Bidding to Buy

Bidding to Buy
Author: David Osborn
Publisher: Biggerpockets Publishing, LLC
Total Pages: 250
Release: 2020-09-07
Genre: Business & Economics
ISBN: 9781947200333

Welcome to the world of buying foreclosed homes at auction--a real estate strategy that lets you remove the middleman, decrease your competition, and buy at a discount. Bidding for properties on the courthouse steps while competing in real time with other investors is a thrilling experience. There's nothing like it in the world of real estate, but there's also a lot to learn. With dozens of insider auction secrets that are proven to help maximize returns, Bidding to Buy will show you the skills you need to successfully bid at auction, then turn a healthy profit on your investment. Successfully buying foreclosures isn't a matter of luck, and it isn't for insiders only. However, it does require a process--one that can be repeated for optimal returns. In this book, you'll find a full blueprint of the foreclosure process, including the repeatable five-step method that the authors have used to buy thousands of properties. Discover a new kind of real estate investment and uncover profits on your local courthouse steps! Inside, you'll learn how to: Find properties before they are broadly exposed to the market Understand the entire foreclosure process and how it differs from state to state Conduct complete title research and develop an eye for red flags Navigate the potential risks and pitfalls behind a live auction Access property listings and early posting data Build an accurate financial analysis on any available property Acquire creative and alternative financing methods, including no-cash solutions Complete critical post-auction steps, such as evicting tenants

Foreclosure Investing For Dummies

Foreclosure Investing For Dummies
Author: Ralph R. Roberts
Publisher: John Wiley & Sons
Total Pages: 386
Release: 2011-02-10
Genre: Business & Economics
ISBN: 1118051327

A practical guide that helps you thoroughly research properties, so you know what you’re getting into before you buy or bid on a property With the housing bubble of recent years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosures can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust? Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” When you approach the process in a fair-minded way, presenting homeowners with various options and offering a reasonable price for their home, you can walk away with your integrity intact—and potentially a reasonable profit, too. This step-by-step guide helps you research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. If you’re committed to success, dedicated to mutually beneficial solutions, can treat foreclosure investing as business, and you can talk to people, this book is for you, but it doesn’t promise quick profits through minimal work. This book will provide you with invaluable information to become a successful investor, including how to: Identify opportunities and understand risks Obtain information, tools, support, and resources Locate properties prior to foreclosure Assist homeowners through the foreclosure process Acquire properties below market value prior to the auction Buy property at an auction, from lending institutions, and government agencies Repair, renovate, and sell or lease property A hands-on guide with tips and strategies for refinancing your property and maximizing your profits, this book also provides advice on how to assist homeowners, have them work with you, and avoid common mistakes. It even contains an appendix that covers foreclosure rules and regulations. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

The Complete Idiot's Guide to Buying Foreclosures

The Complete Idiot's Guide to Buying Foreclosures
Author: Bobbi Dempsey
Publisher: Penguin
Total Pages: 388
Release: 2008
Genre: Business & Economics
ISBN: 9781592577217

One person's loss is another person's gain. This invaluable guide explains everything readers need to know about finding and financing foreclosed and soon-to-be foreclosed residential properties with the highest potential return. Completely updated, this new edition reflects recent changes in the way banks and the government dispose of foreclosed properties, covers new laws, and advises how to steer clear of scams. * First edition sold more than 30,000 copies in a year and a half * The national residential foreclosure rate rose to from .75% to 1.16% (of all mortgages) by the end of 2006-the biggest jump in 30 years * Foreclosures are expected to continue to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans make homes unaffordable

How to Buy Bank-Owned Properties for Pennies on the Dollar

How to Buy Bank-Owned Properties for Pennies on the Dollar
Author: Jeff Adams
Publisher: John Wiley & Sons
Total Pages: 256
Release: 2011-10-07
Genre: Business & Economics
ISBN: 1118133560

Buy bank-owned properties at fire-sale prices! Banks and lending institutions today own more than one million foreclosed properties, more are in the foreclosure pipeline. Banks desperately want to get these properties off their balance sheets, but there aren't enough buyers. The result is a soft real estate market with prices investors and homeowners may not see again in their lifetime. In recent years many bargain-hunting investors and homebuyers made the mistake of trying to get foreclosure prices via short sales and pre-foreclosure-- before the bank reclaimed the property. They've been burned by endless delays and uncertainty of the messy foreclosure process. With bank-owned properties, that's over. You deal directly with a motivated seller—the bank—and get the foreclosure price without the hassles and complexity of a short sale or pre-foreclosure. This book shows you how to negotiate the best possible terms with the real estate owned (or REO) department of a bank or lender, including step-by-step instructions and no-nonsense advice on finding great deals, estimating fair market value, and closing the deal. You don't need a ton of cash, because REO investing at fire-sale prices is affordable for almost any investor or homebuyer. Provides detailed, step-based guidance on buying REO properties Written by a super-successful REO investor with fifteen years of experience

The Pre-Foreclosure Real Estate Handbook

The Pre-Foreclosure Real Estate Handbook
Author: Frankie Orlando
Publisher: Atlantic Publishing Company
Total Pages: 346
Release: 2006
Genre: Business & Economics
ISBN: 0910627665

This book explains everything you need to know to locate and purchase real estate bargains from banks, public auctions, and other sources. It will guide you through every step of the process including finding properties, negotiating, and closing on your first deal.

The Book on Rental Property Investing

The Book on Rental Property Investing
Author: Brandon Turner
Publisher: Biggerpockets Publishing, LLC
Total Pages: 341
Release: 2015-10-28
Genre: BUSINESS & ECONOMICS
ISBN: 9780990711797

With more than 350,000 units sold worldwide, this fan-favorite will show you every strategy, tool, tip, and technique you need to become a millionaire rental property investor.