How to Profit From Real Estate Foreclosures
When it comes to making profit from real estate investment David Lichtenstein is the investor to learn from, hands down. Couple of days ago I read a interview with him at Washington Post. In this interview David Lichtenstein speaks about the investments he made in the past years, from buying land to selling housing and much more… read the post and you'll get idea, if not at least you can learn something about your future investments in the real estate sector.
There are many avenues to profit from foreclosures. None of them are overnight investments you can sit around and watch come into fruition. You have to study and network with banks and government auction houses within your specific locale.
I person invest in real estate by attending trustee sales across the state of Nevada. Trustee sales are lucrative; however, you must know what you are getting into. Most of the houses sold are not in peak condition due to there tenants being forced to move out most likely against their will. You gotta have cash and you gotta out bid your competition. But there are resources which can help.
Jump in! It's hard work but worth it when it all pays off.
Great information in your post! I just wanted to add in my 2 cents
8 Ways To Invest In Foreclosures And Earn Money
Buy and Hold. This is the strategy of a person who buys a foreclosed property and holds on to it until its market value appreciates.
1. Rentals (with positive cashflow!) …
6. Tax Foreclosures.