Real Estate Investing
Much of foreclosure investing is about individual ambition and effort. But investors can’t afford to do everything themselves on every deal.
Struggling with an oversupply of homes, a growing number of foreclosures and falling home prices, the housing market is ripe for investors like Andy Baker, who is buying distressed properties and renting them out at a profit.
Many prospective homebuyers and real estate investors see the current housing market as a prime opportunity to find bargains. But many are gun-shy about jumping into the market before it hits bottom.
With more and more sellers unloading their homes for less than what they owe on their mortgages, now is a good time for investors to start negotiating “short sales” with lenders.
Las Vegas real estate agent Adam Hunt helped two clients purchase foreclosure properties at bargain prices within a two-month period, which primed him to continue mining the foreclosure market.
A deluge of discouraging data in the housing sector, all point to opportunities for investors and buyers looking for bargains — particularly on foreclosure properties.
Glenn Downs has been investing in real estate for years, but he never considered a foreclosure purchase until his son landed a job at RealtyTrac.
If you follow the news these days you can find a growing number of stories concerning “foreclosure rescue specialists.”
Kumpol Manasvigangkul never considered purchasing a foreclosure property until he heard about RealtyTrac. Four months later he was poised to pocket more than $100,000 in profit from a foreclosure.