Comments on: How Does Real Estate Investment Work? How Can You Make Money In A Foreclosure?

By: chatspla

chatspla — Wed, 21 Oct 2009 23:20:21 +0000

Making money on a foreclosure in today’s market is kind of iffy. There are professionals, who know how to trim up a house with some cheap carpeting and painting jobs and turn them for 40,000 profit in a week. Then there are people, who have no clue and go bid to high.
I would go to a couple of auctions and get a feel for it, do some research and safe some serious money first.

By: Saïd H

Saïd H — Wed, 21 Oct 2009 22:56:16 +0000

Be a vulture. Profit from others’ misfortunes.

By: axaroth

axaroth — Wed, 21 Oct 2009 22:31:15 +0000

It’s easy to find property you can buy cheap right now. The problem is you won’t be able to sell it easily to get your profit back after you fix it up.
You’re looking for easy money— real estate isn’t it. Unless you can afford to buy some cheap properties now and rent them out for a few years until real estate stabilizes, and then sell when the market gains momentum again.