Pre-Foreclosure Houses

With the current economy hurting everyone's income, property owners across the United States are experiencing bank foreclosures in record numbers.

If homeowners fall behind in their mortgage payments, the bank has the right to sell the property at a public foreclosure auction to pay off the loan. To avoid home foreclosures, losing any equity and damaging their credit, troubled homeowners need to sell their homes as quickly as possible, and therefore will do so at a very low price.

With my course How To Buy Pre-Foreclosure Houses For Big Profits you will learn how to contact these homeowners and buy their houses at a deep discount before the foreclosure auction takes place.

And don't worry about taking advantage of anyone. You will actually be helping the homeowners by keeping them out of foreclosure. You will help them to save their credit and salvage some of their investment, and at the same time you will make a big profit for yourself. In most cases, you are the homeowners' last resort before they lose their property to foreclosure. The homeowners will actually thank you for helping them out of a financial nightmare!

Real Estate Foreclosures are Rising and So Are Your Opportunities to Enjoy a Quick Profit!

An example of a Pre-Foreclosure deal

You find a house worth $200,000 that is about to be foreclosed upon. You contact the homeowner and he or she agrees to sell you the house for $130,000 (a 35% discount) rather than lose it at auction. You fill out a simple contract that gives you the right to purchase the house. You then give the homeowner a $10 deposit on the contract so it will be legal.

At this point, all you have to do is sell the contract to an investor for $150,000. Any real estate investor will be happy to get a house worth $200,000 for only $150,000 (a 25% discount). Since your contract with the homeowner was for $130,000 and you sold it to the investor for $150,000, your profit on this deal is $20,000!

You would not have to come up with any of your own money because the investor will be the one who actually purchases the house.

A real-life example of a Pre-Foreclosure deal:

Several months ago, I purchased a pre-foreclosure house worth $240,000 and paid only $153,600 for it. The owner had moved out of the house months before and was ready to let the house go to auction. I called the owner and found that she would be happy to sell me the house at a deep discount. After filling out a simple contract to purchase the house and making a $10 deposit, I turned around and sold the house -- the same day -- for a $25,000 profit!

I did this by selling the contract to another investor I knew. By purchasing my contract, the investor then had the right to buy the house for the amount agreed upon in the contract, which was $153,600, plus my fee of $25,000. So, the investor paid a total of $178,600 for a $240,000 house. Think of all the people in your town who would jump at the opportunity to pay $178,600 for a house worth $240,000!

Best of all, this deal helped everyone involved: The homeowner received money because she owed the bank much less than the $153,600 she received. She was able to save herself from foreclosure and still walk away with thousands of dollars in her pocket. I received a huge profit for finding the deal, and the investor who bought the house got it dirt cheap. Everybody walked away with a good deal! These pre-foreclosure deals are really common. You just need to know how and where to look for them, and my course will give you all the information you need!

And don't worry about deciphering complicated real estate contracts either. Once you've read the clear and detailed examples provided with my course, you'll be amazed at how quickly you can fill one out. I'll even show you how to fill out a contract so that you have absolutely no obligation. That's right, you can back out of the contract anytime you wish. No risk!

You can use this method to make tremendous profits in real estate investing without spending a lot of time or money. You don't need a license. You don't need a college degree. You don't need any experience in real estate at all. All you need is $10 and a few hours of spare time each week.

Income aside, you can also use this fantastic system to buy a beautiful house for you and your family at a very low price. Just think of the luxury home you could afford if you knew how to buy it at a 35% to 50% discount!

You’ll also learn, step by step, how and when to negotiate a short sale, where a lender is willing to accept less than the payoff amount for a property in order to close its books. This can mean more pre-foreclosure bargains for you – and huge profits.

Bank Foreclosures Can Be a Real Steal! Learn How to Walk Away From an Auction With a Winner

There is usually more competition at foreclosure auctions than there is when buying pre-foreclosures. But what if the homeowner won't sell to you? Or the house is vacant and you can't reach the homeowner before the auction? You don't want to give up on getting a good deal on the house. Another money-making option is to attend the foreclosure auction where you can buy the house at a huge discount.

Thousands of properties get auctioned off every week across the country. Many of these properties are sold for ridiculously low prices. This represents a fantastic opportunity for you to get bargain basement prices on houses, either for yourself or for quick resale. My second course, How To Make Big Money At Foreclosure Auctions, tells you precisely how to accomplish this.

A real-life example of a foreclosure auction deal:

I attended a foreclosure auction for a one-bedroom condominium in Northern Virginia. The one-bedroom condominium was worth $130,000. Guess what? I was the only bidder to show up at the auction. The bidding started at $57,718. I bid $1 over the opening bid and ended up with the property for only $57,719! Yes, you are reading this correctly. I paid $57,719 for a property worth $130,000. The best part about the deal was that I sold the property the very same day to an investor for $68,000. I made a profit of $10,281 for just a few hours of work. You can do the same thing. All you have to do is find a good deal and pass it on to an investor for a large, cash fee.

Imagine how easy it would be for you to find investors in your area who would jump at the chance to buy a property for close to half its value. My course will teach you an easy, step-by-step method for finding great deals at foreclosure auctions and quickly reselling them for huge profits.

Bank Repossesed Houses

A real-life example of a deal with a bank repossessed house:

Warning! Don't read this unless you want to hear a scary story where I made a lot of money! How I paid $21,400 for a townhouse worth $130,000!

