Many real estate investors that didn’t lose their shirts when the bubble burst simply cut their losses and pulled out of the real estate gamble altogether. However, many kept on investing and kept making money. Newcomers have also given it a go and have found that they can make a profit even in today’s down housing market. How do they do it? Foreclosure listings is a start.
Many real estate investors that didn’t lose their shirts when the bubble burst simply cut their losses and pulled out of the real estate gamble altogether. However, many kept on investing and kept making money. Newcomers have also given it a go and have found that they can make a profit even in today’s down housing market. How do they do it?
The key to making money in today’s market is to buy dirt cheap. Many investors are purchasing homes outright using foreclosure listings. Using such listings, they can find distressed and foreclosed properties and offer to pay a fraction of what they are worth. With cash in hand, they are able to purchase prime properties with no fear that they will lose money if they cannot sell the property quickly.
Another way that investors are making money using foreclosure listings is by helping people stay in their homes. They approach homeowners who are on the verge of losing their homes and offer to buy the home from the bank for just slightly more than what is owed on the property. They allow the homeowners to stay on the property and pay rent until they are able to purchase the property back from the investor. Sometimes the investor finances the property or enters into a rent-to-own agreement with the original owner.
Investors are also turning to rental properties to make money in this economy. The focus is not on flipping properties quickly but holding onto them until the market turns around. Rental properties compliment this strategy perfectly. Using foreclosure listings, investors can find inexpensive properties, purchase them and rent them out to the growing number of families looking for homes to rent.
As you can see, there are several ways to make money using foreclosure listings. Granted, it may take a little bit more creativity and patience to earn a buck in today’s real estate market than it did in the past, but the pay off is well worth it. So, if you have been thinking about getting into real estate, now may be the perfect time to start.
Read more about how to save money using foreclosure listings.
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