subject: How To Buy Foreclosures With Private Money [print this page] How To Buy Foreclosures With Private Money
How are you supposed to scoop up all the great foreclosure deals out there for pennies on the dollar when you don't have any of your own money?
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Maybe you???ve bought a few properties and now you're tapped out...hey, I've been there before. It was just a few short years ago when I relied on banks, mortgage companies and lines of credit to buy my investment properties. And then...
These big bloated bailed out Wall Street banks don't want anything to do with lending you or I money to buy real estate anymore. So, how do you get the cash to:
*Buy foreclosures and HUD repos?
*Snag bargain short sales?
*Grab killer apartment deals?
And it's no secret that you need access to cash in order to take advantage of this "foreclosure boom."
Let's face it... the old ways of doing things don't work anymore. It's a different market today, so you need a strategy that WORKS - right here and right now. The old "no money down" techniques don't work in foreclosures. You need to have the gold so you can make the rules. You need a bullet proof and recession proof all-in-one strategy to put money in your bank account.
Fortunately, a few years ago (as the foreclosure tidal wave was hitting) I finally cracked the code and developed a turnkey system to have PRIVATE INVESTORS fund all of my real estate deals. The results surprised even a grizzled, in-the-trenches real estate veteran like me...Grab A Copy Click here
In the past two years alone, I've flipped over 100 houses in one of the worst economies in the country! That???s right: I live and invest in the great old Motor City of Detroit, Michigan. We have over 16% unemployment, thousands of foreclosures and burnouts and lots of abandoned factories. But guess what...
I still made hundreds of thousands of dollars flipping real estate in the last few years alone despite all of the economic doom and gloom. Was it because I had some magic system for buying houses? Was it because a genie came out of a bottle and granted me a wish? Hardly!
After I had a pipeline of private investors to fund my deals, everything changed...
*I saw all the mistakes I made while I was messing around with other financing techniques that didn't work in today's market
*My offers starting going to the top of the stack instead of the bottom of the trash can.
*The best foreclosure opportunities started landing in my lap before anyone else knew about them
*REO agents and bank asset managers started paying attention to me and they quit shredding my offers
*I learned what works and what doesn't when negotiating foreclosure deals (and what to do in every situation)
*My life went from 80 hours at the office to less than 20 and my income tripled
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