential for profit are all critical to success. Our real estate investment course discloses everything you need to know to purchase foreclosure properties successfully and profitably. |
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Locate Bank Foreclosures
Bank owned, or real estate owned homes (REO) represent one of the safest methods of purchasing foreclosures, especially since their property titles are practically always guaranteed.
Whether seeking safe investment opportunities, or a low price home residence, you can find bank foreclosure listings now. |
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Hard Money Lenders Sources
House foreclosure investing for most people will require funding. Included in both the CD-Rom and printed book version of our foreclosure courses, we provide private investor fund sources (with full contact information) who will loan investment money.
We can also present your loan application to an exclusive list of hard money lenders. These are short term loans evaluated on an individual basis of property improvements and merit.
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Where to Find Cheap Houses
Everybody thinks the best deals are only found in foreclosures, but that’s not always true. There is lots of money to be made in foreclosed homes but let’s not forget other types of cheap houses. Whenever a piece of real estate needs to be sold fast, for whatever reason, these properties are called distressed homes. All foreclosed homes are considered distressed homes because either the homeowner or the bank needs to sell the foreclosed property fast. In my opinion, the two best places to find cheap houses, besides foreclosure market, is the divorce and probate market.
Probate Real Estate
You can find great real estate deals in probates because when someone passes away, the decease’s inheritance is split up amongst his or her family and the inheritance almost always includes real estate which is referred to as a probate estate. Because family members want their money fast, they will almost always sell the probate estate or probate estates if it’s more than one property at less than market value just so they can get their money and run. Targeting probate estates is a great way to find cheap houses. If you are interested in buying and selling probate estates, you will need to locate and contact the estate executor who is in charge of selling off the probate estate. I recently sold a probate estate that I had purchased at $450,000, and made a whopping $352,240 profit.
Divorce Real Estate
Another great way to find cheap houses is by targeting divorce sales. Did you know that 1 out every 2 marriages in the United States ends in divorce? When a divorce occurs, usually the couple’s marital property needs to be sold fast and for less than market value because of a judge’s order to liquidate and divide a couple’s assets immediately. A new real estate investor can make lots of money by investing in divorce properties. I purchased the property that I live in for $760,000 and it is appraised at $1,550,000. This was a divorce property that I had purchased by targeting the divorce real estate market.
Tax Foreclosures
Tax foreclosures are real estate foreclosures that have been foreclosed upon by a municipality or city due to the homeowner’s inability to pay the real estate taxes on their home. If a homeowner does not pay their real estate taxes, the city will either foreclose on the property themselves or the city may sell the taxes in the form of tax liens to other real estate investors. These unpaid tax liens are called tax lien certificates. By investing in tax lien certificates, a real estate investor can either make 16%-25% return on their investment or foreclose on the property for less than 10% of the market value. It’s a win-win situation for a real estate investor.
My tax foreclosure course explains everything you need to know about investing in tax foreclosures. Tax foreclosure investing in my opinion is the best form of real estate investing. I consider tax foreclosures real estate’s best kept secret. Depending on the state, some states sell their unpaid real estate taxes to other real estate investors as tax lien certificates and other states conduct tax deed sales. Either way, real estate investors can buy tax foreclosures throughout the country. You will not be confined to only doing business within your state.
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Free Foreclosure Information & Consultation
Got a question about buying foreclosures homes? Purchase our foreclosures real estate course and receive crucial information direct from real estate investor / author Steve Maletos. Steve knows the strategies and shortcuts which can make you successful. Besides getting a complete investment system, you also gain a mentor at no extra charge! Steve's unlimited support and consultation is available only to students of his foreclosure course. Get FREE foreclosure consultation |
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