No matter what the current market is where you live, you can be successful at making money with real estate. Although many people think that making money with real estate requires starting out with millions of dollars, you can actually start by investing as little as ten dollars. How? With foreclosure investing.
Foreclosure investing is an effective way of making money with real estate in any market, whether it’s a buyer’s market or a seller’s market. In any real estate market, there will be people who need to get out from under their mortgages, as well as investors who are interested in buying houses at a deep discount. Your job (and the key to making money with real estate in this situation) is to put these two groups of people together. You offer the homeowner a price that will cover what he owes, then sell to the investor at a profit.
Making money with real estate through foreclosures is relatively easy, because, with foreclosures, you’ll be working with motivated sellers. Homeowners who are in pre-foreclosure want you to help them get rid of their mortgage burden; they have passed the point where they’re motivated by making money with real estate. And while you may be motivated by making money with real estate, you’re also offering them a way out of a stressful situation, as well as helping them to salvage their credit.
You can be successful at making money with real estate through foreclosure investing, even if you have no real estate background, even if you have no cash to “play with,” and even if you have a bad credit history. In other words, if you’ve always dreamed of making money with real estate, foreclosure investing is an excellent way to start.