You can get absolute steals on houses seized through bank foreclosures. One of my most interesting deals involved a townhouse in Dumfries, Virginia that was owned by a bank. Because the property needed a lot of repairs, the bank was very motivated to sell it at a very deep discount.

The bank arranged to have a real estate agent meet me at the property so that I could see the inside of the townhouse before making my offer. Both the real estate agent and I were surprised at what we saw next.

When I say the townhouse needed a lot of repairs, I'm not kidding. Once I was inside, I could not believe what I saw. Prior to the foreclosure, the homeowner had tried, without a permit, to hand-dig a wine cellar under his townhouse! In case you are not aware, it is illegal and dangerous to dig a huge hole under your house! Other than the hole that was the size of the dining room, the property was in very good condition.

Before making my offer to the bank I called the city of Dumfries and asked what I needed to do to fill the hole under the house. They informed me that the hole would need to be filled with cement and sealed up. I called a local cement company and was surprised to find that would only cost a few thousand dollars to fill up the hole.

Now that I knew how much money would need to be spent on repairs, I checked with a local real estate agent to find out the value of the townhouse. The agent told me that the property was worth $130,000. I was now ready to make the bank a very low offer.

I knew that the bank did not want the property and was willing to sell it at a huge discount, so I decided to make a very low offer. I told the bank's real estate agent that I could offer the bank $21,400 for the townhouse. Evidently, the bank thought the property was in worse condition than it was because my offer was accepted! That's right, I paid only $21,400 for a townhouse worth $130,000.

Now that I had a very good deal, I wanted to minimize my risk. I did not want to do any repairs to the property. As soon as my offer to the bank was accepted, I turned right around and "flipped" the property to an investor for $55,000. I told the investor to call the City of Dumfries and verify what I had been told. He checked and realized that problem amounted to filling a hole with cement. The investor was happy to buy a $130,000 townhouse for only $55,000. My profit on this deal was $33,600.

You might be wondering why I don't keep properties and have them fixed up, then resell them for a larger profit. Sometimes I do. However, if I'm in the process of fixing up a house and another good deal comes along at the same time, I'll quickly resell the newer deal to another investor. This way, I'm able to keep looking for more good deals, rather than spend all of my time getting houses fixed up.

You can find great real estate foreclosure deals like this in every area of the country. To make good money in real estate, all you need to know is how to find good deals and resell them to other investors. And don't worry, finding investors is covered in detail in the course. The real-life deals you've read are no more complicated than they seem. All I did, in each case, was find a property that I could buy at a deep discount, then quickly resold it for a large profit. Each of my three courses will give you easy, step-by-step methods that will teach you how to make big profits with foreclosure real estate -- the exact same way that I'm doing it.

Foreclosures Are Not the Only Way to Earn Quick, Solid Profits in Real Estate...

NOW AVAILABLE! Probate Houses: A completely NEW way to make tens of thousands of dollars in real estate!

A probate house is a house that someone has inherited. Many people who inherit a house would like to sell it quickly. They are willing to sell it at a deep discount just to get rid of it quickly so they can get their inheritance money. It is shocking how cheaply you can get probate houses -- and how much money you can make with them!

How To Make Big Money With Probate Houses goes hand in hand with my foreclosure courses. Now you can double the amount of money you can make by getting pre-foreclosure and probate houses! The people who make the most money in real estate investing know how to find good deals several different ways. Now YOU can do the same.

A real-life example of a probate deal:

My most recent deal this year involved a probate house in an excellent location in Washington, D.C.

There was only one heir to the property and I sent her my tried and tested 'probate letter' (which is included in the course). She called me a week later and said she wanted to sell the house right away but did not want to make any repairs to it. I asked her if she would consider selling at a discount if I bought it 'as is'. She said said she would consider it.

I met her at the house and was surprised at its condition. It was in fairly good condition and did not need many repairs.

I knew the house was worth $600,000 because of its great location so I offered her $406,500 for it. I was not surprised when she gladly accepted my offer because many people who inherit 'fixer-upper' houses do not want them.

Since I did not have any other houses at the time, I decided to fix the house up and resell it so I could make the most money. I had the house painted and replaced all of the carpeting. I also remodeled the kitchen and bathrooms. This may seem like a lot of work but it sure paid off! I sold it several months later for $601,250. My profit after deducting for fixup costs, bank loan costs, and a real estate agent's fee was a huge $116,500! This was my biggest profit in real estate to this date.

I know that some of you do not have the money to buy a $600,000 house. That's okay because you could have flipped a deal like this and earned a quick $50,000. How? Let's take a closer look: The house was in an excellent location meaning that many people would want to buy the house. It didn't need a lot of serious repairs -- just cosmetic repairs and kitchen and bathroom remodeling. It would have been easy to flip the house without doing any repairs or using any of your money for $456,500 (remember that you only agreed to pay $406,500). Your profit on this deal would be a fast and easy $50,000.

How can you flip a house like this so easily? Because the buyers will all know its value is actually $600,000 and they are getting it for only $456,500. How many people do think would jump at the opportunity to buy a $600,000 house for only $456,500? The answer is anyone who is looking for a house in this price range.

You can use my methods to make tremendous profits with probate houses without spending a lot of time or money. You don't need a license. You don't need a college degree. You don't need any experience in real estate at all. All you need is a $10 contract deposit and a few hours of spare time each week.