29 December 06 - 12:50In Economic Slow-Down, Real Estate May Be Best Investment
For immediate release:
With stocks on an apparent roller-coaster ride, investors make steady profits in real estate and particularly preforeclosures.
Alexandria, VA -- With the rising level of uncertainty in the stock market, a lot of investors are looking to preforeclosure real estate to make a steady profit. Still others are skeptical, believing that you need to have a lot of cash on hand to get started. Surprisingly, it's really very easy to get started in preforeclosure real estate, and if you go about it the right way, you can start making profits with an investment so small that it's probably in your wallet right now.
Lance Young, founder of www.propertyforeclosure.com has been making money with preforeclosure real estate since 1987, and is now making his secrets available to the public.
He says, "Most people think you need a license, experience, or a lot of cash to get started in preforeclosure real estate investing. All you really need, however, is ten dollars, a few hours a week, and some good instructions." Those instructions are what Young is providing.
Young has learned how to profit over $53,000 per year with about 10 hours of work per week. He has taught his preforeclosure method to dozens of people, and many of them are earning $100 per hour or more.
"What I'm talking about is buying and selling preforeclosure properties. Homeowners who are being forced to sell their homes at foreclosure auctions would much rather sell to you at deep discounts that lose it at auction.
You don't need any real estate experience to be successful with preforeclosures; all you need to do is find the homeowners who are faced with this situation. And, the risk is minimal because I guarantee your success," says Young.
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27 December 06 - 14:14How I made $11,000 on my first probate house
First-time Probate House Profits
"When we first met Lance Young at the Real Estate Expo
in Las Vegas in February 2005, we were a little skeptical
about buying some materials that cost less than $150
figuring there could not be much information in there.
Boy were we wrong!!!!!
Lance's material is simple to understand (we were newbies)
and straight forward.His sample probate letters work!!!
We sent out our first batch of letters(only 28) and started
getting calls. Not everything was a deal of coursebut it
generated leads which is what everybody wants, right????
Our second batch of letters (only 17) landed us our first
purchase. A half duplex for $107,246. We updated the
property and resold it 6 months later for $157,000. After
it was all said and done, we made a profit of over $11,000
(and we made every mistake possible).
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27 December 06 - 14:14How To Buy Bank Foreclosures For Big Profits
This is the table of contents for one of my courses,
"How To Buy Bank Foreclosures For Big Profits".
This course provides detailed information on profiting
on bank owned houses.
Table of Contents
Introduction
Chapter 1
Why make money in real estate?
Chapter 2
What is foreclosure?
Why homeowners get into foreclosure
Why so many homeowners fail to save their properties
What you need to know to get started
Chapter 3
What is an REO?
Why banks get stuck with REOs
Why banks want to get rid of REOs as quickly as possible
How you can profit from REOs
Chapter 4
Three methods for finding REOs
REOs you should not waste time on
REOs you should not buy
What to do after you have found an REO
Chapter 5
How do I find the fair market value of an REO?
Appraisers
Real Estate Agents and why you need one
How can I find a good real estate agent?
Chapter 6
An easy-to-use formula to find out if an REO will be profitable
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27 December 06 - 14:11Foreclosure Bargain Hunter Earns $20,000 On First Deal!
Find out how you can be my next student who
earns $20,000 on your first preforeclosure deal!
Did you know that people just like you are making
fantastic profits with preforeclosures? Just look at this
recent testimonial by William Davis of Philadelphia,
Pennsylvania. After seeing how easy his first
preforeclosure deal was, and the huge profit he made
by following the easy steps in my course,
you will see that you can do the same thing.
Preforeclosure Bargain Hunter Earns $20,000 On First Deal!
Unedited Testimonial:
“I began on this journey on a full time basis in
January and just got my first deed to a property.
It was a text book case. Vacant property in the
foreclosure process, owner who had abandoned
the property is living in New Mexico and had to
be tracked down (unlisted phone number, etc.)
and best of all, she turned over the deed for $100
just to be done with the whole thing. My investor
and I will realize about $20,000 apiece upon sale
after all expenses are taken care of. Not bad for
a first deal!!!'
Let’s look at what Mr. Davis did.
1. He found a preforeclosure house by using the
methods outlined in the course. (you can find
preforeclosures in your area in less than ten
minutes a day)
2. He contacted the homeowner by tracking her
down in New Mexico.
(the course outlines many ways to easily find
homeowners in preforeclosure who have abandoned
their houses)
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27 December 06 - 14:10How many thousands would you like to earn?
- Find Out How Much You Can Earn In Real Estate!
by Lance Young
One thing that’s always fun to do is figuring out how much you can make on a real estate deal.
You can make HUGE profits with preforeclosure and probate houses using only a $10 contract deposit. But why make $5,000 on a deal, when you can just as easily make $10,000?
