Investing In Pre-forclosures
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Kim Lee
Apr 22, 2013, 1:20:02 AM4/22/13
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Please consider this free-reprint article written by:
Kim Lee
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Article Title: Investing In Pre-forclosures
Author: Kim Lee
Word Count: 604
Article URL: http://www.isnare.com/?aid=219289&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=219289
Easy Publish Tool: http://www.isnare.com/html.php?aid=219289
*********************** ARTICLE START ***********************
Would you buy a house for $150,000 if you could buy the house next door in the same condition for $100,000? If you are a smart investor, I'm going to bet you wouldn't. If you are just beginning as an investor and need information, how are you going to get it and how much are you going to pay? THE SAME CONCEPT APPLIES! You can easily get a basic understanding of the stages of foreclosure, how to purchase property at each stage of the process and ways to obtain financing for your purchase for free or at a very nominal cost.
Many people want to make it in the real estate world but think they lack the funds or the credit. They stick to the nine to five job knowing it is safe and a guaranteed income. If they knew some simple tricks they could say goodbye to the daily grind by investing in pre-foreclosures. There is money to be made in this marketing niche. Many novice real estate investors make the mistake of trying to buy anything and everything on the market. The more experienced investor knows you need a marketing niche to succeed. Pre-foreclosures are one of the most profitable markets available. With so many homes facing repossession in today's market, homeowners are only to happy to sell their homes.
The foreclosed homes are ones offered for sale as REO's, or real estate owned properties. These properties usually hit the market by way of a sheriff's sale. The competition can be fierce and intimidating at these auctions. You can beat the competition to the punch by looking for homes which have not yet hit the auction block.The key to buying real estate is to find motivated sellers. There is no seller as motivated as the one who is losing their home. They do not want the banks breathing down their necks. They can not make the payments. They just want to get out from under the debt and go on with their lives. For someone to come in and say they can make the problem go away would be a blessing.
This is where you, the investor comes in. You can negotiate a deal with the banks to keep the house from going to the auction. The banks do not want to take back any home if they can help it. This gives you an edge. You can ask for discounts from the banks when negotiating these deals. Many of them are too happy to give them. As you become more familiar with what some of these discounts are, you can create more and more equity in the properties you rescue in pre-foreclosure. Banks know that were they to take back every property which is facing foreclosure, they would be out of business. These finance companies are under pressure to liquidate bad debt. They are willing to look at any deal to keep from having a bad debt on their books.
The equity you have by investing in a pre-foreclosure is substantially larger than any other real estate deal. This automatically gives you a positive cash flow. By re-selling the property you can achieve amazing results. The smart investor will invest in pre-foreclosures before any other marketable property because of the potential profit. By investing in pre-foreclosures you do not need a million dollar bank account and excellent credit. Although these assets can help, you can still negotiate deals without them. Researching properties can uncover many homes that are distressed. This is marketing niche that can yield thousands with only a few hundred dollars invested.
About The Author: Kim Lee writes on real estate Investments for http://www.rentinsingapore.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=219289
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Kim Lee
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=219289
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=219289
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Investing In Pre-forclosures
Author: Kim Lee
Word Count: 604
Article URL: http://www.isnare.com/?aid=219289&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=219289
Easy Publish Tool: http://www.isnare.com/html.php?aid=219289
*********************** ARTICLE START ***********************
Would you buy a house for $150,000 if you could buy the house next door in the same condition for $100,000? If you are a smart investor, I'm going to bet you wouldn't. If you are just beginning as an investor and need information, how are you going to get it and how much are you going to pay? THE SAME CONCEPT APPLIES! You can easily get a basic understanding of the stages of foreclosure, how to purchase property at each stage of the process and ways to obtain financing for your purchase for free or at a very nominal cost.
Many people want to make it in the real estate world but think they lack the funds or the credit. They stick to the nine to five job knowing it is safe and a guaranteed income. If they knew some simple tricks they could say goodbye to the daily grind by investing in pre-foreclosures. There is money to be made in this marketing niche. Many novice real estate investors make the mistake of trying to buy anything and everything on the market. The more experienced investor knows you need a marketing niche to succeed. Pre-foreclosures are one of the most profitable markets available. With so many homes facing repossession in today's market, homeowners are only to happy to sell their homes.
The foreclosed homes are ones offered for sale as REO's, or real estate owned properties. These properties usually hit the market by way of a sheriff's sale. The competition can be fierce and intimidating at these auctions. You can beat the competition to the punch by looking for homes which have not yet hit the auction block.The key to buying real estate is to find motivated sellers. There is no seller as motivated as the one who is losing their home. They do not want the banks breathing down their necks. They can not make the payments. They just want to get out from under the debt and go on with their lives. For someone to come in and say they can make the problem go away would be a blessing.
This is where you, the investor comes in. You can negotiate a deal with the banks to keep the house from going to the auction. The banks do not want to take back any home if they can help it. This gives you an edge. You can ask for discounts from the banks when negotiating these deals. Many of them are too happy to give them. As you become more familiar with what some of these discounts are, you can create more and more equity in the properties you rescue in pre-foreclosure. Banks know that were they to take back every property which is facing foreclosure, they would be out of business. These finance companies are under pressure to liquidate bad debt. They are willing to look at any deal to keep from having a bad debt on their books.
The equity you have by investing in a pre-foreclosure is substantially larger than any other real estate deal. This automatically gives you a positive cash flow. By re-selling the property you can achieve amazing results. The smart investor will invest in pre-foreclosures before any other marketable property because of the potential profit. By investing in pre-foreclosures you do not need a million dollar bank account and excellent credit. Although these assets can help, you can still negotiate deals without them. Researching properties can uncover many homes that are distressed. This is marketing niche that can yield thousands with only a few hundred dollars invested.
About The Author: Kim Lee writes on real estate Investments for http://www.rentinsingapore.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=219289
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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