With the housing bubble of the past few years bursting and interestrates on the rise, there has been an upsurge in the number offoreclosures across the country, creating many opportunities forprofit. But investing in real estate foreclosure[s?] can be a toughjob, especially when a negative stigma is attached. How do you makemoney while preserving your morals and trust?
Foreclosure Investing For Dummies shows you how to investin foreclosures ethically without being accused of stealing homesfrom “little old ladies.” This step-by-step guide helpsyou 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 asuccessful 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 theauction
- Buying property at an auction, from lending institutions, andgovernment agencies
- Repairing, renovating, and selling or leasing property
This book provides tips and strategies for refinancing yourproperty and maximizing your profits. It also gives you advice onhow to assist homeowners, have them work with you, and commonmistakes you should avoid. It’s time to go out and make themost of foreclosure investing, and with Foreclosure InvestingFor Dummies by your side, your hard work and devotion willbring tons of success!
About 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.
Table of Contents
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 ForeclosureProcess.
Part II: Laying the Groundwork for Maximized Profit andMinimized Risk.
Chapter 4: Building a Powerful Foreclosure Investment Team.
Chapter 5: Filling Your Foreclosure Tank with FinancialFuel.
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 BankruptcyProperties.
Chapter 11: Bidding for Properties at a Foreclosure Sale.
Chapter 12: Buying Repos: Bank Foreclosures and REOProperties.
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 InvestmentProperty.
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 withIntegrity.
Chapter 22: Ten Tips for Avoiding Common ForeclosureMinefields.
Appendix: Foreclosure Rules and Regulations for the 50States.
Most Helpful Customer Reviews
Leaves the reader trying to grasp complicated concepts with only a brief description of the subject matter. Compared to the book, far too short.
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
i've been locked out. At 0004 result two.
Provides a goof foundation of information to get you started in real-estate investing
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