These days you can’t go too long without
hearing about the housing bubble burst and
the slew of foreclosures taking place in the
US. With so many homeowners facing
foreclosure the market is ripe for both
seasoned and novice investors.
There are different strategies for
investing in foreclosures and people should
stick to the one that most reflects their
investment goals. When scouting the market
for foreclosed homes there are many
resources that you can rely on, some free
and some costly.
One option that foreclosure investors
have is paying for a foreclosure listing
service; many websites offer these for a low
monthly fee. However, since this information
can be obtained for free many investors
choose to do their own legwork and get these
lists directly from lenders or county record
offices.
For the most part the results are the
same, although if you do get a paid listing
service make sure to research the company as
some have more up-to-date lists than others.
Another great resource is a local realtor,
if you have the option cross reference your
lists with the realtor’s knowledge of
neighborhood statistics.
They can help by telling you valuable
information such as what price ranges houses
have been selling at in specific areas. Also
be sure that the person you’re working with
has your best interests in mind and not
their own.
Overall, buying and selling foreclosed
and pre-foreclosed homes can be lucrative
investments. Just make sure to take your
time and research any opportunity before you
commit to a project that you might not be
able to handle.
If you’re interested in receiving
foreclosure investment training check out
the two highest rated and most popular real
estate educators
Alexis McGee and
Lance Young.
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