How to Buy Bank-Owned Properties for Pennies on the Dollar A Guide To REO Investing In Today's Market

by Adams, Jeff

• ISBN13: 9781118018347
• ISBN10: 1118018346
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-11-08
• Publisher: Wiley

Summary

Bank-owned properties are one of the hottest investment opportunities on the market.  This book will offer a step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with banks, sell your property on your own, and win big in real estate.  Here are just a few of the topics covered: How to buy from banks directly, including negotiation tactics How to find the best deals in your market How banks want you to deal with them, and how to present yourself as a strong buyer How to secure your financing HUD & VA auctions By using Jeff's 15+ years of experience, you'll have more deals than you know how to handle.  You'll learn how to utilize simple ready-made worksheets, checklists, forms, and agreements that make getting started easy.  Even people of modest means can get into REO  investing - all it takes is a little hard work, persistence, and the tools you'll find in this handy book.

Author Biography

JEFF ADAMS is the nation's leading expert in in foreclosure and REO investing. His automated internet-based systems for attracting buyers, sellers, and investors have enabled him to be involved in hundreds of transactions since 1995, and during many of those years he worked as a full-time firefighter!

Table of Contents

The Investing Opportunity That Won't Come Again in Your Lifetime	p. 1
The Perfect Nightmare for Bankers-A Dream Come True for Investors	p. 3
Why REO Investing Saves Time, Hassle, and Money Compared with Traditional Preforeclosure and Short Sale Investing	p. 15
How to Overcome Your Fear, Set Goals, and Get Started	p. 27
Overview of the REO Deal	p. 43
REO Deals, Step by Step	p. 51
Where to Get the Money	p. 53
How to Research Your Market, Create an Investing Plan, and Develop an Exit Strategy	p. 69
How to Get Ready for Your First Deal and Build Credibility	p. 81
Where to Find the Best REOs in Your Market	p. 99
The Importance of REO Agents: Finding the Best and Getting Them on Your Side	p. 119
Buying REO Properties at Auction	p. 129
The Right Way to Evaluate Deals and Price a Property	p. 141
How to Make an Offer and Negotiate with Banks	p. 159
Getting the Paperwork Right	p. 175
How to Avoid the Most Common Mistakes Investors Make	p. 189
Exit Strategies	p. 199
Wholesale Your Property to Another Investor	p. 201
Fixing Up and Selling the Property at Retail	p. 209
Buying and Holding: Renting the Property for a Positive Monthly Cash Flow	p. 217
Addendum: Understanding Buying Formulas	p. 225
Glossary	p. 233
About the Author	p. 243
Bonus Offer Just for You!	p. 244
Index	p. 248
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