Are Foreclosures Worth the Legal Red Tape?
For some, the rewards outweigh the hassles. For others, the hassles mount until they take on nightmarish proportions. To make money in real estate investing you have to do two things: you have to buy property significantly under value and then sell that property at value or a little above value to secure a profit. The first challenge, then, is to buy property for a lot less than what it is worth which is no easy task. Sometimes you might luck into a fixer upper in a great neighborhood that is priced just right. Other times you might search in vain for the perfect property. When this happens, foreclosures can fill the void. The truth is that you can find and purchase pre-foreclosures and foreclosures 30% to 60% under value. In the world of real estate investing, there is no sweeter deal than a property that needs minimal work selling for a fraction of what it’s worth. But finding these properties takes a lot of legwork and a sale is not guaranteed. The biggest problem associated with bu
