Adamsmith 0 Report post Posted June 5, 2008 My regards to the community, I would be seeking your advice on some matter. I have some interests in real estate and have read that foreclosure is an efficient way to gather up profits. I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted June 5, 2008 Hello, Adamsmith, and welcome to The Naked Investor.As a new investor, I always advise against foreclosures as the way to break into this business. It's high risk if you don't know what you're doing, and you'll find yourself up against seasoned pros with deep pockets.Do you have cash in hand? Can you get financing? Share this post Link to post Share on other sites
GetSmart 0 Report post Posted June 16, 2008 Well Mike,i think adam can find deals and assign them to rehabbers, the only problem is breaking through all the clutter of mail that those homeowners receive. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted June 17, 2008 GetSmart, you're right about Adam wholesaling and then assigning deals. But from his post I didn't get that was his interest. He mentioned that "foreclosure is an efficient way to gather up profits". Anythng but, in my opinion. Particularly for a new investor. Besides, he hasn't come back and followed up his original post, so I suspect he was just kicking tires. Share this post Link to post Share on other sites
