The King Of Foreclosures Is...

Comments(9)

• 
  OCSupertones7th November, 2003

  Foreclosures...I dont know, but Short Sales, i think of ShortSalePro.
  
  i know he has stuff for sale on this website too!

• 
  Birddog18th November, 2003

  I'm not a king, but i do know a thing or two, so shoot, and I'll see what I can do
  
  Eric
  [addsig]

• 
  BethE8th November, 2003

  Here goes,
  I've know how to find the lis pendens, NFS, and REO listings, Which is a better opportunity? Why?
  I'm ready to dive in so which is the deep end?

• 
  rcummings8th November, 2003

  They are all good approaches depending on your current $$$, and credit situation. You can sub2, you can assign deals and you can buy them with financing. It all depends on what and how you want to do it .
  
  It's always best, whenever you can, to use little or none of your own money.
  
  Some people focus on one area and master that (because if you try to many at the same time, you will spread yourself to thin and become the jack/jill of all trades and master of none)

• 
  BethE8th November, 2003

  RCummings,
  Credit high 6's and no money to spare. Which would you recommend? Should I take John's subto email class? That is my next interest.
  THX.

• 
  MarleneM8th November, 2003

  I've purchased a few dynamite CDs from Ward Hannigan, and he seems to know a lot.
  
  His CDs are $21.00 each, and well worth the investment. He has a CD on each of the types of foreclosure opportunities you mentioned, and several other topics.
  
  He has a website where he has a few great articles and also sells his CDs and classes. To find him, look up his name in a few search engines.
  
  Keep us posted on what you do!
  Marlene

• 
  demosthenes8th November, 2003

  I would say that Donald Trump is probably the king of foreclosures.

• 
  BAMZ8th November, 2003

  Hi BethE,
  
  I have been to your county court house before. It is a little more difficult to sort through the files there compared to where I am from, however you have many options that can make it extremely easy!
  
  The Sheriff sales at your court house are generally swamped with investors who are ready to over-bid....this may not be a good start for you.
  
  REO's make be an option, but in a general situation the bank will try to get retail out of them if they have already taken them back.
  
  Preforeclosures may be the best way to go. In your area last year there were well over 3000 + filed. So even if there ara a lot of investors in your area, there are still lots of properties left. Using this approach you could either use the Subject-To method to purchase or short sales ... or both. If you are ready to dive in, you need to be prepared to have some kind of money to work with. It is ok if YOU dont particularlly have any money, you need to seek it out!
  
  I just wrote and article on how to obtain Private Money. If you want, I will send it to you. Let me know!
  
  BAMZ
  
  [addsig]

• 
  rcummings9th November, 2003

  BethE..
  
  If you are short on funds, I would do some assigning to other investors and sub2 deals. John Locke has a book on sub2 transactions which will show you how to get started in that area.
  
  You can market to preforeclosures and try to get their properties and do sub2 deals or even assign them to other investors to purchase them from you.
  
  You can look for vacant properties to try and tie up and assign them to other investors.
  
  Don't let not having any $$$ stop you from getting started. All you need is a few $$$ for marketing and when you get your first deal, that will pay for future marketing costs.