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What type of job should I be in to invest in foreclosure homes?


What type of job should I be in to invest in foreclosure homes?


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It doesn’t require any particular qualification or job status to invest in Foreclosure investments. Minimum investment is $50,000. If taken in credit line you must be in a position to pay back the loan. Please visit here:
http://www.m3reo.com/

 
218 helpful answers

Your job dosen't matter . Why would a job type  be important when purchasing a home?

 

either find a crew or hire yourself to the banks to secure the property after foreclosure.  BAnks needs crews to board up the house, change the locks, winterize the house, etc.

perfect position to get properties.  find a contractor or contact the banks and offer the service yourself

 

Posted 2009-09-21T21:57:19Z
toddw was invited by Yedda to answer this question.

 
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You can take advantage of foreclosed homes for sale by getting maximum bargains on your dream home. Foreclosures are an absolute steal at this time and the choice foreclosed homes are selling almost as quickly as they come on the market. There is a  tool which finds best places to invest, identifies properties with the most value & will let you know if the property is really worth buying. Make appropriate use of these tools before final analysis as the tag price of the foreclosed homes for sale is still way less than the amount it could have been. Look into http://www.smartzip.com/info/score for more information.

 

 
39 helpful answers

As one who has bought 9 foreclosed properties over the past 3 years I can tell you exactly the job you need to be in.  You need first to be Mr. fix it!  You need to be able to fix everything yourself from hvac units to fences and everything in between.  If it aint broke when you buy it it will be after you rent it, they move out on you owing the rent.  Next you need to be a collector because that is the only way you are going to get your rent is to threaten to evict, write letters, go to work places, etc.  Third you need to be a real estate agent when you have to sell because you know longer can stomach the tenants that are destroying your property and not paying the rent.  Fourth you need to be an accountant to do all the paper work involved.  Fifth you need to be a lawyer to take all the dead beat tenants to court, to do air tight leases.  I could go on but you probably have the picture.  I wish there was someway I could get my money back and be done with this never ending nightmare.  My stress level is so high all the time I am due a stroke any day. 

Posted 2009-10-07T02:50:37Z
Sassyjane was invited by Yedda to answer this question.

 

You don't necessarily have to be a Mr. Fix-It, a collector, a real estate agent, an accountant, and a lawyer...you just need to be able to pay one. It does help to be able to do some of these things on your own if you plan to turn a profit. I have been investing in real estate for several years and have found that the key to success is just to be very organized, have a written budget you adhere to, and set aside a fund for those unexpected expenses. I have a list of foreclosures on my website at www.wildflowerindy.com if you'd like to browse them.

 

you do not need any specific job experience.only a sound judgement to find out a steel in the market.

normally foreclosure are a steel but some are not.you have to invest in areas which will give you growth not a run down neighbourhood.

I have been doing and helping people buy these investment properties in Katy/Houston area.need help call me.

Also, do it your self will be great to save money but also all jobs you can not handle so join real estate investor clubs and get handy man help.

good luck...kadi...832-228-7978

Posted 2009-11-10T13:42:46Z
sherbanuk was invited by Yedda to answer this question.

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