Re: ot make money in real estate

Posted by Dave from MN on July 31, 2007 at 06:38:36 from (67.133.91.236):

In Reply to: ot make money in real estate posted by chris sweetland on July 31, 2007 at 05:59:14:

Its a literature selling business. The companies figure if they can get even 5% of the viewing audience to order the book, cd,dvd, whatever, they will make a few hundered thousand , even a few million. If it were that easy every one would be doing it. There is money in it, if you can come across buyer selling low homes, to get out of their mortgage, foreclosure sales these days are a long time endevor ussually due to the time alloted for the defualter to make right on the loan, even after you buy through bid, ussually a year. Money makes money. The cheap home/resell at a profit is already a cornered market by the people with money. Many people with the money have people they hire full or part time to stay on top of all foreclosures, tax defaults, cheap selling places. They have the funds available to pounce it , before you can even get the financing. They also have spreadsheets and market analysis, so they know how much to pay, what the resale potential is, and have a close estimate on how long it will take. I see it here everyday. A for sale sign goes up, and the same group of people always get it, right away. A public notice is given, and before you know it the place is sold and leins released. Unless you have cash reserves, low debt, and a good financial thinking brain, you aint gonna make money. Dont buy the literature. Just do some free info gathering at the local courthouse.

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