16 January 08 - 11:37Making Money with Real Estate: Pre Foreclosure Investing

Interested in making money with real estate? Consider pre foreclosure investing ― a great way to begin making money with real estate, without the usual financial scrutiny. But before you start in the world of pre foreclosure investing, you should understand a little about the inner and outer process the owner of a pre foreclosure property may be going through.

You have about three weeks (the usual pre foreclosure period before the foreclosure auction) to contact the owner of a pre foreclosure property, as well as complete the paperwork and title search, obtain funding, etc. Navigate the pre foreclosure period well, though, and you’ll be on your way to making money with real estate.

It’s important to consider that most owners of pre foreclosure property are highly stressed and may be mad at the world for the situation they’re in. At first, they may not be friendly or open to your offer to buy their pre foreclosure property. Though your goal is making money with real estate, their goal, though they may not know how to achieve it, is making it all go away.

So, your more immediate goal is not making money with real estate, but making them realize that you can help them make it all go away, by buying their pre foreclosure property. Help them realize you can rid them of the mortgage debt they’ve fallen behind on, and help their credit remain as unharmed as possible.

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