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 PreForeclosure Homes"
Written exclusively for RealtyTrac
- Author:
Lance Young
- Course Format:
eBook download
- File Format:
Adobe PDF
- Pages:
155
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About the “How to Buy Preforeclosure Homes” eBook
Property owners across the country are experiencing foreclosures
in record numbers. To avoid losing their homes to foreclosure, and
losing their equity and damaging their credit, troubled homeowners
would prefer to sell their homes as quickly as possible, at a very
low price.
The information included in this best-selling title – in addition
to your RealtyTrac subscription – will give you the competitive
edge over less knowledgeable buyers and investors.
In this eBook, veteran real estate investor Lance Young teaches you
how to contact these homeowners and buy their houses at a discount
of 35% to 50% before the preforeclosure auction takes place. In addition,
you’ll learn:
- Which kinds of pre-foreclosure properties to invest in and
which to pass on.
- Methods that tell you the fair market value of a property
and whether or not a certain deal will be profitable.
- How working with a real estate agent can save you time and
prevent costly mistakes.
- How to “decode” legal notices about foreclosures
in the newspaper (without having to go to law school).
- Tips for negotiating with homeowners and settling on a property
in five days or less.
- Options for financing your ventures.
- How to find investors and have them waiting so you can “flip”
a house for $10,000 or more in immediate profit.
Take advantage of the methods that successful investors use to locate,
purchase and sell preforeclosure homes. 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 PreForeclosure Homes" Standard Edition
Introduction .................................................................................................. 1
Chapter 1 ...................................................................................................... 4
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
Chapter 2 ......................................................................................................
11
What Kinds Of Properties Should I Buy?
How Important Is Location?
Exercises
Words & Terms
Chapter 3 ......................................................................................................
20
What Is Equity And Why Is It Important?
What Is The Best Way To Find Out If A Property Has Enough Equity?
Exercises
Words & Terms
Chapter 4 ......................................................................................................
24
How Do I Find The Fair Market Value Of A Property?
The Multiple Listing Service
Real Estate Agents
How Can I Find A Good Real Estate Agent?
Exercises
Words & Terms
Chapter 5 ......................................................................................................
39
How Do I Find Out What Is Owed On A Property?
What Is A Mortgage Or A Deed Of Trust?
Judgment Liens
Tax Liens
A Trip to The Land Records Office
Exercises
Words & Terms
Chapter 6 ......................................................................................................
51
Two Ways To Find Preforeclosures With Lots Of Equity
A Sample of a Foreclosure Newspaper Advertisement
Exercises
Words & Terms
Chapter 7 ......................................................................................................
62
Contacting Homeowners Before The Foreclosure Auction
Sample Letters That Work!
Locating Owners When The Property Is Vacant
Exercises
Chapter 8 ......................................................................................................
73
Negotiating With Homeowners Before The Foreclosure Auction
Writing A Contract With A Homeowner
Always Buy Title Insurance And Hazard Insurance!
How To Settle On A Property In Five Days Or Less
Exercises
Words & Terms
Chapter 9 ......................................................................................................
89
An Easy-To-Use Formula To Find Out If A Property Will Be Profitable
Exercises
Words & Terms
Chapter 10 .................................................................................................... 96
Inspecting Properties Inside And Out
Exercises
Words & Terms
Chapter 11 ....................................................................................................
106
Now That I Have A Property, How Do I Get It Fixed Up?
A Checklist Of Things You Should Do To Every Property
Exercises
Words & Terms
Chapter 12 ....................................................................................................
113
Now That I Have The Property Fixed Up, How Do I Sell It Quickly?
Listen To Your Real Estate Agent!
Exercises
Words & Terms
Chapter 13 ....................................................................................................
118
How Can I Get The Money Needed To Finance My Real Estate Deals?
Dealing With Banks
Finding And Using A Money Partner
Exercises
Words & Terms
Chapter 14 ....................................................................................................
128
A Powerful Way To Make Big Money Fast -- "Flipping" Contracts
Exercises
Words & Terms
Chapter 15 .................................................................................................... 133
Let's Put Together What You've Learned
Chapter 16 .................................................................................................... 138
Fast Start Steps To Success
Conclusion ..................................................................................................... 155
Table of Contents For “How to Buy PreForeclosure
Homes” Condensed Edition
Introduction How I Got Started And How You Can, Too ....................................
1
Chapter 1 Fundamentals of Foreclosure ...........................................................
3
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?
Chapter 2 Kinds of Properties to Buy ................................................................
6
What Kinds Of Properties Should I Buy?
How Important Is Location?
Chapter 3 What You Need to Know About Equity ..............................................
9
What Is Equity And Why Is It Important?
What Is The Best Way To Find Out If A Property Has Enough Equity?
Chapter 4 Market Value & Listings ....................................................................
12
How Do I Find The Fair Market Value Of A Property?
The Multiple Listing Service
Real Estate Agents
Chapter 5 Researching a Property ....................................................................
18
How Do I Find Out What Is Owed On A Property?
What Is A Mortgage Or A Deed Of Trust?
Judgment Liens
Tax Liens
A Trip To The Land Records Office
Chapter 6 Easy Ways to Find Preforeclosures With Lots
of Equity .................. 27
Two Easy Ways To Find Preforeclosures With Lots Of Equity
A Sample Of A Foreclosure Newspaper Advertisement
Chapter 7 Contacting Homeowners Before the Foreclosure
Auction ................ 31
Contacting Homeowners Before The Auction
Sample Letter
Locating Owners When A Property Is Vacant
Chapter 8 Negotiating With Homeowners Before the Foreclosure
Auction ..... 35
Negotiating With Homeowners Before The Foreclosure Auction
Writing A Contract With A Homeowner
Always Buy Title Insurance And Hazard Insurance!
How To Settle On A Property In Five Days Or Less
Chapter 9 Will a Certain Property be Profitable? .............................................
39
An Easy-To-Use Formula To Find Out If A Property Will Be Profitable
Chapter 10 Getting the Money Needed to Finance Real Estate
Deals .............. 45
How Can I Get The Money Needed To Finance My Real Estate Deals?
Dealing With Banks
Finding And Using A Money Partner
Chapter 11 Flipping Contracts ...........................................................................
50
A Powerful Way To Make Big Money Fast -- "Flipping" Contracts
Conclusion ..........................................................................................................
53
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