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"I want to buy a foreclosure for 50% less than fair market value, fix it up quick and flip it in a month or two for double the profit. I want to do it with no money down... or with a hard money loan!"
Well, everyone wants to buy a foreclosure and flip it for a big profit, but why doesn't everyone do it?
The reality of foreclosure investing is far different than what many people have seen either on television infomercials, the many books that have been written, or live seminars and boot-camps (crash courses) that promise you will 'get rich quick.'
First, finding a property far enough below fair market value to make it a worthwile investment, then managing a renovation is beyond even a full time job. The successful investors who do this, work nearly double the average 9-5 schedule.
Second, to succeed requires a great deal of practical experience 'in the trenches', developing your situational awareness after having put yourself at risk and survived, or thrived. Being tested and having a bank of courage to depend on when tested again.
Third, qualifying for financing or 'raising the capital' is not as straightforward as you would hope. The real players are either well capitalized personally, or have longstanding relationships with investors familiar with their expectations.
If you still want to invest in foreclosures, there are several ways that we may be able to help you.
Everyone has an individual set of qualities, skills and circumstances that makes us unique, and when it comes to investing we all have an individual tolerance for risk. We also have individual priorities and goals, consequently requiring only an individualized plan for them to be achieved.
We offer a free consultation to assess these attributes of yours, and how we may be able to help you achieve your goals in this highly competetive, yet potentially very rewarding market. You may be confident enough to do this on your own, but maybe you just need some advice or direction.
We are interested in talking with you regardless of your level of knowledge and/or experience. Why not get started right away, and contact us today!
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