With any real estate transaction, there are FIVE different costs that must be added together before you can figure out your profit. Keep in mind that you do NOT need to actually buy the house. You can easily “flip” the house for a large profit.
These FIVE costs are:
1. The price you agree to pay for the preforeclosure
or probate house.
2. Closing costs. These are costs to
have the ownership of the house
transferred to you or the person you flip
the house to.
3. Carrying costs. These are monthly costs,
such as interest on a loan, utility bills, and
property taxes.
4. Fixup costs. The cost of getting the house
into marketable condition.
5. Marketing and selling costs. The cost to
market and sell the preforeclosure or
probate house.
Add these five costs together and deduct them from the price you sell the property for. This gives you your profit. Simple and easy. Use these costs whenever you find a good probate or preforeclosure house deal.
After you have used this simple formula a few times, you’ll be able to calculate the profit in any real estate deal within 5 minutes!
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27 December 06 - 14:09Earn Big Profits In Your Own Backyard!
- Find out how you can earn huge profits in real estate in your own neighborhood!
by Lance Young
In every neighborhood throughout the United States there are many opportunities to earn tens of thousands of dollars in real estate. The key to making huge profits in YOUR neighborhood is being able to recognize opportunities and act on them before they pass you by.
Two of the best ways to make big profits in real estate are with preforeclosure and probate houses.
PREFORECLOSURE HOUSES:
There are houses in foreclosure in EVERY neighborhood and every price range. Chances are, one of your neighbors has lost his house to foreclosure and you did not know about it.
A house goes into foreclosure when the homeowner does not make his monthly mortgage payments. When several payments are missed, the bank has the right to sell the house at a public foreclosure auction.
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27 December 06 - 13:57Real Estate 'Flipping'
Every good house deal you find has the potential to be a
“flipper”. A "flipper" is a property purchased for a quick
resale profit, usually in less than six months.
Some properties are ideal for fast resale profits. For example,
if you buy a foreclosure property at a bargain price, it can
often be "flipped" to another buyer for a handsome profit
within a few days or weeks.
Flippers are especially attractive to beginner real estate
investors who want to quickly build up their working capital
from profits of buying low and reselling higher. There's nothing
wrong, illegal or unethical with flipping real estate and earning
fast resale profits.
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27 December 06 - 13:55Introduction - How To Buy Preforeclosure Houses For Big Profits
This is the Introduction to my most popular course, How To Buy Preforeclosure Houses For Big Profits.
INTRODUCTION
WHY THIS COURSE WAS WRITTEN AND WHAT YOU CAN EXPECT FROM IT
This course was written with a single goal in mind: to provide you with information that will make you tremendous profits with preforeclosure properties.
You are holding the most powerful tool that a beginner in real estate investing can own. This comprehensive course is designed to take someone with little, or no knowledge of real estate, and help that person become a successful investor.
You are about to learn the exact steps needed to buy properties at extreme discounts, then turn right around and resell them for a large profit. When you are finished with this course you will have a good fundamental knowledge of real estate, and more importantly, preforeclosure real estate.
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27 December 06 - 13:52Interview with Lance Young - Making money with preforeclosure houses
From time to time, I am interviewed by radio stations, newspapers and other media. Here is a transcript from one such interview that appeared in print.
Pre-foreclosure Purchases
1. When you purchase a pre-foreclosure, do you go through a escrow company who handles the disbursement of all the funds, reinstatement and transfer of title?
Yes, I use an escrow company for all of my deals. In addition to disbursing all of the funds properly and transferring the title, escrow companies ensure that all documents are correctly filled out and signed.
You should also obtain title insurance through the escrow company. Obtaining title insurance from the escrow company is very important because it insures you against any defects on the title
2. How do you find out the total amount needed to stop the foreclosure – reinstatement cost and loan balance?
To find out the reinstatement cost and loan balance you would have the homeowner sign a “disclosure authorization”. This is as simple as having the homeowner write down his or her name, address and loan number on a short note that states the bank has permission to release this information to you.
3. When you buy a pre-foreclosure, how do you make sure the loan is reinstated?
Reinstating a loan means you are paying all of the missed payments, late fees and foreclosure attorney fees so the loan is brought current. There is still a mortgage balance left once the loan has been reinstated. In order for you to purchase the pre-foreclosure you would need to get an entirely new loan to buy the pre-foreclosure because it is unlikely that the bank would allow you to assume the existing loan.
4. Once you have negotiated a purchase price with the owner, what steps are involved before you can close the deal and how long do those steps usually take?
Once you have negotiated a purchase price with the homeowner you would sign a sales contract. The next step is to take the contract to an escrow company so they can start the settlement process. Assuming you have financing, it can take anywhere from one week to three weeks before you can proceed to settlement, depending upon how many cases the escrow company has at the time.
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23 December 06 - 19:31Why Now is the Perfect Time to Learn Fresh Angles in Real Estate Investing
Avoid the pitfalls of foreclosure investing, and earn huge profits with two little-known, low-risk kinds of real estate!
