smart real estate "think" it's ugly. This real
investor will know that estate offers a handsome
using leveage and following opportunity for an opportunistic
a system can net terrific profits real estate investor. Savvy
in real estate. Particularly with investors will also use the
foreclosure properties. Multi-Offer Strategy Technique in
Foreclosures are a great way to a Foreclosure…
build a fortune. Now more than
ever, because real estate This technique uses the principle
foreclosure rates are the highest of offering ‘choice’ to the eager
we've seen in 46 years... seller – the bank - after it has
been on the market for 60 days.
Here’s a basic strategy investors Here, the investor submits three
with foreclosures: offers at a variety of prices
A foreclosure home is up for ranging from $210,000 to
sale. It's worth $350,000 $225,000. They do so by
according to comparable real submitting an offer in their
estate appraisals, but the bank's personal name, another under
asking price is $300,000. The their partner's name, and the
savvy investor will have a other under a company name.
contractor or home inspector on
their power team check out the These offers are presented by the
foreclosure property in question. Realtor to the bank's loss
In this case, they discover it mitigation department whose sole
needs $20,000 of work. job is to sell off the banks
non-performing assets as quickly
Interestingly enough, many real as possible. Even if that means
estate homebuyers will pass right the bank registers a loss on the
over the foreclosed property. loan of the property by selling
Because unlike an investor, they to the investor.
another “fix and flip” investor,
Since they are buying through a and nets at least a $75,000
bank's loss mitigation profit. All this by selling it at
department, their offer of the original asking price rather,
$225,000 is accepted - even than the actual real estate value
though it is well under the of the property!
asking price. This strategy can
work great in a foreclosure-heavy Foreclosure real estate is
market like Detroit and Denver, skyrocketing. Being a real estate
Colorado. Yes, foreclosure real investor with this one niche can
estate in Denver and foreclosures help you become a
throughout Colorado's real estate multi-millionaire. Discover more
market are high. And banks in real estate investing tips, deal
these markets truly are motivated alerts, and receive valuable
sellers. foreclosure resources and
contracts by visiting
That's not all! http://www.MillionaireRiches.com
today.
The savvy investor experienced in
the real estate contract with a It could literally change your
foreclosure will actually get the life!
bank to give them a mortgage for
the $225,000. Once the home loan Cheers,
goes through, the investor closes Brad & Mary Wozny
on the real estate, using a 10% “Helping 100,000 Women & Families
down payment from a private Achieve Financial Freedom!”
lender. The investor then
immediately sells the property to
About the Author:
Discover How To Buy & Profit from the Foreclosure Real Estate BOOM without Cash and Bad Credit! Foreclosure real estate is soaring to all time highs since the 1960's. Now more than every before, fortunes can be made with foreclosure real estate more qui
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Brad Wozny
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