Make Fortune Right Now With Your Good Credit
Are you a veteran? Does your state have special home purchase programs? Are you paying attention to the foreclosure home market? You could be missing out on a huge pay raise right now! Fannie Mae and Freddie Mac are setting up certain brokers to sell their foreclose properties.
Wouldn't you like to know who these brokerages are? Wouldn't you like to take down the huge profits this could lead to for you? In some cases, you can buy a $300,000 home for $100,000.
This home could draw rents of $1750 per month on monthly debt service and expenses of $1,000 per month.
In large metropolitan markets, the lenders and the banks have given certain brokers the right to mint money for certain special investors.
Wouldn't you like to be one of these special investors.
The process is simple find out who has the right to serve as the broker for these foreclosed properties.
Contact Freddie Mac and Fannie Mae for your market and get this information.
Get your loan pre-approvals in order from your banking source and let's start making some money.
The process for these projects is something you should understand as well.
First, the agency takes the property back in foreclosure.
Next, the agency hands the project over to one of the selected brokerages.
The brokerage then offers the family (if there is one in the home) a fee to vacate.
The fee is highest if they vacate within 1 month and goes steadily downward to zero at 90 days.
The agency assigns an amount for renovation / make ready and sends in selected contractors to complete the work.
During this period buyers can see the project and close after the work is complete.
I recommend as part of your process that you:
With all of this in place, you can close and plan to operate the property with confidence.
With one under your belt, the likelihood is that you can assemble capital to close in a much shorter time that you might think possible.
Your real estate empire will be off to a strong start.
Wouldn't you like to know who these brokerages are? Wouldn't you like to take down the huge profits this could lead to for you? In some cases, you can buy a $300,000 home for $100,000.
This home could draw rents of $1750 per month on monthly debt service and expenses of $1,000 per month.
In large metropolitan markets, the lenders and the banks have given certain brokers the right to mint money for certain special investors.
Wouldn't you like to be one of these special investors.
The process is simple find out who has the right to serve as the broker for these foreclosed properties.
Contact Freddie Mac and Fannie Mae for your market and get this information.
Get your loan pre-approvals in order from your banking source and let's start making some money.
The process for these projects is something you should understand as well.
First, the agency takes the property back in foreclosure.
Next, the agency hands the project over to one of the selected brokerages.
The brokerage then offers the family (if there is one in the home) a fee to vacate.
The fee is highest if they vacate within 1 month and goes steadily downward to zero at 90 days.
The agency assigns an amount for renovation / make ready and sends in selected contractors to complete the work.
During this period buyers can see the project and close after the work is complete.
I recommend as part of your process that you:
- identify and vette several good management companies;
- work out insurance;
- develop your budget;
- identify and accountant;
- set up a bank account and ledgers for your operation;
- establish and LLC to operate / own the property; and
- plan on reserves for initial operations
With all of this in place, you can close and plan to operate the property with confidence.
With one under your belt, the likelihood is that you can assemble capital to close in a much shorter time that you might think possible.
Your real estate empire will be off to a strong start.
