The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know-Explained Simply

Waste of time

This book is not worth it there are many other books out there as they point out throughout the read. The book quoted many other professionals and how they did their foreclosures but you never really get any insight into why these two wrote this. There wasn't any new information in here!

1 out of 1 people found this review helpful.

You can make money in a tricky real estate market

If you hesitated about getting into real estate investing during the real estate housing boom, the new boom ¿ the one in foreclosures ¿ may be your chance to build wealth by buying forclosed real estate. This book is not for everyone. As a licensed real estate agent for eight years, I have seen people try to get rich quick using various schemes they have heard about on television or read about in books ¿ with little success. This method is no fly-by-night strategy and not everyone who would be able to invest successfully. Investors need ¿ at the very least ¿ good credit, some ready cash and a willingness to work hard and stick to the plan. Those who are able to take advantage of the foreclosure niche in the current buyer¿s market can create for themselves a life making income as a real estate investor. The authors wrote this book for the brand-new investor, including not only basic information on how to choose and invest in foreclosures, but current information on where and how to find and choose foreclosure properties, current real- estate and foreclosure laws from state-to-state and detailed information on what to expect during every step of the process. The are even chapters on how to rent your new property, if you choose to do so. While this book is primarily for investors, buyers looking for a home of their own will find this book filled with useful information. Foreclosed homes can be found at bargain prices and home buyers can use these same procedures to find the home of their dreams. Too many buyers, frightened by the headlines, are not taking advantage of a once-in-a-lifetime buyer¿s market to buy their own home. Investors will also find the real estate dictionary and extensive list of references extremely helpful if they plan (and they should) to continue to learn about investing as the foreclosure market changes. The authors do not pretend that making money by buying and selling or renting-out foreclosures is easy and they caution that in real estate investing, money can be made, or it can be lost. That attitude is what makes this book superior to most. If your plan is to buy foreclosed homes with no money down, no assets and no risk, then look somewhere else ¿ an good luck to you. But, if you are looking for a levelheaded approach to real estate investing in the current market, this approach is a winner.

1 out of 1 people found this review helpful.

invaluable to the beginning investor

As a ten-year mortgage industry veteran, I have led countless homebuyers through the purchase process. Lately, I have observed that these buyers, representing a cross-section of interests, are increasingly trending toward today's market patterns that is, they are overwhelmingly, logically, drawn toward purchasing the foreclosed property (difficult to avoid given the astounding number of them available). Yet foreclosures, though prevalent, present a unique set of challenges that, if unresearched, can result in the ultimate 'buyer beware' caveat. Enter Frankie Orlando and Marsha Ford's, 'The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures'. Geared toward the 'absolute beginner', this timely, relevant guide leads the prospective foreclosed home owner through all aspects of these specialty sales ... in much the same way I have led clients. From house-hunting to auction bidding to fixer-upper rehabbing, Orlando and Ford's work provides a straightforward, easy to read manual that includes in-depth financing option information and investment pitfall warnings in addition to money-saving strategies and tips. That this accessible, workbook-style guide is worth the investment is obvious in fact, 'The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures' might just be the beginning investor's ticket toward a successful and profitable real estate future!

A reviewer

The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know ¿ Explained Simply is the best explanation I have read for buying foreclosures in a long time. It starts off in plain English, crunches the numbers for anyone not sure if they can afford it and then gets straight into the how to. While I didn¿t take the author¿s advice of skipping around it is entirely possible to skip around chapters, reading what¿s most interesting first, before coming back thanks to the simply way everything is explained inside. Whether a first time buyer or a long time investor I think anyone would benefit from reading this book.

An Investors Jewel

Frankie and Marsha have truly put together a user friendly guide that examines the foreclosure process. For anyone looking to purchase a home or invest in the foreclosure market, this book is truly a gem. The book aims at helping investors take advantage of the foreclosure market. They point out the potential pitfalls and abundant gain that a foreclosure can bring investors. Homeowners would also benefit from reading this book. The book provides an insiders look at how the foreclosure process works and the way that investors can potentially save them before a foreclosure occurs. The best defense against foreclosure is knowing the tricks of the trade. The book is user friendly and well organized. Not to mention part of the proceeds are donated to a worthy charity.

Insider information on real estate investment

This book is a comprehensive guide to using foreclosures for real estate investing. It is written for the novice, someone with no previous experience dealing with foreclosures (including a complete glossary of terms at the end of the book). The authors describe foreclosures in full detail, outlining the benefits, ways to avoid pitfalls, and many avenues to locating property. The books explains why sellers are motivated to unload property, and how you as the investor, can take advantage of that situation. It describes the foreclosure timeline, and indicates where you can invest at each step. It takes you through every aspect of the process, including the preparation for your investment, evaluating the property, ensuring funds for the purchase, and maintaining the property once you have acquired it. It also helps the investor to make the most of the property, in terms of profit, once it has been acquired. This book is unique in that the authors try to prepare the reader for the psychological aspects of this type of endeavor. There is in-depth discussion of the person-to-person aspects of becoming involved in foreclosures. First, evaluating yourself as an investor, helping you to determine whether you have the time and people skills necessary to make the commitment. The authors emphasize that the investor must be comfortable talking to strangers, being persistent, and being prepared to talk with homeowners who might be in a state of mind that is not conducive to negotiation. They give the reader unwritten rules about talking with banks, and other sellers what you should expect and things to consider. Reader-friendly tables are included to highlight the key points in each chapter, and offer ¿next steps¿ and many useful links to websites for more information. The book includes an extensive list of resources and is a must-read for anyone interested in real estate investment.

A 'must read' for real estate investors

Newly released The Complete Guide To Locating, Negotiating and Buying Real Estate Foreclosures, What Smart Investors Need to Know¿Explained Simply is the basic text for anyone interested in learning how to enter the market of real estate foreclosures. With foreclosures at an all time high throughout the US, this is a ¿must read¿ for the new investor who wants to get in on the action. If your serious about learning the ins and outs of the this market and want to know how to to go about it, this book was written with you in mind. Comprehensive in nature, each section takes you through the entire process, giving thorough explanations, user friendly definitions and credible resources to get you into the loop. The reader will find everything there is to know about the 1, 2, 3's of buying foreclosure properties, with step-by-step instructions for Understanding Foreclosures, Locating Properties, Getting Connected, Looking at Details, How to Make it All Work, What to Do Once You Own the Property and best of all Building Wealth Investing in Foreclosures. Its strength by far is the consistency of information on how to make smart decisions throughout the process. Whether you decide to take the plunge or not, this is recommended reading for anyone planning to enter the real estate market as an investor.

Take advantage of the foreclosure market

The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures by Frankie Orlando and Marsha Ford offers a straightforward and simple explanation of the complex foreclosure investment market. Unlike get-rich-quick and 'pie in the sky' type programs, the authors outline the risks, caveats and hard work needed to profit from resale or simply get a great home deal in the growing foreclosure market. It includes a fabulous checklist to help you determine if it is the type of investment you would like to be involved in. A variety of subjects are covered including an overview of how foreclosure works, locating properties, obtaining funds and building wealth. Many online links throughout help direct you to information that will be pertinent to your location and there is a complete glossary to help cut through the mystery of those sometimes confusing financial terms. This book is a great starting point that covers all the bases, and is ideal for those who are interested in investing in foreclosures for profit.

Foreclosure Guide

Real estate foreclosures are one of the consequences of the present economy. By the very nature of foreclosures, opportunities are presenting themselves to those that follow the trends in the marketplace. The Complete Guide to Negotiating, Locating and Buying Real Estate Foreclosures is a great step-by-step instruction guide for navigating through the foreclosure market. The Complete Guide not only provides guidance to this sensitive market but also gives examples of real-world situations. The step-by-step instruction and practical advice educate you on how to understand foreclosures, find properties, evaluate the investment, and uncovering avenues for marketing. You¿ll learn how to discover the best deals on foreclosure properties before they go to auction and utilize available data to make the process simple. You¿ll also learn the role of the lender in the process as well as guidance as to what to do after the property is purchased. The business of foreclosure investing can provide a means to a great living. This book is a useful handbook for those interested in investing in real estate, whether you are a novice or a repeat investor in the foreclosure market. You will have access to a plethora of know-how, experience, and years of success. You will learn from people who have invested in this market segment. This book offers more than just ideas it offers practical advice that works in the real world. What¿s more, the publisher is donating a portion of their profits to the Humane Society, on behalf of the passing of their beloved office canine, Bear.

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