Foreclosure Bargains Blog

Take a FREE Workshop at the National Foreclosure Institute

At the FREE National Foreclosure Institute™ workshop, you can help find properties faster, easier, and possibly well before the competition even knows they’re out there! This free workshop also focuses on strategies that are perfect for the novice and pro investor alike.

Learn why this market is primed for you to take advantage of the foreclosure niche

• Hear how Ann got started in real estate, and how her first deal landed her an easy $15,000

• Discover the latest technology that pinpoints new foreclosures as they are listed

• Learn Ann’s three time-tested, proven strategies to begin to make money on foreclosure properties

Foreclosure rate at a 30-year high
It’s a sad truth, but because of the increasing number of interest-only loans, adjustable ARMs, and the sagging market, everyday people are getting into trouble by buying more house than they can afford.

That’s why there are more foreclosures in 2007 than ever before.

At the FREE National Foreclosure Institute%u2122 workshop, you can help find properties faster, easier, and possibly well before the competition even knows they’re out there! Click Here

Link to Explore: Trump University Free Foreclosure Event

Trump Unversity is putting on a special even, teaching the profit secrets of forclousres. Here is a bit from “Investing in Foreclosures? The Fundamentals Still Apply by Michael Sexto, President of Trump University:

When you’re buying foreclosed properties, you can throw away all the classic wisdom about real estate investing, right? It’s a whole new world with new rules.

No, wrong. The fundamental rules apply, only moreso. Let’s take a closer look.

Rule One: Foreclosure or not, location is still of prime importance. You still need to look for properties in locales that promise growth and appreciation. So always consider the trends in municipalities where you might buy investment property. A new commuter line, a new hospital or a new school can dramatically increase property values. Even though you will find more foreclosures in dying communities, stay away from them. Location is still king.

Rule Two: There must be a way to increase the value of what you are buying. If there is no potential for growth, why invest? Remember, not all foreclosures are the same. As with all properties, some are standouts and some are duds.

Rule Three: Cash flow is still king. Even if you are applying a prudent“buy and hold” strategy, how will you generate income from your holding? Remember that the “on paper” value of the properties you own is fine, but that negative cash flow can drain the lifeblood from your investments and sink you.

Rule Four: Comparable values are still the yardstick for success. Comps are the yardstick you must use to evaluate the potential of your investment. So do the math. When buying a house to renovate and sell, deduct the cost of your renovations from its fair market value. That’s how much you should pay, not one cent more - whether the property is a foreclosure or not.

Rule Five: You still need expert advice and counsel. Buying a foreclosure does not entitle you to get sloppy and make decisions on the fly. You need a good attorney, a capable home inspector and all the other pros who can help you minimize risks and avoid mistakes.

Rule Six: Take your time. Even with “foreclosure fever” in the air, the first foreclosed property you see is probably not one you should buy. Yes, there might be a limited period of time left to take advantage of the current foreclosure boom. But that doesn’t mean that you should rush to snap up the first property you consider and make unwise mistakes. You need wisdom on your side. If you don’t know where to get that wisdom, I’d urge you to investigate all the new foreclosure seminars we are hosting this month across the country - and sign up now at this link