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Foreclosure Investing For Dummies

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Overview

With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused ...

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Overview

With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

  • Identifying opportunities and understanding risks
  • Obtaining information, tools, support, and resources
  • Locating properties prior to foreclosure
  • Assisting homeowners through the foreclosure process
  • Acquiring properties below market value prior to the auction
  • Buying property at an auction, from lending institutions, and government agencies
  • Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

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Product Details

  • ISBN-13: 9780470122181
  • Publisher: Wiley
  • Publication date: 6/5/2007
  • Series: For Dummies Series
  • Edition number: 1
  • Pages: 384
  • Sales rank: 293,477
  • Product dimensions: 7.37 (w) x 9.12 (h) x 0.82 (d)

Meet the Author

Ralph R. Roberts is a seasoned real estate professional and foreclosure expert who buys, rehabs, and resells homes.

Joe Kraynak is the author of more than fifty books, including Flipping Houses For Dummies.

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Table of Contents

Introduction.

Part I: Prepping Yourself for Foreclosure Success.

Chapter 1: Wrapping Your Brain around Foreclosure Investing.

Chapter 2: Getting Up to Speed on the Foreclosure Process.

Chapter 3: Picking Your Point of Entry in the Foreclosure Process.

Part II: Laying the Groundwork for Maximized Profit and Minimized Risk.

Chapter 4: Building a Powerful Foreclosure Investment Team.

Chapter 5: Filling Your Foreclosure Tank with Financial Fuel.

Chapter 6: Networking Your Way to Foreclosure Success.

Part III: Creating Win-Win Situations in Pre-Foreclosure (Prior to Auction).

Chapter 7: Discovering Homeowners Facing Foreclosure.

Chapter 8: Building a Property Dossier.

Chapter 9: Contacting the Homeowners and Lenders.

Chapter 10: Analyzing the Deal and Presenting Your Offer.

Part IV: Finding and Buying Foreclosure and Bankruptcy Properties.

Chapter 11: Bidding for Properties at a Foreclosure Sale.

Chapter 12: Buying Repos: Bank Foreclosures and REO Properties.

Chapter 13: Finding and Buying Government Repos.

Chapter 14: Banking on Bankruptcies.

Chapter 15: Sampling Some Other Foreclosure Strategies.

Part V: Cashing Out Your Profit . . . after the Sale.

Chapter 16: Assisting the Previous Homeowners Out the Door.

Chapter 17: Repairing and Renovating Your Investment Property.

Chapter 18: Cashing Out: Selling or Leasing Your Property.

Chapter 19: Checking Out Other Cash-Out Strategies.

Part VI: The Part of Tens.

Chapter 20: Ten Common Beginner Blunders.

Chapter 21: Ten Ways to Maximize Future Leads by Acting with Integrity.

Chapter 22: Ten Tips for Avoiding Common Foreclosure Minefields.

Appendix: Foreclosure Rules and Regulations for the 50 States.

Index.

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Customer Reviews

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( 5 )
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Sort by: Showing 1 – 4 of 5 Customer Reviews
  • Anonymous

    Posted May 12, 2008

    Bought two properties in last year with advice from this book...

    Hi. My name is Michael Maher. After reading Foreclosure Investing for Dummies, my wife and I purchased two properties using the exact step-by-step process outlined in this book. One home was county appraised at $205,000 and we purchased it for $147,800. After $12,000 in repairs, we still had over $40,000 in equity. On the second one, we got much smarter. We purchased another home that had appraised at $210,000 (in the #1 school district in the state) for $180,000. We paid no money out of our pocket and over $20,000 in repairs were financed which means we had a perfect house with $30,000 in equity and we didn't spend a single penny of our own money. Plus, with the loan money we finished the basement and added a bath increasing the value of the home. Thank you Ralph Roberts and thank you Foreclosure Investing for Dummies. I've read all the books and even been to seminars, but I guess I needed it written in Dummie language before I could make it happen. Michael

    2 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted March 17, 2012

    Unfortunately Abridged

    Leaves the reader trying to grasp complicated concepts with only a brief description of the subject matter. Compared to the book, far too short.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted February 6, 2013

    Fe

    Go to our book

    0 out of 2 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted May 15, 2010

    Very informative

    Provides a goof foundation of information to get you started in real-estate investing

    Was this review helpful? Yes  No   Report this review
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