Title:Foreclosure Investing: Tips For Making Money Off the Foreclosure Market
This presentation will show how foreclosure investing can reap thousands of dollars in profits. Homes purchased up to 60 percent below their market value can be sold at or near market value with some minimal to moderate repairs and modifications. For additional information on foreclosure investing, visit ForeclosureDeals.com. – PowerPoint PPT presentation
Title: Foreclosure Investing: Tips For Making Money Off the Foreclosure Market
1 Foreclosure Investing
Tips for making money off the foreclosure market
2 Foreclosure Investing
Foreclosed homes can be purchased for up to 60 percent below their market value. With some modifications these homes can be resold for near or at market value giving you a sizable profit.
Even more profits can be made by buying distressed properties in need of repair fixing them up and selling them back into the real estate market.
3 Foreclosure Investing
Foreclosure Investing is an easy way to make thousands of dollars fast.
Investors who are particularly handy can make a lot of money by buying repairing and reselling fixer upper homes. Even investors with little to no experience in home repair stand to make big bucks.
The key to making money through home investing can be achieved by following some basic steps.
4 Tip 1 Pre-Qualify for a Loan
Unless you plan on buying foreclosures entirely in cash you will likely need to take out a home loan to afford a foreclosed property.
If you are able to pre-qualify for a loan it greatly improves your chances of making a successful bid.
In a judicial foreclosure state where a lis pendens is involved you may be required to prove your ability to pay before the sale can be finalized.
5 Tip 2 Research Neighborhoods
Many foreclosure investors assume that its best to buy the nicest house in a bad neighborhood. This is a huge mistake because the poor quality of the surrounding homes will drive down the value of the property.
Meanwhile buying the worst home in a nice neighborhood will bring up the value. Once youve renovated the property the value will only continue to increase.
6 Tip 3 Research Foreclosures
If you plan to buy auction homes attend an auction as a spectator first so you know what to expect.
If you plan to buy REO properties form a relationship with lenders that list REOs.
If you plan to buy foreclosure short sales contact the homeowner and/or seller named in each listing to ask questions about the property.
7 Lets Review
Try to pre-qualify for a home loan to increase your chances of making a successful bid on a property.
Research foreclosures and the value of the homes in the surrounding neighborhood.
Learn local foreclosure laws and become familiar with foreclosure buying methods.
8 For more Information http//twitter.com/fcdeals http//www.foreclosure deals.com/wp/feed/ http//www.linkedin.com/compan y/foreclosure-deals http//www.facebook.com/Forec losureDealsFanpage http//www.foreclosuredeals.com/
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