There is no bad real estate market, only people with problems who happen to own real estate!

To build your own real estate investment company, to become a real estate entrepreneur, you need a system that combines the tools and knowledge to provide solutions to these people’s problems. These are human problems, not real estate problems. People die, they lose their jobs, they get into financial troubles, they get divorced, etc.

These “Trigger” events, combined with the lack of cash savings and little equity most homeowners have in their homes today can lead to extreme financial, emotional and even physical distress; as homeowners struggle to keep up their payments and/or are frustrated by their inability to sell their properties.

Think about it. If the payments on your house were killing you because you were stuck making two mortgage payments; the sale of your old house fell through after you closed on the new one.

Wouldn’t you be lying awake at night, worried sick about running out of money and having to face the embarrassment of foreclosure?

What if you did not have much equity and the costs of a sale, which could be 20% or more of the value of the property, would eat up a good chunk of your remaining savings? Wouldn’t you be praying for someone to come along and solve your problem?

You might even get so desperate that you would actually Give the property away to anyone who would take it, just to be rid of all the stress!

We have just taken a good look at one side of the profit equation, the seller’s side. There is also a buyer’s side.

There exists a Shadow or Phantom market of buyers for real estate. Most are self employed people or small business owners. Others have had recent bankruptcies or foreclosures.

Still others are foreign nationals. They can afford to buy real estate but for various reasons cannot or do not want to qualify for a bank mortgage.

You can solve their problem by selling them the homes you pick up from the desperate homeowners! You sell them with seller financing. The Phantoms will reward your “kindness” by paying you premium prices for your properties!

You can get started as a part time investor with a basic real estate investing system:

Tags: bank, entrepreneur, foreclosure, home, investments, money, mortgage, own business, Real Estatebank, entrepreneur, foreclosure, home, investments, money, mortgage, own business, Real Estate

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Are you on a small budget, but you want to purchase a home? If you are on a small budget, and you want to get a home, to start living as a family in an area that you love, look towards homes that have recently been foreclosed. A foreclosure is one that someone else has lost. The homeowner may not have been able to keep up on their mortgage payments, and the bank has taken over the property. Banks and financial companies don’t like to hold onto these properties for long, because of the interest, the payments and the money that is being lost over all.

To find a home that has been through foreclosure you can begin your search online or offline. Many links to foreclosure companies and banks are going to offer listings of where foreclosure homes have been located. A foreclosure company is going to offer great rates, and will offer great prices on homes that they want to sell.

While nothing can be done for those who have been through the foreclosure process, and for those who have lost their homes, you can take advantage of the situation. You can purchase home, at a reasonable cost, and create a home for your family.

To purchase a home that has been through foreclosure, the process is going to be very similar to that of any other mortgage. You will have to apply for a mortgage, you will have to pass the background check, and you will be subject to interest costs, and closing costs of the mortgage. A foreclosure home may require some additional legal background work, so you will need to hire an attorney to look out for your best interests.

A foreclosure home is one that has been abandoned because the previous owners could no longer pay for the home. You will find that many types, sizes, and styles of homes are often included on the foreclosure listings by banks. You will find one bedroom homes, two bedrooms homes, rental units, retail and commercial buildings and you will find luxury homes, vacation homes, even mansions included on foreclosure listings.

The home of your dreams could be very affordable if you take the time to look at the foreclosure listings. The foreclosure listings will give you an idea of the city and the state where the home is located, and from there you are often required to contact the bank, the financial company or perhaps a real estate agent as listed, to find out more about the property. The only limitations you will have in purchasing foreclosure homes is going to be your credit limit and where you want to live. Homes from across the nation, from Vegas, California, to Virginia, Florida and in Washington are available for purchase.

Copyright 2006 - Ivar Rudi. For more information and resources about this subject check out: http://www.stop-foreclosure-guide.biz/

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Foreclosures are at an all time high in most states. Does that mean that pre foreclosures are right for your real estate investing business? Some gurus, mentors and investing teachers are pushing pre foreclosures as the only business to be in, while others are saying to take a step back. You may want to take a serious look at how you actually work your pre foreclosure business.

Attracting Business/Advertising/Marketing - Do you use bandit signs that say I Buy Houses, Foreclosure We Can Help, and We Buy Houses for Cash. How about cards, letters, or flyers what do you say? We can help, I’m an investor not a real estate agent, and I buy houses not list houses. I can close quickly. You may want to revisit your wording if you do not buy or help or pay cash or close quickly. States Attorneys General, HUD, and Federal Agencies are beginning a big push to crack down on fraudulent transactions in real estate and mortgages.

Do You Offer to Help? - We can help. How do you help? Do you offer counseling and help direct the sellers to services when you can’t help? Offer options such as option #1 make up all your back payments make your loan current, option #2 work with your lender and roll your back payments and interest into a new loan, option#3 find a new lender to pay off the current loans, option #4 sell the big cars, the boat, the RV to make your loan current. Or do you go for the kill–Get the deed! –Get the deed!–Get the deed? How do you help?

Do you Buy Houses? - Which pre foreclosure home did you buy? The business of pre foreclosure is to take control of the property while you work with the bank or banks to accept an amount less than what’s owed on the property. Did buy the house? Well the $10.00 you gave the seller to sign the deed and other papers to allow you to work with the bank doesn’t mean you bought the house. Did you record the deed? Will your name or your corporate name or trust name show up in the chain of Title? Did you buy the house?

Do You Pay Cash? - The $10.00 you paid to move the deal along, or the $20.00 you paid because usually you only pay a dollar but all you had was a ten or twenty. Was that your purchase price or like you said that it was legally required that money change hands to bind a contract. Or did you buy it with the excess profits that you told the sellers you are going to split with them? Maybe you gave them $1000.00 moving money or a couple of thousand to close the deal because you know you can create equity by working with the bank, now that’s cash.

Who Do You Work For? - In pre foreclosure transactions you are the implied agent for the seller when they allow you to represent them in this process. They have given you power of attorney, given you the right to access their accounts of the mortgage company and signed over to you ownership of the property (if you record the deed) and in too many cases signed over blank forms which you fill in with the correct names when you get them. You are now working for the seller and you will be in deep dodo if you do something wrong.

If the deal doesn’t go through do you give the house back if you bought it? Do you tear up all the paper work and say next? Do you get your money back? What help do you offer now? What can you do when the bank doesn’t work with you? In the end most don’t work with you. If pre foreclosure works why do all of these homes actually go into foreclosure at record levels across the country? You can pay thousands for a weekend seminar in pre foreclosures or buy home study courses or sign up for mentor programs the fact is you have no control of the process and if you make promises and don’t deliver you may get into big trouble.

Bill Carey with over 30 years in real estate sales, investments, and home building offers a unique perspective to the buying and selling process of residential real estate for F*R*E*E consumer information and reports log on to http://www.CharlotteNCExecutiveHomes.com and see
“Insider Real Estate Secrets Revealed”
…a must-read for Home-Owners and Renters!
It’s a F*R*E*E 12-lesson e-course covering more than 20 topics exposing the realities behind buying and selling a home.
It Could Make(or Save) You Thousands of Dollars

See http://www.BillCareyRealtor.com and sign up for our monthly e-newsletter with tips for buyers, sellers, home owners and soon to be home owners.

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