Forclosure Vs. Preforclosure
Hey Guys. I was wondering what is the most profitable venture? I know that w/ pre- for. you have the possibilities of shortsales. Well it seems that alot of investors also make alot of money with forclosures.
Any input????
What are some guidelines for working with forclosures???
How can i get the best deals, and can I flipp these types of properties?
Thanks a million guys!!!!!!!!!!!!!!!!
Gary.
(it says junior investor but im actually very much a begginner 
)
bigdreamsgary you're my boy so I'm going to keep it real go to your local bookstore there are a 1000 different books under 20 bones that focus solely on foreclosures and pre foreclosures.
Every investor here is going to have his or her own opinion on what you should or shouldn't do. I say educate yourself and bring back specific questions about foreclosure deals here.
Or you can check the Los Angeles Public Library. The database can be accessed online.
I've found some good information there for NO money down! Get it? hahaha!
[ Edited by Visualized on Date 04/16/2003 ]
fmm impersonating a newbie
Hey visualized c'mon on man there has to be some money envolved! You did pay the bill for the internet connection didn't you? This no money thing is a scam!ROFLMAO (rolling on the floor laughing my a$$ off)
[ Edited by Visualized on Date 04/16/2003 ]
I choose to consider myself intermediate! People like us know to much to sit with newbies dude.
I have some things in the works I'll let the board know of anything I do of significance $$$$$
Gary Hi,
You're correct. Both sides have their potentials for big money, it's knowing what to do with what has come your way that has to be answerd now!
Pre's - Focus on Shorts and Subject to
Fore's - Focus on the condition of the home, the worst the better!
With the foreclosures, you can buy and sell each home twice! Figure this one out!