How To Make Money With Foreclosure Short Sales Plr Ebook

Table of Contents

INTRODUCTION 5
SHORT SALE BASICS 7
A LOOK AT THE SHORT SALE PROCESS 10
STARTING WITH THE LENDER 10
WORKING WITH A PREAPPROVED SHORT SALE 12
ADDING UP THE NUMBERS 15
HOW TO FIND POTENTIAL BUYS 18
GOING IT ALONE 18
HOW AGENTS CAN HELP YOU 20
WORKING WITH LENDERS 22
TIPS FOR HANDLING OFFERS 22
WORKING WITH REAL ESTATE AGENTS 24
HIRING YOUR OWN AGENT 25
MAKING SURE THE PRICE IS RIGHT 27
WHY YOU NEED AN APPRAISAL 28
THE IMPORTANCE OF HOME INSPECTIONS 29
OBTAINING PRELIMINARY QUOTES FROM CONTRACTORS 30
DEALING WITH FIXER UPPERS 33
HIRING CONTRACTORS 33
DON’T FORGET THE CURB APPEAL 35
STAGING FOR FASTER SALES 38
THE ART OF STAGING 38
HOW TO FIND A PRO 39
DOING IT YOURSELF 40
GOING FOR THE EXIT 42
THE BOTTOM LINE ADVANTAGE 45
CONCLUSION 47

Sample Content Preview

INTRODUCTION

If you’ve been following the real estate market at all with an eye toward getting in, you probably have heard that short sales are a hot way to get in and make a lot of cash in the process. While they were once a rarity, short sales are now a common tool used by lenders to get rid of proprieties with bad debt loans on them. This type of purchase takes advantage of an old adage that a penny saved is a penny earned. In this case, however, the pennies saved are those a mortgage lender is trying to recover to your potential benefit!

There are a lot of old adages that apply to real estate investing. Smart investors take many of these to heart. For example, striking while the iron is hot in this market can net buyers some incredible deals that can translate to very big earnings down the road. This can even translate into near instant returns on investment if a buyer plays the right cards. But, since it’s also true that money doesn’t always come (extremely) easy, if it’s your intention to make a bundle in the short sale market, you will have to do a little work. When the potential profits are explored, however, the elbow grease won’t seem all that bad.

Whether you are interested in short sales or not, the truth is the best time to buy with an eye toward investment is when the market is down. This means that prices will be, as well. The best way to buy property and take full advantage of reduced prices if often found in the short sale. This unique selling mode is one that gives investors an ability to purchase property at a fraction of its value so lenders can at least get a little return on their own investment and save themselves the trouble of having to manage property in an inventory that is likely already too large and cumbersome to handle.