Real Estate Investing: Pre-Foreclosure Secrets by realestatetips4u

VIEWS: 67 PAGES: 2

More Info
									                     Discover 101 Amazing Real Estate Tips and Secrets



               Real Estate Investing: Pre-Foreclosure Secrets

On April 14, 2008, ABC News reported that 1 of every 428 houses in Ohio is going through
some foreclosure process. That's just indicative of the mortgage crisis that is currently
gripping the nation by the throat. Profit from other people's misery by learning preforeclosure
secrets in real estate investing. You can make the seller's misery a little less from buying a
preforeclosure property than a foreclosure property. A preforeclosure does not say on a
person's credit record as long as a foreclosure does.

Location, Location, Location

In real estate investing, you will drive yourself insane looking at properties in random areas of
the country or state. You need to select your location first and then see what properties are
available. It's no good buying a beautiful mini mansion in Ohio if there haven't been any
significant sales in that town for ten years. Once you get your location chosen, then you can
focus on the properties.

Many in real estate investing prefer to work with preforeclosure properties than ones already in
foreclosure. You not only feel good helping the homeowner out a little bit, but you can often
save as much as 40 of the house's market value.

Don't be surprised if the homeowner doesn't answer the phone or the doorbell. They may be
scared that you are a bill collector. They may also feel shame and confusion. Be patient. Slip
a note under their doors if you have to, just to let them know that you are not a bill collector or
their lenders.

Talk To Your Accountant

In order to save more money, those in real estate investing may be entitled to a large rebate
for every foreclosure or preforeclosure piece of property they buy. This is due to the
Foreclosure Prevention Act of 2008. However, since tax laws seem to change by the minute,
don't count on the rebates. If they happen - great, but do not gamble everything on getting a
whopping great rebate check in 2008.




© Copyright: All Rights Reserved '           Discover 101 Real Estate Tips To Boost Your Profits
                     Discover 101 Amazing Real Estate Tips and Secrets




  * * * * * * * * * * * * * * * * * * * * * * * * * * *
Did you enjoy my above article..?, then please share it.
...Please share this report with your website and blog visitors, friends, family or anyone
else you feel like. You can also pass this on to your email subscribers, and your Twitter
followers, Facebook etc..

I have also prepared some powerful tips “101 Real Estate Tips And Secrets” which shows
you 101 powerful Real estate tips which can help you build your real estate portfolio.


Read my tips “Discover 101 Amazing Real Estate Tips To Boost Your Profits ”

Click here to read it.



                                 Remember:
 Please share this document with your website readers, place it on your blog,
 share it with your email subscribers, and your Twitter followers + Facebook!




© Copyright: All Rights Reserved '        Discover 101 Real Estate Tips To Boost Your Profits

								
To top