Pre-foreclosures can offer and excellent opportunity to purchase homes for below market value and help distressed homeowners avoid foreclosure, but just how does one go about buying repo houses. What is it you need to know to find foreclosed homes and use them to create wealth in real estate for yourself, while someone avoid foreclosure. We have all seen the “we buy houses for cash” signs and slogans, but how exactly do we get started in pre-foreclosures. What does it mean when you hear the words “Short sale”, Loss Mitigation, How do you properly cure foreclosures, and why is that important. What about due on sale clauses? Where and when do “rent to own” and “lease option” techniques apply? How do you negotiate win-win deals for everyone involved? How do I analyze the deal to determine possible profits and avoid liability issues?
One place you can go to get support and answers are local websites that address current issues and concerns, offer support, and bring to your attention to current news and information that can affect your success.
Our favorite web page can be found at the following link:
www.detroitinvestmenthomes.com Just click on pre-foreclosure lists and it will take you to Default Research. This web page offers you a range of support --from information and education on being effective in pre-foreclosures, they also lists their favorite book recommendation, They have a chat area addressing questions in pre-foreclosure addressed by various experts, give pertinent current news and litigation effecting pre-foreclosures, and finally actually provide lists of pre-foreclosed properties in the state that you can purchase for a nominal fee.
Another avenue you can utilize in getting started is to take classes and seminars on the subject. Find a mentor, and read up on the many books on the subject.
National Real Estate Network LLC has set up ongoing Seminars for new and experienced investors. Mark Maupin, Mr. Lease Option, has been investing in real estate since 1981 with over 3500 purchases and sales on single-family homes and multi-family properties. Mr. Maupin will be giving the seminar for both new and experienced investors. The seminar will be on May 22, 2006 at Budget Reality, LLC. Located at 17177 Laurel Park Drive North, Suite 265, Livonia, Michigan. Time of event is 6:00pm to 8:00pm Mr. Mark Maupin, Roy Frank, and Toni Nayback will be answering all investor questions on how to get started.
Investor Topics to be covered:
* Real Estate Terms (a disk of over 20 real estate forms) will be given to those who attend including: buyer favor purchase agreements, real rental agreements.
* How to get started without putting yourself at risk (no dollars no liability).
* In-depth resources available in this market that are free or have very low cost.
In addition, Toni and Mark will be doing a complete presentation at 7:30 pm on The Preferred Investor Group, a one year mentoring program designed to have you reach your Real Estate Goals. This program gives new and experienced investors the following value, to which questions from the group will be addressed.
You get the first chance at incredible real estate buys at wholesale prices. The properties, each with a financial analysis, are given to you to review before they are offered to the general public.
Ten one-day Seminars:
Find, Fix and Sell, Landlord, Package Yourself to Lenders and Restore Buyers Credit, Options Buy and Sell, Foreclosure, Land Contract and Paper, Financial Calculator, Purchase Agreement, Rehabbing Investment Homes for Profit, How to Generate Real Estate Leads, and Turn Them into Cash
Three CD Books on Real Estate:
A. Find, Fix and Sell: Real world techniques and ways to buy property, renovate, and re-sell it at a profit. What properties to look for, realtors, comparables, and MLS, financing sources of distressed property, fixing terms, the anatomy of a flip, fliers, business cards, and brochures you can customize to use for yourself, list of websites with REO (foreclosed properties) on them.
B. Michigan Real Estate Agreements and Contracts: A practical guide to understanding, structuring, and using real estate agreements and contracts, plus over 60 real estate forms. This book, on CD, will give you a quick basic understanding of how and why real estate agreements are structured and written the way they are. This will give you access to understanding and structuring any real estate agreement you use to your benefit. Also included on the CD are approximately 60 real estate forms that have been developed over the past 14 years, covering most aspects of real estate, including purchase agreements and addendums, options and leases, land contracts, mortgage forms, and disclosures required by state law, designed from the investors viewpoint and for his protection.
Mastering Real Estate Options: A complete guide to real estate options covering all aspects of legal structuring, taxation, rights of first refusal, first offer, leasing with an option to purchase and more.
Over 50 Hours of Coaching, Training, and Support on buying investment properties. Sessions meet regularly to answer your questions and help you make the decision to take action.
Membership to National Real Estate Network, LLC. The leading Michigan Investor group. Information on upcoming seminars may be viewed at www.megaeveningevent.com or www.mrleaseoption.com
Contact:
National Real Estate Investors Network
Mark Maupin
Tel: 734-402-0180
