I want to get into foreclousers home business ,, any money to make of it i'm in TX plus how to start?

Question

buying houses foreclousers and sell them ,, how do i start ,, any money to make? thank you

Answer 1

If you do not want to have to pay a Realtor as suggested by CARD WARRIOR you can contact a few local mortgage companies and get set up on their foreclosure notification lists. Another option is to visit the court house, there will be posting for foreclosure auctions that will be taking place in the future. If you can get the property for the right price then YES there is money to be made.

Answer 2

First, don't watch the TV shows (Flip This House, etc.) and even remotely think it's that easy. I've been doing this for years and it's as hard as ever to find homes with the proper ARV for me to assume the risk. They are out there, but there are more folks than ever wanting to bite of that pie. If you think it may be easy money, do some research and see how many real estate agents are declaring bankruptcy or being foreclosed on because of poor real estate investments. I've seen here in the central Texas region.

So, the first thing you need to do is become a student of the business. Learn all you can from legitimate investment seminars, books, on line sites, etc. and THEN KNOW YOUR MARKET. Anyone can find foreclosures, but finding one that will leave you with a profit when all is said and done is considerably harder, especially with so many new investors throwing their hat in the ring.

I know this answer may not give you a lot of direction, but it's kind of like saying you want to be a doctor, now what do you do. This is why there are hundreds of books on every aspect of this subject....there's simply so much to learn.

Answer 3

Do you have your financing in line? You wouldn't believe the number of calls I get that start off "Well, we tried to get a house, but didn't qualify for a loan - so now we figure we'll get a HUD house instead."
Foreclosures are on the rise in Texas, but I think that flipping might not be the way to profit off them right now. With the downturn in the sub prime lending market, there are more renters today than a year ago. Buy a house at a good price, rent it out for a few years and then sell it once prices rebound.

Answer 4

I have discovered that if there's a want for a product, you'll be able to promote it. Doesn't relatively subject what it's IF you discover your marketplace. A loved ones member took a work of plastic off my patio desk, transformed it, built an extrusion mildew for it and now sells it to predominant tender drink and beer organizations to defend their vans from fork carry harm! I might additionally upload that you simply have got to relatively think on your product. If you do it in view that you adore it and no longer in view that of the money, you're going to be triumphant.

Answer 5

You may want to check this out. GovernmentAuctions.org® shows our registered users a vast multitude of sources where they can profit, or otherwise get great deals at Government & Police Auctions. These include Federal, State and Local auctions of every type of Surplus, Seized, and Abandoned property you could imagine. You can view this site at: http://wkfrmhome1.govauction.hop.clickbank.net/

Answer 6

Start by contacting a realtor who specializes in foreclosure properties. You can make some good money but you need to do your due diligence before settling on a property.

Hope this helps...

Check out TaxSaleWealth
http://www.taxsalewealth.com

Answer 7

I would go to a Lifestyles Unlimited (Houston & Dallas only) free class before you do this. Buying REO property from banks is a much easier way to buy houses for less.

Answer 8

Call my mom.
702-579-7200

She is in Freedom Foreclosure and can help you. She does really well.