A practical guide that helps you thoroughly research properties, so you know what you're getting into before you buy or bid on a property
With the housing bubble of recent years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosures can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust? Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from "little old ladies." When you approach the process in a fair-minded way, presenting homeowners with various options and offering a reasonable price for their home, you can walk away with your integrity intact--and potentially a reasonable profit, too.
This step-by-step guide helps you research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. If you're committed to success, dedicated to mutually beneficial solutions, can treat foreclosure investing as business, and you can talk to people, this book is for you, but it doesn't promise quick profits through minimal work. This book will provide you with invaluable information to become a successful investor, including how to:
- Identify opportunities and understand risks
- Obtain information, tools, support, and resources
- Locate properties prior to foreclosure
- Assist homeowners through the foreclosure process
- Acquire properties below market value prior to the auction
- Buy property at an auction, from lending institutions, and government agencies
- Repair, renovate, and sell or lease property
A hands-on guide with tips and strategies for refinancing your property and maximizing your profits, this book also provides advice on how to assist homeowners, have them work with you, and avoid common mistakes. It even contains an appendix that covers foreclosure rules and regulations. It's time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success
About the Author
Ralph R. Roberts is a seasoned real estate professional and foreclosure expert who buys, rehabs, and resells homes. Joe Kraynak is the author of more than fifty books, including Flipping Houses For Dummies.