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Success with Foreclosures
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Foreclosed properties are generally the most motivated sources of all
investment Real Estate. However, there is a lot you need to know in
order to ensure your success with this type of investment Real Estate.
What You Need to Know First
A property becomes foreclosed upon when a homeowner falls
substantially behind in his or her mortgage payments or stops making
payments at all. It is a legal process in which the lender seeks to
recover the balance of the loan it made to the homeowner by forcing
the sale of the home. Some common reasons for foreclosure include
loss of job, death in the immediate family or severe illness of a family
member. Often times, these major issues impede on a homeowner’s
ability to make mortgage payments.
Everybody Wins
This is where you, the Real Estate investor steps in. You can actually
help a homeowner in this type of predicament. In these situations, the
homeowner needs to get out from behind this huge financial burden.
You provide the necessary relief by purchasing the home. The
homeowner is free of his or her investment, and you have begun to
create your own income stream. There it is—a win-win situation.
Create Revenue Fast
Foreclosed homes are a great investment vehicle for swift profit. You
can reap the financial benefits very soon after completing your deal.
First, you can wholesale the property by selling it directly to another
investor through assignment. With this strategy, you do not even need
to use any of your own financial resources. And, there can very often be
very little risk involved.
Alternatively, you can complete your deal with a double closing. This is
when you concurrently purchase and sell a property. You will realize
swift profit but not quite as much as you would without your middle
investor. However, with this strategy, you’re creating immediate revenue
for yourself and you never even really officially own the foreclosed
property in which you’ve just invested.
Finally, many times foreclosed properties are in need of some repair.
You can purchase the property and make the necessary repairs, and
thus very quickly increase its value. Then, you can sell the property for a
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About the Author: Dave Lindahl
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higher price. While, this method may take a little more time—maybe 3
or 4 months, you will realize substantial profit and put a lot more money
right into your account.
Success Can be Yours
There are great profit-building strategies specifically tailored to the
investment Real Estate of foreclosed properties. From identifying the
most lucrative markets for foreclosures and understanding the market
cycles relative to foreclosed properties to finding the best deals and
closing deals with little or none of your own financial resources.
David Lindahl is the Founder and President of the United
States Real Estate Investing Association. Starting with
very little money and a desire to change his and his
family’s lives for the better, Dave began his real estate
investing journey. Learn More About Dave
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As with all
investments, there is
always an element of
risk, there is a chance
of you losing part or all
of your investment.
You must always try to
get the best education
and practice safe
investing, no matter
which investment
vehicle you choose.
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