new investor here

**Codythebest** · 11-28-2006, 06:12 AM

Originally Posted by RE_Investor

If you are willing to do the footwork, your best bet (in my opinion) is to try to purchase the property from the owner. Even after the foreclosure they have a redemption period to purchase the property back or sell it. Many sellers are motivated at this point to walk away with the some money.

I agree. Finding the motivated seller just before foreclosure is best.

**Denise Andreacchi** · 02-02-2007, 04:13 PM

As an agent here in Toronto, Canada. We always check with the banks. Ask the manager of your local bank they may help.
Regards

**REbuyersgroup** · 02-03-2007, 11:39 AM

Better than a forclosure. Brand new homes at foreclosure discounts.

I have a developer in trouble on the west coast of FL. North of Tampa.
We have 35 homes at 30%+ off appraisal value. 4 of them are the builder model homes he wants to keep and will lease back at 6% of the purchase price with option to buy back. About 10 of the homes will not be complete for another 2 months.

Great opportunity. We are looking for a single bulk deal on the entire package, or will split into blocks of at least 5 homes minimum.

Lets talk!

-Craig

**Denise Andreacchi** · 02-03-2007, 02:02 PM

Please send more information.
Regards

**timtarpley** · 02-05-2007, 05:33 PM

My advice is that foreclosures can be excellent investments, but they can also be just as expensive as privately owned properties - and often much more work.

**hollyshelly** · 03-15-2007, 01:04 AM

I would recommend trying to get Chris Harris from scbuyshouses.com
as your mentor.

Good luck in all of your business ventures!

**Shayna27** · 03-21-2007, 10:22 PM

You can find foreclosures usually in your local newspaper, usually the smaller, cheaper ones because they dont want to be spending a lot of money every week on the notices. It will tell you the date and time the auction will be at the courthouse. From my experience there will be a lot of people there that want to get their hands on them so the competition is high. You usually need to have a chashiers check available for the full amount. Sometimes it will be hard because as a new investor it may be a bit intimidadting, there will be people there with lots of money who are willing to outbid you. Sometimes you can get lucky though. Just dont get caught up in the auction any pay more for the house than you can make a profit on. This is how it works in california, most states are similar. Working in probate real estate is a lot easier as there is no competition. That is what i do. So if you ever get overwhelmed you can look at my website webuyhomesinprobate.com and it will give you a good idea on how it works. Good luck!!!