Here’s a real estate “trick” that might seem confusing, yet when you dig into it, you’ll realize a whole new world of opportunities — and money-making. Are you ready? When you’re looking for a good piece of investment real estate, look for and buy the worst house in the best neighborhood. Read that again. Ask […]
The biggest challenge for real estate BWBs (Beginning Wealth Builders) is the down payment needed for their first property. So if a BWB starts with a low-cost property (say $50,000–not $5-million), it’s much easier to borrow the down payment. For instance, if you need 10% down, that’s $5,000 for the $50,000 property, but $500,000 for […]
Today’s “Get Rich in Real Estate” seminars focus on foreclosures and variants like probate properties, repo homes, and ‘ugly houses,’ with emphasis on getting early information and flipping for profit. There’s growing availability of foreclosure properties and many online sources provide listings and auctions, along with necessary how-to guides and state-specific rules. These sources offer comprehensive databases, and some promise significant discounts on bank-owned properties. It’s crucial to inspect these homes thoroughly and understand the varying foreclosure laws by state.
If you attend a “get rich in real estate” seminar today, chances are good it will cover one or more of these topics, all related to foreclosured properties: THE KEY TO FINDING GREAT FORECLOSURE real estate deals is to get early, inside-track information on properties available for purchase. When you can find such properties before […]
