Record Foreclosure Rates Could Mean Cash in Your Pocket
With the mortgage crisis in full swing, homes are going into foreclosure left and right all across the country. In 2005 there were 850,000 foreclosures, with the number of foreclosures increasing every quarter.
All these foreclosed properties offer you a great investment opportunity. You can scout and buy homes in foreclosure, then keep them as rental properties and collect monthly checks from tenants. Or you can purchase foreclosed properties and flip them, renovating and selling the homes for a profit. The time has never been better to use the real estate market to your advantage.I was recently sent a free copy of a great foreclosure book by a real estate pro by the name of Denise Evans. Her book, The Make Money on Foreclosures Answer Book: Practical Answers to More Than 125 Questions on Investing in Foreclosure Property is a straightforward, easy-to-follow guide to making money from foreclosures.
A quick and authoritative reference, the book explains all the elements of the foreclosure process and reveals everything you should keep in mind as you deal with foreclosed properties. The Make Money on Foreclosures Answer Book answers the most common questions about working with foreclosures, covering such topics as:
Finding properties to buy
Borrowing money to fund your purchase
Determining your costs
Buying pre-foreclosures and buying at auction
Buying through a bank or the government
Tax and legal issues
Bankruptcy
Dealing with the property’s former owner
Written by a real estate broker and attorney with over twenty years’ experience making money in the real estate market, The Make Money on Foreclosures Answer Book reveals insider tips and strategies that will help you buy foreclosure properties safely and sell them to earn a profit. Check it out on Amazon to buy or read more about it.
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