Real Estate Investing Facts

Have you ever wondered if it was possible to replace your current income through real estate investing?

Perhaps you are interested in investing in real estate as a means to put your children through college or retire from your current nine-to-five, live the lifestyle of your dreams, and enjoy your “golden years”.

Regardless of your financial objectives, I can’t emphasize enough the importance of establishing very, very clear goals for real estate investing. You are more likely to be successful in the real estate game if you have a clear vision of what you’d like to accomplish from your real estate dealings.

Do you know what your goal(s) are? Have you defined a plan to achieve that goal? Have you established clear benchmarks so you’ll know when you’ve achieved your goals?

Don’t sweat it.

While establishing clear goals and objectives is absolutely critical to your success in real estate, this topic is a bit complicated and somewhat personal. There is no clear answer since everyone has different goals. People’s reasoning for investing in real estate will vary from one person to the next.

Foreclosure investing in Canada

It’s all a matter of “goal setting”. It’s about asking the right questions BEFORE you make that jump into investing in real estate. Here’s what I mean:

What is my underlying real goal for real estate investing?

Is there something other than real estate investing that I should investigate in order to achieve my goals?

What specific steps do I need to take to achieve my goals?

What specialized knowledge do I need to actually take the necessary steps and achieve my goals?

How will I know that I’m making progress towards my goals? How will I know when my goal has been totally achieved?

Are my goals in conflict with my value system? What should I do about this?

Once you’ve answered some, if not all, of these questions, there is a stronger likelihood that you will enter real estate investing with a clear perspective and understanding of what you’d like to accomplish.

For instance, if you need to turn money quickly, you’d probably be more inclined to find a cheap property, maybe something available at foreclosure that doesn’t require a ton of costly renovations, to flip at higher resale price and produce profit.

Aiden Win

Mr. Foreclosure

P.S. If you’re looking to supplement your current income or put money into savings, you may want to find inexpensive properties in pre- foreclosure with potential to be an income producing rental property.

Members of the Foreclosure Insiders Club can access a list of pre-foreclosures in their area that desperate homeowners may sell at bargain for less than the actual market value! Join today to stay one step ahead of other investors and realtors who don’t have access to this information!

pre foreclosures in Canada

Set Your Goals

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Contacting pre-foreclosures home owners is sometimes easier said than done.  The owner is probably being contacted by attorneys, flooded with phone calls, mail and bill collectors.  The only methods of contacting the home owners would be by phone, mail, email or in person. 

 The best way to start is by mail or email.  Let them know in your letter or email that you are a private investor looking for property in their area.  Make sure the property owner understands that you may be able to help him with his financial situation. 

 Exhibit an understanding of the home owner’s situation.  Indicate in your correspondence that you may be able to stop the foreclosure.  Suggest that you might be able to save their credit rating, and even supply some cash to help pay their bills and help with moving expenses if necessary.

 Include your business card and suggest that the home owner give you a call at their earliest convenience.  If within a week or two you have not yet herd from them, send another letter worded more urgently.  If the auction date is getting closer you may want to send a few letters each month.

 If possible follow up your letters with phone calls. Making a phone call is obviously the fastest way to contact the home owner.  Remember this is a very stressful time in the home owner’s life, be polite, sympathetic and don’t be pushy.  Try not to discuss the details with the owner over the phone.  Just explain to them that in order for you to determine if you can help them, it would be best to meet at their home.  Explain to them that the meeting will be more productive if they have the loan, mortgage, and insurance documents available, as well as their foreclosure notices.

 Once you decide to make an offer on the property, you will need the loan number, ownership means, and debt (or lien) information.  Take this opportunity to determine the condition of the property, as well as the emotional stability of the property owner.  When you include the market value and the amount in default, you’ll have all the information necessary to formulate your offer.

 If you decide to just drop by and talk to the home owner in person with out at least having sent a letter in advance be prepared to be asked to leave.  People in general don’t like talking to someone who just shows up at their door about their personal affairs.

Hans Anderson

Foreclosure Investing

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To make money as a real estate investor, you really only need 2
things:

1. A motivated seller

2. Know how to do no-money-down deals

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Last time we covered how to find a motivated seller. Today, you will discover how to buy real estate for no money down. If you are like me when I started, then you probably don’t have tens of thousands of dollars in the bank and you probably don’t have the best credit score either.

If you do, that’s great!

But if you don’t, then doing “No Money Down” deals is exactly what you need to do to start earning some big, fat checks in real estate.

So how exactly do you do that?

To make big profits in real estate even if you have no money for down payment and no-credit to qualify for any loans or mortgages?

Well, have you heard about a double closing?

Here’s what it is…

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Double Closing- A closing is a process where title is delivered by deed from the seller to the buyer.

In a double closing you buy and sell back-to-back; you do not need any of your own money to purchase the property from the owner before reselling the property to your end buyer.

Here’s how a double close works:

1. You sign a written purchase contract on a property with a
motivated seller such as a pre-foreclosure.

2. You sign another written purchase contract with your end-buyer where your end-buyer agrees to buy the property from you at a higher price.

3. The only party that comes to the table with money is your end-buyer. If your end-buyer is getting a mortgage from the bank, the bank will send the money directly to a closing agent (a middle-man, could be a lawyer or notary etc).

