My regards to the community, I would be seeking your advice on some matter. I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits. I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.
The first thing you should do is visit the foreclosure forum on this website. You may get a better response to your question if you post it in a forum focused on the specific niche that relates to your question. While you are there, read all the posts in the forum.
Secondly, you need to ask specific questions that can be answered in a short paragraph. You are saying “Tell me everything you know…”. It would take a book, maybe more than one, to give you a thorough answer. As a matter of fact, several books have been written that address foreclosure investing. There are home study courses sold at this site that also address foreclosure investing. No one is going to give you an exhaustive answer to such an open ended question in a discussion forum such as this. Perhaps a trip to the library is in order.
Foreclosures are a good way to earn money and when you invest in the market, you should have proper understanding about the scenario of the market. There are many things that come into account before considering investments and in my opinion having a good realtor can be a better option.
Modified due to rules violation
I’ll second what Dave has said and add that in a nut shell, foreclosure investing is buying properties on the cheap, either pre or post foreclosure. You make money by flipping to another investor or rehabbing and selling to the end buyer.
Hi Guys,
Thanks for informative posts.
I didn’t know exactly about the foreclosure in real estate investing.
Thanks… 