View the entire “How to Buy” series from Lance Young.
Learn To Make Smart Investments With Our Real Estate Foreclosure eBooks.
Take advantage of the methods that successful investors use to locate, purchase,
and sell foreclosure and probate homes with these informative eBooks. They can be
purchased and downloaded today, so you can start learning about
this profitable market immediately!
"How to Buy Bank-Owned Homes"
Written exclusively for RealtyTrac
- Author: Lance Young
- Course Format: eBook download
- File Format: Adobe PDF
- Pages: 46
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About the “How to Buy Bank-Owned Homes” eBook
Learn to cash in on
bank-owned foreclosure properties (REOs) by knowing answers to these questions:
Why don’t banks want to be in the real estate business? How do you identify
the houses banks prefer not to own? What are the keys to negotiating confidently
with bankers? What are the ways to ensure you'll have a comfortable profit margin?
How do you wrap up the deal?
The information included in this title – in addition to your RealtyTrac subscription
– will give you the competitive edge over less knowledgeable buyers and investors.
Topics:
- Three methods for finding bank-repossessed properties.
- Key characteristic of
REOs you should pursue AND those to avoid.
- Three steps you must take after identifying a promising
REO before making an offer.
- Should you use an appraiser and/or a real estate agent? The surprising answers.
- Easy-to-use formula that reveals whether or not a certain
REO will be profitable.
- Five factors that help you make an attractive offer to the bank.
- Helpful language to use while negotiating with the banks.
- Sample sales contract including explanations of key clauses.
- Critical “weasel clause” that prevents you from getting stuck with
a deal that isn’t right.
- The cheapest and easiest four steps for getting started using just $10 of your
own money.
Don’t let others snap up and resell the
REOs in your area when you could be doing it and pocketing the profits! Get
started today! This title is one of several new titles in RealtyTrac’s series
of instantly downloadable eBooks. Invest for profit with these powerful resource
materials.
For the best value and savings, order the complete "How to Buy" Real Estate Investing
eBook Series - four eBooks for one low price - and you’ll also receive the
"How to Buy" Property Liens eBook as a bonus ... FREE!
Click here to view the complete series.
About the Author
Lance Young's expertise in real estate investing is grounded in more than 17 years
of independent real estate deals and mentoring of novice investors.
His first success came with buying and selling preforeclosure houses. Later, he
made tremendous profits in the probate house market.
In 1996, Lance wrote down what he had learned in a one-of-a-kind, step-by-step program
for beginners and seasoned investors that shows how to make money buying preforeclosure
and probate houses. His investing techniques require just a $10 contract deposit
and 10 hours a week finding the most profitable opportunities. Testimonials from
his students show that with no experience, people have made first-time profits of
$11,000, $31,000 and even $80,000 just by following his simple guidelines.
Lance Young has shared his simple, yet powerful investing methods with thousands
of students while continuing as an active investor himself. His motto is: To teach
others to become successful, you must be active and practice what you preach.
Table of Contents For “How to Buy Bank-Owned Homes” Standard Edition
Introduction .............................................................................................................
1
Chapter 1 ..................................................................................................................
3
Why Make Money In Real Estate?
Chapter 2 ..................................................................................................................
4
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 ..................................................................................................................
7
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 ................................................................................................................
12
Four 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 ................................................................................................................
19
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 ................................................................................................................
23
An Easy-To-Use Formula To Find Out If An REO Will Be Profitable
Chapter 7 ................................................................................................................
28
Negotiating With Banks
Five Factors That Determine The Bank's Willingness To Sell
Price Or Terms?
Three Important Negotiating Tips
An Example Of How To Negotiate With A Banker
Chapter 8 ................................................................................................................
34
How To Write Contracts To Your Advantage
Chapter 9 ................................................................................................................
40
A Powerful Way To Make Big Money Fast -- "Flipping" REOs
Steps In The Flipping Process
Chapter 10 ..............................................................................................................
45
Getting Started
Conclusion ..............................................................................................................
46
Table of Contents For “How to Buy Bank-Owned Homes” Condensed Edition
Introduction .............................................................................................................
1
Chapter 1 ..................................................................................................................
2
What Is An REO?
The Advantages Of Buying REOs Vs. Pre-Foreclosures And Auction Properties
The Best Type Of REO To Pursue
Why Banks Get Stuck With REOs
Why Banks Want To Get Rid Of REOs As Quickly As Possible
Chapter 2 .................................................................................................................
7
Four 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 3 ...............................................................................................................
14
Negotiating With Banks
Price Or Terms?
Three Important Negotiating Tips
An Example Of How To Negotiate With A Banker
Chapter 4 ...............................................................................................................
19
How To Write Contracts To Your Advantage
Five Valuable Clauses
Home Inspection Addendum
Ratification
Chapter 5 ...............................................................................................................
31
Flipping REOs
Chapter 6 ...............................................................................................................
33
Setting Goals
Conclusion .............................................................................................................
35
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