4. The seller signs his house title over to you, but gives it to the closing agent.

5. You sign the title of the house (which you don’t own yet) over to the end-buyer.

6. The closing agent delivers the money to the seller for the
purchase price and you get the difference. (Here’s your fat juicy profit cheque)

7. The closing agent will then register the title in the end-
buyer’s name at the land title office. (by passing you completely)

That’s it!

And this is just ONE way of doing it, I know about 40 more strategies that can be used in various different situations!

What’s interesting is that even experienced investors who are worth millions do No-Money-Down deals.

It just makes sense!

So why not do what the rich are already doing?

If you do, wouldn’t you get the same financial results as they?

From my personal experience… you definitely will!

But wait, just because you understand how to do that, doesn’t mean you can make as much profits as you set yourself to make.

You need a DEAL to make money.

As Donald Trump says, “The money is in the deal!”

If you’re thinking of spending thousands or even tens of thousands of dollars in real estate courses, then stop right now!

I did that myself, and when I finished those courses, sure…
I had more knowledge, but I still had no DEALS to make money with.

It was not until I had a DEAL that I started making money… a LOT of money.

With my pre-foreclosure listings, you don’t have to waste your time sailing the ocean (or surfing the net) to look for real estate deals. You are getting the hottest deals where you live handed to you on a SILVER PLATTER!!

It’s only a matter of time that you get your first…second… and third bank-breaking deal!

And what’s more… Foreclosure Insiders Club members get access to my educational resources. including 8 ebooks.

The first one is “No Money Down”, a perfect place for you to start educating yourself!

Don’t be like one of my members:

“I just found out (too late) that a house down the street from mine worth 680K and it was let go for 250K… ARGG!!!! Again
this was an inside deal with no realtors and they were in
pre-foreclosure…”

Take action, your success is in your control!

To Your Success!

Aiden Win

Mr. Foreclosure

Canada’s Largest Database

P.S. There are deals right under your nose!
Join Foreclosure
Insiders Club and become a member of a small circle of insider investors who are making a killing on pre-foreclosures that the public doesn’t even know exist!

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NEW Foreclosures.com Investor Grade Listing Service by Alexis McGee –

Have you checked out our Foreclosures.com’s brand new investor grade listing service? As the original foreclosure website, built by investors, for investors, we added a ton of new features that we know you are going to love. Take a free test run here and see for yourself! Here’s how Foreclosures.com listing service gives our investor clients the edge

1. Digging for Gold

When investors search through the thousands of foreclosure properties, they need more information than the typical foreclosure website offers. A simple search of market value range and bedrooms or bathrooms is just not usable. We need a way to find the hidden deals within the masses, by searching for the amount of equity (or percentage equity) or searching by loan date for seasoned loans with equity. Both of the features are exclusive to Foreclosures.com members only.

2. NEW: Faster and Easier Searches

Brand New: Easy Searching and Displaying of your properties all on one page. Check out how easy it is to search by any or all of our 20 Search Criteria and see the Results Instantly with our Total Stage Counts for PreForeclosures, Auctions and Bank Owned notices. You can now adjust your search criteria and quickly see if you are getting the amount of leads you need as you do it!

3. Save Time, Save Your Searches

Once you find the perfect Search, save it and setup instant email notification. You’ll get all your hot leads sent right to your inbox every night at midnight. Start your day with the perfect lead list and get ahead of your competition right out the gate!

4. NEW: Saved Listings, Your Hot Deals

Have a really hot lead you don’t want to lose? Add it to your Saved Listings and be able to get instant access to that lead anytime you login to Foreclosures.com. Keep your best prospects with you no matter where you go on the road!

5. NEW: Compare Listings

Have a really hot lead you don’t want to lose? Add it to your Saved Listings and be able to get instant access to that lead anytime you login to Foreclosures.com Keep your best prospects with you no matter where you go on the road!

6. NEW: Expanded Full Property Details

Once you have completed a search and you have selected a property to review, check out all our new property details:
1. Maps: Aerial Image, Street Map, Hybrid Map
2. Map Overlays: Show Parcels, Zipcodes, Neighborhood, School Districts
3. Encumbrances (Liens and Loans)
4. Characteristics
5. Additional Information
6. County Information
7. Zestimate Information
8. Comparable Sales

7. Print, Export or Email your Leads

Whether you want to print right now, export to your database or excel file, or email your leads to another account — Foreclosures.com can help you. You can do it all.

8. Print, Export or Email your Leads

So take a test drive for yourself, and let me know what you think of our Brand New Investor Grade Listing Service at Foreclosures.com. We are really excited about the new list site and know you are going to love it too!

Copyright © 2010 Foreclosures.com
This article is available for free distribution under the following terms:
a) You may not edit, delete or add any content to this article.
b) You must maintain all links to Foreclosures.com.
c) This article must be distributed free of charge.
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If you are in Canada or you would like to invest in Canadian pre-foreclosures I found this great company that supplies information on pre-foreclosures mainly in Alberta and British Columbia.

Canada’s Largest Database Goldmine Of Pre-Foreclosure Real Estate For Up To 50% Below Market!

Hans Anderson

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