The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Marketby Frankie Orlando
pre-foreclosed homes in any market. You will
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The Pre-Foreclosure Real Estate Handbook explains everything you need to know to locate and purchase real estate bargains from banks, public auctions, and other sources. Whether you are a first-time homeowner or an experienced property investor, The Pre-Foreclosure Real Estate Handbook is a tremendous guide for buying
pre-foreclosed homes in any market. You will learn the simple formula (developed from real-life experience) that can build massive wealth through real estate foreclosures.
The Federal Reserve Bank indicates “....that foreclosed properties average 22% less than typical properties.”
Home foreclosures are at their highest peak in years; you can be one of the thousands earning six-figure incomes in this lucrative segment of the real estate marketplace. You can do this part-time or full-time. Learn how to
buy directly from property owners whose mortgage loans are in default and stay away from courthouse-bidding feuds. With the help of this new book, property investing can be a very lucrative line of work. You will learn how to identify the most valuable properties and control every step of the procedure.
We spent thousands of hours interviewing, e-mailing, and communicating with hundreds of today’s most suc- cessful real estate investors. If you are interested in learning hundreds of hints, tricks, and secrets on how to make money (or more money) investing in real estate foreclosures, then this book is for you!
The Pre-Foreclosure Real Estate Handbook is the resource for novices and pros alike; it will guide you through every step of the process including finding properties, negotiating, and closing on your first deal. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies and case studies from experts to help you get more with less time and effort.
- BN ID:
- Atlantic Publishing Group, Inc.
- Publication date:
- Sold by:
- Barnes & Noble
- NOOK Book
- File size:
- 10 MB
Most Helpful Customer Reviews
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If you¿ve ever thought about the possibility of purchasing a property that falls under the foreclosure category, whether to live in yourself, or as a investment property, but thought that it might be too complicated, this is a great book to read. It takes you right from the beginning of what foreclosure is, to how you can make a lot of money from this kind of property deal. The book states ¿Reading one book will not turn you into a foreclosure investment specialist.¿ However this book will tell you what you need to know in order to explore the possibility further. It will help you identify if you have the right skills and aptitude to weave a path through the real estate foreclosure waters, and explains in very plain terms what it all means ¿ whether it¿s how to contact the property sellers, or what to do with the property once you¿ve purchased it. Apart from the easy to follow general foreclosure investment information that the book contains, there are two strengths to this particular book. The first is in the very easy to understand glossary that gives easy to understand definitions of the various terminology terms that anyone just starting out as a property investor may find off-putting. This makes the official documentation associated with real estate much less complicated to understand. The second strength in this book is in the list of additional resources that would-be investors can explore in order to ensure that this is the best way for them to invest their money. This list includes resources on where foreclosures can be found, where to network with other property investors as well as nuts and bolts such as legal and marketing information. Overall ¿The Complete Guide to Locating, Negotiating and Buying Real Estate Foreclosures¿ may not be the only guide you need in order to make your investment capital grow through the foreclosure market, but it is certainly a comprehensive guide that will answer many of your questions, as well as point you in the direction of where to go next for further information.
I had never really thought that investing in foreclosure properties was something that I, a normal working middle-class person could do. Sure, I¿d watch the infomercials and wish that I had the income and nest egg to allow me to invest in real estate, but I never gave it serious thought. I didn¿t think it was possible. After reading this book I know it¿s not a matter of ¿if only I could¿ but more a case of ¿when I find the right property.¿ One thing that struck me as extremely useful was the detailed amount of background and information the book provides. The process of foreclosure can be intimidating to someone who is not familiar with the banking industry. It becomes even more difficult to understand when you consider that each state has the potential of having their own set of rules and laws. This book covers all the bases in accessible language, graphs and even screen shots of web pages. The financial jargon is explained clearly and easy to understand examples are provided. Each step including: identifying possible pre-foreclosure properties through advertising or public records searches, contacting homeowners, negotiating, and financing options are laid out and discussed. Networking and the processes surrounding reselling of a purchased house are also described. Finally, the book contains a great deal of additional information in the form of a comprehensive glossary and a bibliography of on-line sites where you can do additional research on the various topics of the book. Needless to say, this book was a great springboard of motivation and information for me to get started in the pre-foreclosure housing market.
It¿s probably not a stretch to say that most people have heard about the great deals to be had from real estate foreclosure sales, but The Pre-Foreclosure Real Estate Handbook shows investors ¿ both aspiring and experienced ¿ how to purchase properties during the pre-foreclosure, rather than waiting for the foreclosure when banks generally try to get as close to market value for the foreclosed home as possible. Author Frankie Orlando takes readers step-by-step through the process of buying a home during pre-foreclosure, hitting on such topics as how to find foreclosed homes, how to find investment money, and how to negotiate. One of the most valuable aspects of the book is the chapter on advertising one¿s services as a Foreclosure Specialist, one who buys homes in pre-foreclosure. The chapter is chock full of creative ways to advertise online and offline, including a discussion on what forms of advertising are illegal in certain states. Perhaps best of all, the advertising ideas are a great alternative to cold-calling, something many of us dread! The Pre-Foreclosure Handbook also offers more than 100 useful links, an extensive glossary, and case studies from investors who have been there and done that. All in all, The Pre-Foreclosure Handbook is an excellent, informative read for those interested in real estate investing. Definitely a must-read if you¿ve ever thought about investing in real estate.
I was looking for a way to expand my real estate investments, and to do so without assuming additional major obligations. Frankie Orlando¿s handbook opens up a real estate avenue that is entirely new to me. I had never thought that the foreclosure market was available to non-professionals but the ¿secrets¿ revealed in this book show that, not only is it possible, but non-professionals, like me, have as good an opportunity to succeed as the pros . . . and in some cases, I think, even better. In my small rural community the marketing approach outlined by Mrs. Orlando will be effective, I¿m sure. I¿ve followed the process laid out in the handbook and found four pre-foreclosure prospects, two of which are suitable for my intended use. I¿m preparing to contact the homeowners following Chapter 6 guidelines and the we¿ll see how good I am in closing a deal. Whether or not I succeed this time, Frankie Orlando¿s handbook has already gotten me deep into the pre-foreclosure market and, thanks to her, I¿m sure that I¿ll eventually achieve success.
This book focuses how new investors can obtain property at bargain rates from banks, public auctions, and other means. More than 4% of all mortgage loans are delinquent and heading towards foreclosure. This creates a market where properties can be purchased at a fraction of their original cost by investors. This book differs from others in the genre because it explores in detail more modern approaches as well as the tried and true. Suggestions include using mail merge, online search sites, and Google AdWords. I found this section helpful because it gave me very specific ideas of how I could use technology better within the industry. Budgeting is very important when buying properties. Also featured in the book is an extensive section on how to evaluate and select pre-foreclosure properties, including costly repairs to avoid and suggested websites for general repair estimates. A six page worksheet will help you determine necessary repairs and formulate a budget. This is the most comprehensive budgeting tool I have seen in a real estate book, making this book an invaluable resource.