Can anyone explain me about foreclosure real estate investing????

[magma]

My regards to the community, I would be seeking your advice on some matter. I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits. I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

[ShadoCat]

Originally Posted by magma

My regards to the community, I would be seeking your advice on some matter. I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits. I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

The easy way: go to *Ocwen Financial Corporation. Those are REOs.

For pre-foreclosure, there are several ways. They include, note buying, short sales, and providing services to those at risks of foreclosure. As to how to do each, that's a bigger lesson than I can post here. You are better off learning which ever method you wish to work with.

I run a real estate seminar list. You might find one that suits you.

Also, be aware that foreclosure investing is also rehab investing. You will rarely find a foreclosure that doesn't need, at least minor rehab. Especially in today's market when buyers are looking for upgrades.

[anthonyrodrigues]

Originally Posted by ShadoCat

The easy way: go to *Ocwen Financial Corporation. Those are REOs.

For pre-foreclosure, there are several ways. They include, note buying, short sales, and providing services to those at risks of foreclosure. As to how to do each, that's a bigger lesson than I can post here. You are better off learning which ever method you wish to work with.

I run a real estate seminar list. You might find one that suits you.

Also, be aware that foreclosure investing is also rehab investing. You will rarely find a foreclosure that doesn't need, at least minor rehab. Especially in today's market when buyers are looking for upgrades.

Yes absolutely I am agreed with the above mentioned you must go with it.

[magma]

Thank you guys

its Really help me out ...

[JEROME]

Well….I think if you wait for some more time… you can get a lot better suggestions that this…I am out of any ideas for this!!!!


















Foreclosure

[ShadoCat]

You have plenty of time to find a foreclosed house. I don't expect the current market to change until late 2010

[elvenrunelord]

I don't expect the current market to change for quite a bit longer than that. I'd say maybe 2015-2020. We are no where near done with the correction that is happening and it may end up like it did in 1929.

[ShadoCat]

I don't think it'll be that bad, unless you are counting on the new peak to be in 2015-2020. I expect that we'll see the bottom of the market in 2010-2011. This is mostly because the conditions that caused the current downturn will burn themselves out by then.

The kicker will be oil prices. Which, at the moment, are caused by a weak US dollar; which is caused by the real estate crises. The main result of the high oil prices, aside from inflation of store bought goods, is greater urbanization. People will move closer to their jobs and jobs will move to where the people are. This means that the land values of the far suburbs (i.e. Riverside, CA) will stay down while the values of property closer to city centers (i.e. Los Angeles) will increase.

Now through 2010 is the time look for housing in or near city centers that have good employment.