How To Make Money And Build Long Term Wealth With Pre-Foreclosures

There are many avenues of travel for the serious real estate investor.

From buying single family houses to purchasing larger apartment complexes, the many opportunities for investors to consider.  If you’re just getting started in the real estate or pre-foreclosure investing business, this will be one of your biggest decisions.

How are you going to make the most money? That is the question.

On my first real estate investment deal, I paid full retail for my first four unit apartment building.  At the time, I was so proud to have taken action and made my first real estate investment.

But looking back on the experience, I really paid too much money for the investment.  The four-plex was a listed property in MLS and I had to fight off other real estate investors in order to buy the building.

With all the competition, the seller had all the leverage in the real estate transaction.  Good for him, not so good for me.  So what did I learn from my first real estate investing experience?

I don’t like crowds.  In fact, when I’m ready to buy a piece of property, I don’t want anybody else around.  Whenever other real estate investors are “circling above,” the price always goes up.

What Can The Serious Investor Do About This?

Go where other investors won’t go and beat them to the spot every time.  Pre-foreclosure investing will give the serious investor this opportunity every single time.  You see, I not only target  pre-foreclosures, I encourage you to go out to see the people and meet with them during this stage in the process.

Most of your competition would rather mail out a post card or make a telephone call.  Serious pre-foreclosure investors know that if you can help the seller first and provide them with the best solution for the problem with the house, you will win. In fact, you both win.

So you make the most money with pre-foreclosures by taking action and being agressive in your persuit of helping people who are behind on their mortgages.  Help as many people as you can (first) and you will end up with the property.  It’s really that simple.