Fixer’s and forclosure properties have always been the “jewels” that RE investors look for in order to make big profits. However if you dont do your home work before hand you may loose not only your investment but your profit as well.

Everywhere you go, you hear the same sad things: “The rich are getting richer while the poor are getting poorer.” “There just isn’t enough to go around.” “It takes money to make money.” This can lead you to believe that there is some mystical force out there that regular people like you and me just can’t tap into. If you subscribe to this way of thinking long enough, you may be tempted to say, “Since it takes money to make money and I have no money, then what hope is there for me?” There is plenty of hope, as long as you don’t listen to the wrong people. Media naysayers are definitely the wrong people.

In this current real estate crisis, many people are loosing their homes either because they can’t make the payments or are walking away because their house is worth less then the amount owed. It was reported by CNBC on July 24 that foreclosures now represent half of all the homes sold in the US. Although this is downright scary to a highly leveraged homeowner or speculator this is also an opportunity of a lifetime for anyone looking to buy real estate at these depressed prices.

I’ve gotten a lot of questions about how I trade options lately. Many of those questions are really roundabout ways of asking if I have any hard and fast rules for trading options. I don’t have many rules that I consider “hard and fast,” but I do have three. So I thought I’d share them with you here.

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Can I rehab, and refinance? Yes, you can do all of those things. For rehab jobs, you can enter a high-level or detailed list of repairs. You can add adjustment factor for repairs you don’t know about until you start pulling up carpet or tearing down walls. And you can also customize the draw schedule to match your construction or hard money loan. Refinancing is as simple as choosing that option along with which loans will be paid off by the refinancing. The software does all the rest.Absolutely yes. Using the DET for “subject to” deals will save you some stress, and financial nightmares by allowing you to avoid the lemons and negotiate your best deal on the good ones. You’ll never be stuck with negative cashflow. The DET was designed not just to analyze the purchase, but to model events that occur after you own the property.

What are Bank Foreclosures? Bank foreclosure properties are also called real estate owned properties or REOs. This homes that remained unsold after the auction and the lender takes it back and sells it.Sometimes foreclosure properties are listed, but the majority are not. It takes a lot of time, effort and expense to assemble a complete list of foreclosures, which is one reason why real estate agents (or anyone else for that matter) go to the trouble of compiling one.

What’s included in my membership? In short, you get access to information about 2,000+ Government Auctions and 100,000+ Foreclosure and Preforeclosure listings and lots more. You should also see the Member Privileges page for more detailed information.Lance Young has been an active real estate investor since 1987. He started making money in real estate by buying and selling preforeclosure and bank repossessed houses. Later, he started making tremendous profits with probate houses.

What if I already own real estate? Congratulations! Real Horizons may be able to help you get to the next level. Please give us a phone call us for an individual consultation at .The Real Estate Auction is definitely a win-win proposition for everyone involved. The seller disposes of properties quickly and efficiently, thereby saving long-term carrying costs such as interest, real estate taxes and maintenance. For the buyer this can mean a smart investment, since properties are usually purchased at fair market value through competitive bidding.

Is there anything else should I consider before investing in pre-foreclosure homes? The amounts owed will remain part of the pre-foreclosure property until the sale is finalized. Before purchasing the property, all of the outstanding amounts owed have to be paid. Make sure that you find out whose name is on the property title and that the rightful owner agrees to sell the property and will sign the sales contract.