Buying Homes In Foreclosure Auctions Plr Ebook

Table of Contents

INTRODUCTION 4
1 UNDERSTANDING THE FORECLOSURE PROCESS 5
WHAT IS IT? 5
LENDERS DO NOT WANT OWNERSHIP 6
WHAT THIS MEANS TO INVESTORS 6
2 WHO SELLS FORECLOSURES? 8
MORTGAGE LENDERS AND LIEN HOLDERS 8
FEDERAL GOVERNMENT FORECLOSURES 9
LOCAL GOVERNMENT 10
3 WHO SHOULD BUY FORECLOSURES? 12
KEY BENEFITS TO FORECLOSURES 12
Good Condition 12
Great Price 13
Plenty of Options 13
WHY ARE YOU BUYING? 14
rental Property 14
residential Property 15
House Flipping 15
4 BUYING AT AUCTION 17
ADVANTAGES OF AUCTION BUYING EXPLAINED 17
WARNINGS ABOUT AUCTIONS 18
THE AUCTION 19
5 INVESTING WISELY 21
INSPECTIONS 21
VALUE VERSUS COST 22
MONEY DOWN 23
6 FUNDING YOUR INVESTMENT 25
TIPS FOR BORROWING 25
OTHER SOURCES OF MONEY 25
KEEPING ASSETS FREE 26
WHO IS ON YOUR SIDE? 27
7 MAKING FLIPPING WORK 29
STEP 1: ESTIMATE REPAIR COSTS AND PURCHASE PRICE 29
STEP 2: DETERMINE MONTHLY COSTS 30
STEP 3: THE TIME INVESTMENT 30
STEP 4: MAKING THE SALE 31
8 IS INVESTING RIGHT FOR YOU? 33
COSTS 33
RISKS 33
HARD WORK 34
9 10 TIPS FOR SUCCESS 36

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INTRODUCTION

Foreclosure may be something you do not want to have anything to do with if you are the homeowner, but as an investor; it could be a sign of profit.

A foreclosure does not mean a property is in poor condition and is not cared for. It does not mean that the value of the property is less than what it would be if the home was being sold in a traditional marketplace. It does not mean you will have to spend a great deal or invest a lot of time.
What it does mean is that there is a lower price tag on this house because the lender wants to get rid of it quickly. If you are an investor, or hope to be one, there is no doubt that buying foreclosure properties could be the best investment that you make. The fact is, these are homes that have a sales sign on them, but the sticker price is simply lower.

However, not all foreclosures are the same. More so, not all properties that are foreclosures are worth your time and your money. Before you start investing in these types of homes, it is critical that you do your homework and prepare yourself for the options you have.

This book will provide you with some basic information about the foreclosure market as well as provide you with a look at some of the things you need to consider before you start investing.

Is foreclosure investing right for everyone? The answer to that question is no. This can be one of the best investments for many people, especially those looking for an easy way to build their investment portfolio in the real estate market. Nevertheless, to be a smart investor who turns a profit, there are several things you need to know. This book will guide you through that process.