This book is a beginner to moderate book. A seasoned investor will get little out of this book. At first the examples were kind of annoying but then they started to really help with the explaining. This is an excellent foreclosure guide and possibly one of the best books on real estate I've read, very well written. Skip to main content. About this product.
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New other. Make an offer:. Stock photo. Brand new: lowest price The lowest-priced brand-new, unused, unopened, undamaged item in its original packaging where packaging is applicable. Buy It Now. Add to cart. Make Offer. There compassion is what sets them apart from all the gurus out there. See details. About this product Product Information The key to making money in real estate is finding motivated sellers.
Making Big Money Investing In Foreclosures Without Cash or Credit, 2nd Ed. – katieskrazysavings
Financial trouble is often the single biggest motivator. From finding properties in foreclosure, to negotiating with sellers in financial distress, to reselling the properties to realize healthy profits, Making Big Money Investing in Foreclosures without Cash or Credit is a comprehensive money-making guide. Best-selling authors Peter Conti and David Finkel pull all the steps together into a seven-step action plan, so that investors can apply what they have learned and start making money. Additional Product Features Dewey Edition.
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Show More Show Less. Also, while a home inspection might pay for itself in a regular sale, banks are less likely than traditional sellers to lower the purchase price or make repairs. This work always seems to cost more than you think it will.
Eliminate any comps with extremely low prices. Banks will expect to see a preapproval letter with your offer. Taking this step will put you ahead of the pack if other bidders are less prepared. In a typical sale, the seller might make any repairs your bank requires. Foreclosures are different.
One of the only ways to get around the catch of lender-required repairs is to use a k loan from the U. Department of Housing and Urban Development. If you will occupy the property as your primary residence, you can use this program to finance a fixer-upper with one long-term loan. The money comes from a traditional lender, but HUD guarantees it will be repaid, making it easier and cheaper to obtain.
Tips for Buying a Foreclosure
Skip to primary navigation Skip to content Skip to footer 7 Tips for Buying a Foreclosed Home Deals on foreclosures are still out there. Before you do, follow these — Tips for Buying a Foreclosure Inspect the house yourself. Use a real estate agent. Evaluate what it will cost to make the home livable. Learn what similar homes are selling for.
Read Making Big Money Investing In Foreclosures Without Cash Or Credit, 2Nd Ed.
Bid competitively. Line up your financing in advance. Understand the financing restrictions on foreclosures. But k loans come with lots of red tape, and not all lenders offer them.