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Foreclosure Notices

January 29, 2008

For those that may not believe that foreclosure and preforeclosure real estate investing is where you it’s at, there’s an interesting read that came out today about the current foreclosure rates.

Here’s the article:

Click Here

The fact remains if you’re not investing in preforeclosures then you need to implement a preforeclosure strategy immediately. This way, you can grab the property before it hits the foreclosure sale.

I love the preforeclosure arena for various reasons but I love facing the deadline, knowing you’ve got days, hours ticking away that you’ve got to push to get the deal done. It’s really an adrenaline rush with a big payday in the end if I’m smart with my investment.

But, in order to succeed, you’ve got to treat this like a business instead of get rich quick money maket.. Now, what do I mean - you ask?

Well, for starters you’ve got to gain the necessary knowledge. And then you’ve got to put the action into place.

Action is the real secret ingredient for success.

I have people emailing me all the time - I need to get my first deal done. I’m tired of struggling

To those, I have the following questions:

How long have you put off gaining a list of homeowners in preforeclosure- whether it be a subscription or you gather the leads from your own courthouse research?

Have you sent them any Preforeclosure letters?

Have you ran any Real Estate ads?

Have you looked at any houses whatsover?

Have you made offers?

It’s a proven fact that if you fail to make offers, then you’ll never buy a house. Period.

Now I gotta go check on my contractors - we’re having hardwood floors installed.

Derek

PS- What do you need help with? I’m interested to hear your concerns and questions, so post them to the comments section below

Comments

2 Responses to “Foreclosure Notices”

  1. Angelina on January 30th, 2008 1:14 am

    Hi Derek!! I am a siingle mother of twins trying to get started in the real estate business. I want to flip, but I need advice on the best way to go about it. I don’t have the best credit, so that’s out.. I know you say find out the owners in preforeclosure.. I am in the process of doing just that.. What next??

  2. Elena on January 30th, 2008 4:55 pm

    Hi Derek!
    I’m also a single mom of twins, wow, what a coincidence! My question is, what’s the best way to get motivated sellers calling you? I haven’t marketed myself due to limited resources and because of my work schedule I’m not able to go to the court house. I’m not good at cold calling at all, I forget to ask details because I get too nervous. I’d appreciate any help or suggestions you can offer.
    Thank you for your time!

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