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SuccessfulOffice Weekly Articles
Foreclosure Investing
* Foreclosure Investing Can Be A Wonderful Source Of Profit &
Bargains!
* Over 1 Million People Face Foreclosure in The United States Every
Day!
* 1,000's Of County, State And Government Auctions Are Held Daily!
The numbers are staggering! Foreclosures are a nationwide epidemic!
In some areas of the country, you will see more foreclosures than
others.
You need to learn how to be able to locate great deals for profit by:
* Flipping
* Wholesaling
* Holding
* Renting
* Lease Optioning
As a professional investor, you need to learn to actively research
bargain-foreclosed properties during:
* The Pre-Foreclosure Process
* The Foreclosure Sale (Auction, Sheriff, Or Trustee Sale)
* The Real Estate Owned Process (REO)
You will also need to learn how to farm out foreclosure leads before
they get to legal publication.
Farming foreclosure leads is a simple process of:
* Locating Fertile ground (Researching your most profitable area)
* Tilling and planting seed (Marketing your foreclosure campaign)
* Harvesting (This is where your profit comes from)
The secret to foreclosure investing is simply knowing how and where
to locate them. It can be difficult to locate and execute the
purchase if you do not know what to do!
The potential for profit is great if you invest with wisdom!
Why Invest In Foreclosures? Because Foreclosures are at an all time
high, Because of High instant profit margin for the well trained
investor. You can buy at steep discounts: pennies on the dollar,
Because The future trend is up ... up ... up ... due to:
* Adjustable rate loan
* Equity loans
* Balloon notes
* Unstable savings and loan industry
* Uncertain economy - layoff, etc.
* Divorce rate is high
There is always a steady inventory of new properties.
The Foreclosure market is a little understood or worked market.
Minimum information is available to the uninformed public.
* Sellers are motivated.
* Most people do not understand the process.
* Some properties can be purchased for little of your own money.
* Banks do not want property back or want to dispose of property as
soon as possible.
Foreclosure Investing is not getting rich over night, but over the
long term and in as little as 5 years you can and will be financially
well off from investing in foreclosures if you learn how to do
foreclosure investing correctly.
Foreclosure properties can be a good place to invest for exponential
growth or loss without a proper education.
You will find some deals for little to no money down, but potential
investors should take precautions as foreclosed properties can
involve significant risks if investors fail to properly evaluate the
background, market value, market time, cost of repairs and holding
cost of a potential foreclosure deal.
I suggest a simple process of building wealth as a Foreclosure
Investor:
Purchase 3 Foreclosure - Flip 2 - Hold 1
Investors have various ways to invest in foreclosure properties.
The Number 1 Way is to:
* Purchase
* Fix It Up
* Rent It or Lease It Out
* Creating a positive monthly cash flow
As an investor, you then become a landlord, with all the
responsibility of an investment property owner.
This is a great way to build wealth using "OPM" Other people's money.
Your customer pays your mortgage payment!
You create a positive cash flow (The difference from your mortgage
payment and the rent payment).
Your property value increases every year from property appreciation.
You get all the tax benefits of owning investment property.
The Number 2 Way is to:
Seek out foreclosures or "handyman" specials
* Buy them
* Fix them up
* Sell them at or near retail
* Taking -- a profit -- once the house is sold
The Number 3 Way is to:
* Purchase a foreclosure under market value
* Wholesale it out to another investor for a profit
You can download my free foreclosure guide and the Investors
Yellowpages ebooks both for free as my gift to your success. at:
http://jmichaelrei.com/html/foreclosure_investing.html
To your success,
John Michael
Copyright 2005 JMichael Investments
*****************************************************************
About the Author: John Michael is an active Real Estate Investor
and Coach.
Real Estate Investing Site at:
http://jmichaelrei.com
FREE Investing Club:
http://stealth.thecreativeinvestor.com
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