The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know: What Smart Investors Need to Know

by Frankie Orlando and Marsha Ford

Book Overview

In every hour of each day, savvy real estate investors are accumulating vast fortunes buying foreclosed homes at bank foreclosures, pre-foreclosures, and foreclosure auctions. There is an estimated 1... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0910627037
• ISBN13: 9780910627030
• Release Date: January 2008
• Publisher: Atlantic Publishing Group Inc.
• Length: 288 Pages
• Weight: 1.05 lbs.
• Dimensions: 1.0" x 5.0" x 9.0"

Customer Reviews

You can make money in a tricky real estate market.

If you hesitated about getting into real estate investing during the real estate housing boom, the new boom - the one in foreclosures - may be your chance to build wealth by buying forclosed real estate. This book is not for everyone. As a licensed real estate agent for eight years, I have seen people try to get rich quick using various schemes they have heard about on television or read about in books - with little success. This method is no fly-by-night strategy and not everyone who would be able to invest successfully. Investors need - at the very least - good credit, some ready cash and a willingness to work hard and stick to the plan. Those who are able to take advantage of the foreclosure niche in the current buyer's market can create for themselves a life making income as a real estate investor. The authors wrote this book for the brand-new investor, including not only basic information on how to choose and invest in foreclosures, but current information on where and how to find and choose foreclosure properties, current real- estate and foreclosure laws from state-to-state and detailed information on what to expect during every step of the process. The are even chapters on how to rent your new property, if you choose to do so. While this book is primarily for investors, buyers looking for a home of their own will find this book filled with useful information. Foreclosed homes can be found at bargain prices and home buyers can use these same procedures to find the home of their dreams. Too many buyers, frightened by the headlines, are not taking advantage of a once-in-a-lifetime buyer's market to buy their own home. Investors will also find the real estate dictionary and extensive list of references extremely helpful if they plan (and they should) to continue to learn about investing as the foreclosure market changes. The authors do not pretend that making money by buying and selling or renting-out foreclosures is easy and they caution that in real estate investing, money can be made, or it can be lost. That attitude is what makes this book superior to most. If your plan is to buy foreclosed homes with no money down, no assets and no risk, then look somewhere else - an good luck to you. But, if you are looking for a levelheaded approach to real estate investing in the current market, this approach is a winner.

A survey investors will find easy to begin with, making it the perfect item of choice for public lib

Real estate investors can amass a fortune by purchasing foreclosed homes at various foreclosure auctions, and this guide is the resource novices and pros will find an outstanding key to locating such bargains. From auctions and online processes to making it easy for bargains to come your way, THE COMPLETE GUIDE is a survey investors will find easy to begin with, making it the perfect item of choice for public libraries. Diane C. Donovan California Bookwatch

Great Book For Real Estate Investors

Frankie and Marsha have truly put together a user friendly guide that examines the foreclosure process. For anyone looking to purchase a home or invest in the foreclosure market, this book is truly a gem. The book aims at helping investors take advantage of the foreclosure market. They point out the potential pitfalls and abundant gain that a foreclosure can bring investors. Homeowners would also benefit from reading this book. The book provides an insiders look at how the foreclosure process works and the way that investors can potentially save them before a foreclosure occurs. The best defense against foreclosure is knowing the tricks of the trade. The book is user friendly and well organized. Not to mention part of the proceeds are donated to a worthy charity.

Easy to Read, Easy to Understand - A Great Place to Start!

If you've ever thought about the possibility of purchasing a property that falls under the foreclosure category, whether to live in yourself, or as a investment property, but thought that it might be too complicated, this is a great book to read. It takes you right from the beginning of what foreclosure is, to how you can make a lot of money from this kind of property deal. The book states "Reading one book will not turn you into a foreclosure investment specialist." However this book will tell you what you need to know in order to explore the possibility further. It will help you identify if you have the right skills and aptitude to weave a path through the real estate foreclosure waters, and explains in very plain terms what it all means - whether it's how to contact the property sellers, or what to do with the property once you've purchased it. Apart from the easy to follow general foreclosure investment information that the book contains, there are two strengths to this particular book. The first is in the very easy to understand glossary that gives easy to understand definitions of the various terminology terms that anyone just starting out as a property investor may find off-putting. This makes the official documentation associated with real estate much less complicated to understand. The second strength in this book is in the list of additional resources that would-be investors can explore in order to ensure that this is the best way for them to invest their money. This list includes resources on where foreclosures can be found, where to network with other property investors as well as nuts and bolts such as legal and marketing information. Overall "The Complete Guide to Locating, Negotiating and Buying Real Estate Foreclosures" may not be the only guide you need in order to make your investment capital grow through the foreclosure market, but it is certainly a comprehensive guide that will answer many of your questions, as well as point you in the direction of where to go next for further information.

Insider information for the novice real estate investor

This book is a comprehensive guide to using foreclosures for real estate investing. It is written for the novice, someone with no previous experience dealing with foreclosures (including a complete glossary of terms at the end of the book). The authors describe foreclosures in full detail, outlining the benefits, ways to avoid pitfalls, and many avenues to locating property. The books explains why sellers are motivated to unload property, and how you as the investor, can take advantage of that situation. It describes the foreclosure timeline, and indicates where you can invest at each step. It takes you through every aspect of the process, including the preparation for your investment, evaluating the property, ensuring funds for the purchase, and maintaining the property once you have acquired it. It also helps the investor to make the most of the property, in terms of profit, once it has been acquired. This book is unique in that the authors try to prepare the reader for the psychological aspects of this type of endeavor. There is in-depth discussion of the person-to-person aspects of becoming involved in foreclosures. First, evaluating yourself as an investor, helping you to determine whether you have the time and people skills necessary to make the commitment. The authors emphasize that the investor must be comfortable talking to strangers, being persistent, and being prepared to talk with homeowners who might be in a state of mind that is not conducive to negotiation. They give the reader unwritten rules about talking with banks, and other sellers; what you should expect and things to consider. Reader-friendly tables are included to highlight the key points in each chapter, and offer "next steps" and many useful links to websites for more information. The book includes an extensive list of resources and is a must-read for anyone interested in real estate investment.