How Do You Make Money By Taking Over Mortgage Payments?
There are millions of people waiting for you to contact them in reference taking over their mortgage payments. They are in fear that they may lose the home to foreclosure and you can help them. This is an interesting and profitable way to make money in real estate… even in this market. Make sure you have some money in savings. The people you find are already having trouble paying their mortgage. There are three different routes to go with this but they all in end with you making money. It all depends on the client and what financial situation they are currently in. If you obtain a client who is behind on their mortgage, offer to pay the amount to make them current with payments. This type of client will usually also be ready to walk away from the property all together. Go to the local Office Depot Store and purchase a Quick Claim Warranty Deed contract and have it reviewed by an attorney. Have it signed and now you have acquired a property for almost free depending on how much money
