Sunday, April 11, 2010

Buy Foreclosures with Other Peoples' Money

Over the next few years, millions of homes in the United States will be foreclosed on by banks. This is very sad for the owners. It's also the greatest buying opportunity in the history of American real estate.

Millions of homes are changing hands at very low prices, sometimes for as little as $10-15,000. Many times, you don't even need to renovate or remodel the homes to make a profit. Just buying them cheap and then holding on to them until prices rise is sometimes enough.

Some savvy investors have bought a foreclosure / REO property or two recently. But maximizing profits means buying as many of these properties as possible. And that takes using other peoples' money.

My good friend Adam Davis has been making money buying foreclosures since the crisis began. He's doing it in Detroit, which is just about the hardest place to make money in real estate in the country.

Adam has pulled together his strategies for doing foreclosure deals with other peoples' money. If this is the kind of opportunity that interests you, I'd suggest checking out his course: Adam's course



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