There are many ways to make money as a foreclosure investor, and here's a scenario that'll earn you profit time and time again without having to risk any of your own money.
Many times as a foreclosure investor you come across deals where you've negotiated a sale with the distressed seller to buy their home for far less than it's real market value. The owners have some equity but can't continue making payments.
They may be months behind on their payments with no chance of reinstating the loan. Avoiding bankruptcy and decimated credit are their two biggest priorities.
You do your homework and evaluate the property, make them an offer, which is accepted. The offer covers their back payments, pays off the existing mortgage, Diaplex plus you give them back some cash based on their equity position.
This is a very simple example of a win-win situation at the pre-foreclosure stage.
The owner walks away from the loan obligation, avoids a messy bankruptcy plus keeps some part of the equity, and you, the foreclosure investor have bought a property at way under market value.
Or have you?
Actually what you have in hand is the right to purchase a property at way under market value, which is potentially a very lucrative position to be in.
Why is is this good position for you?
If you think there are other foreclosure investors out there that would like to get their hands on your contract for a property that is priced way under market value, YOU'RE RIGHT. You've done all the legwork and negotiating, so paying you a good commission for sourcing a property that has big profit potential for them is not a problem for many investors.
The advantage here is you never own the actual property, you are simply selling 'your 'rights under contract to buy the property at a negotiated and set price'.
You need no special license to sell your interest in a contract to another party. You are simply 'locking up a contract' for a profit, and selling the right to buy to another investor.
Will you make as much as the investor who actually purchases the property? Probably not but so what? For a new investor with little cash this is a fantastic opportunity to make great profits doing very little work and assuming no risk. It's not uncommon for 'pre-foreclosure investors' to make $5,000 to $10,000 and up just for selling the right to buy a property at under market value. Not bad for what amounts to maybe only 5-10 hours work.
Why not get started finding out more about this type of foreclosure technique? Many learn part-time while still keeping a normal job until they get comfortable and gradually work full time as foreclosure investors - earning much more than any regular job. You'll need two things: Knowledge on where to find properties and knowledge of how to approach the sales and marketing end of pre-foreclosures. It's not as difficult as you might think. See link below for more info...
Achieve success and wealth as a foreclosure investor by learning the foreclosure business the RIGHT WAY - Visit: Foreclosure Training These are the best foreclosure training programs available today.
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