When you see an home auction on the front porch, a crowd of nervous buyers, a few minutes to see the item, and the bidding begins. This is how most homes in foreclosure are sold.
But it 's rarely how some smart people and investors buy the hundreds of properties and houses every year and make profits.
Every Year Banks all across the country want to unload hard-to-sell properties in bulk, because the houses are in the most distressed parts of the country.
They know someone will buy this home, but at a rock bottom price.
In the second week you have a house, you have a house, if you have a job, I want you a job, I'm a third week you put a sign, because you want someone in that house.
That sign just refer to that guy who is walking home and he can say, & # 39; Wow, 900 down, 500 a month. That & # 39; s cheaper than my rent.
If you own more than one Cheap Property, you can sell in bulk to Real Estate investors.
Some time house deals are Too Good to Be True in Foreclosures. So when you grab the deal you know & # 39; People Want to Own a Home & # 39;
The challenge is, how do those families feel about that Home purchase two years from now, three years from now? Are they still able to to have their home mortgage?
As many as 30 percent of House owners wind up losing their homes, because they can not keep up with the payments or can not handle the repairs of their home.
Some people are better off renting their homes, when they can not afford.
Just because of two fundamental American facts, home ownership and capitalism, you can become a real wealthy man through real Estate.
So Buy Cheap Homes in Foreclosures or in Government Auctions and put the sign "For Sale"