Every week I get emails from aspiring real estate
investors who are eager to reap the rewards of real
estate profits, but not sure of the best way to get
started. I was once in that position myself, and that's
why I put together my step-by-step courses on
preforeclosure and probate real estate.
Preforeclosure and probate real estate are the two
best bets for any first-timer. Why? Here are four reasons.
Reason #1: Preforeclosure and probate houses are
the two most profitable areas in real investing today.
If you haven't heard this before, that's because these
types of investing are a well-kept secret. They're
overlooked by more than 95% of investors, but in my
courses you get the low-down on how to turn a profit
on preforeclosure and probate real estate with just
$10 of your own money.
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22 December 06 - 12:35Opportunity Passing You By…
We are in the best preforeclosure market in 15 years.
Are you going to let this pass you by?
You may have heard that you can earn big
profits by investing in real estate. But did you
know that there are TWO ways you can
profit in real estate investing?
Both preforeclosure houses AND probate
houses represent the best opportunities for
profiting in real estate.
These little-known methods have been used
for years by a very small group of real estate
investors who have been quietly making a
fortune. Now YOU can learn these secret
methods and make tens of thousands of
dollars per deal. Best of all, you can do deals
with a ten dollar contract deposit!
After your first profitable deal, you will
probably have enough money to quit your
present job and start investing in real estate
full time.
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20 December 06 - 14:18Table of Contents - How To Buy Preforeclosure Houses For Big Profits - Table of Contents
This is the table of contents for one of my courses,
"How To Buy Preforeclosure Houses For Big Profits".
This course takes you step by step through the process
of earning large profits on homes that are in foreclosure.
How To Buy Preforeclosure Houses For Big Profits
TABLE OF CONTENTS
Introduction
Chapter 1 ................................................................................................. 1
What is a foreclosure?
How do homeowners get into foreclosure?
Can a foreclosure be stopped?
What is the best way to make money with foreclosures?
Exercises
Words & Terms
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20 December 06 - 14:15The cover letter that I include with each preforeclosure course.
This cover letter explains the order in which the foreclosure courses should be read.
Dear Real Estate Investor,
Thank you for ordering these money-making real estate courses. I have taken great care to make sure they will be easy for you to read and understand. They are the most comprehensive foreclosure and probate investing courses available.
I hope that you will get started right away because you will not believe the amount of money you will make with foreclosure and probate houses. It is not unusual for first-time real estate investors to make over $10,000 on their very first deal!
It is important that you go through the courses in order. Start with How To Buy Preforeclosure Houses For Big Profits. This course contains all of the fundamentals you must know to begin investing in foreclosure houses, and at that point you are ready to begin buying and selling them. Next, read the bonus booklet How To Buy Property Liens For Pennies On The Dollar And Cash Them In For Full Value. This powerful money-making booklet shows you how to maximize your profits on preforeclosure houses.
The next step is to read How To Make Big Money With Probate Houses. The methods found in this course, as well as the methods in How To Buy Preforeclosure Houses For Big Profits, can be done with only $10 startup capital.
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20 December 06 - 14:06Interview with Lance Young - Foreclosure Auctions
These are frequently asked questions and answers regarding foreclosure auctions.
1. How do you find out if a property is vacant before bidding at auction?
If the bank has reason to believe that the house has been abandoned, it has the right to have the house inspected and the locks changed. This is because the house is security against the loan that was made on it and the bank has the legal right to preserve its stake in the house. If a bank does this, it will post a sign by the front door stating that it has secured the house. This is the only sure way to find out if a property is vacant before bidding at the auction.
There no sure-fire way to know if a property is vacant, however, you should always drive out to the property and take a look. Homeowners will often take the curtains with them when they vacate a property which makes it easy to see that no one lives there.
I always knock on the front door because you can usually get a good view into the house from this point. If the curtains are all up and I am not certain, I will talk with the neighbors and ask if they have seen the homeowners lately. You can try calling the bank or the foreclosure attorney but they will not usually tell you because of liability reasons.
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04 December 06 - 13:16The Good and the Bad of 'Flipping' Preforeclosures
Every preforeclosure has the potential to be a "flipper" or a "keeper." If you are not familiar with those real estate terms, a "flipper" is a preforeclosure that is bought for a quick resale profit, usually in less than six months. But a "keeper" is a preforeclosure that is kept as a rental income property.
Some preforeclosures are ideal flippers. For example, if you buy a preforeclosure property at a deep discount, it can often be "flipped" (meaning sold) to another buyer for a handsome profit within a few days or weeks.
Flippers are especially attractive to beginner real estate investors who want to quickly build up their cash reserves. There's nothing wrong, illegal or unethical by earning fast resale profits flipping preforeclosures.
However, sometimes a preforeclosure that looks like a quick, easy resale with a large profit turns out otherwise.
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