Some people are once again Making Big Money Investing In
Foreclosures Without Cash or Credit despite the fact that the unemployment remains above
pre-recession levels...and employment, when it can be found, is service level based (food and retail industries) where wages are relatively low.
Still, the good news is that the economy is recovering, even though it’s nowhere close to fully healed after the worst recession since the Great Depression.
So don’t think I’m totally daft when I suggest that now is a good time to start a new business; like Investing in Foreclosures.
Yes, I understand that healthy wages are stagnant for much, if not most, of the workforce; and that although the Dow Jones Industrial Average may be feeling the recovery, the average American isn’t.
And yes, I also understand that conventional logic may dictate the notion that “starting a business during times when the economy is faltering may not be the best idea, but history bears plenty of evidence that businesses can find solid footing even in the worst of economies.
A few of the world's best known companies that got their
starts when the economy wasn't at its best include: Microsoft, FedEx, General
Electric, Revlon Cosmetics, & Hyatt Hotels. See this article for more about them.
So, what do buyers investing in foreclosures know that you don’t. Do you need to have a lot of money to get started; a degree in buying foreclosures, or a license to buy and sell them.
This guide by Peter Conti suggests that you do not. That even you, with no cash and no credit to invest, can make big money in the foreclosure game.
Conti suggests that the key to making money in the real estate field, is to find motivated sellers. Homeowners in financial trouble (pre-foreclosures, wanting to take the short-sale option) are excellent starting places.
This guide hands you the keys of how to find properties in foreclosure, negotiate with sellers that are in financial distress, and how to resell those properties for a profitable gain.
In this thoroughly updated guide, Conti shows real estate investors how to: