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| Subject:
Real estate investment education
Category: Miscellaneous Asked by: investorga-ga List Price: $5.00 |
Posted:
20 Jul 2004 16:20 PDT
Expires: 19 Aug 2004 16:20 PDT Question ID: 376875 |
Looking for courses, instruction, seminars on investing in real estate, especially foreclosures |
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| There is no answer at this time. |
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| Subject:
Re: Real estate investment education
From: daytrader76-ga on 20 Jul 2004 18:54 PDT |
William J McCorkle is in jail now. I was one of his many suckers, but it was a learning excperience. The problem with foreclosures is finding one with equity, since most foreclosures occur early in the mortgage. I would read the lis pendens notices every morning at the Tampa courthouse. There were about 20-30 each day. If there is one with equity, you have to do a basic title search to see if there are liens against the property. Some liens from individuals or the city can be negotiated. Tax liens, especially IRS, are the hardest to negotiate. After finding a deal that meets these parameters, I would go to the house and knock on the door. Since I was getting there only a day or two after the lis pendens was filed, most people did not even know about the foreclosure. One lady started crying. I would offer to buy the property at a discounted rate, because if they did not act, they would get nothing. If they won't move, you can lease-option the property to them and let them make payments to you. After four months, I ended up doing one deal with opm, and made a little more than the total I had paid to Wm McCorkle. It was a lot of work for a little money, but a learning experience. If you have $$ to invest, there are many more avenues than if you must use opm. Tax lien sales, foreclosure auctions, and other government auctions. btw, imo Carlton Sheets' techniques are outdated, and not worth paying for. |
| Subject:
Re: Real estate investment education
From: investorga-ga on 20 Jul 2004 20:02 PDT |
I agree with daytrader76-ga that carlton sheets techniques are outdated and can in fact land you in jail if you're not careful. About foreclosures I discovered some guys who are the real deal who do make money with foreclosures even when there is no equity. Also, I agree that knocking on doors is a pain and discouraging, but I found an investor that has got this down to a science and makes 3-4 deals a month using ope (other people's efforts). I don't know their websites but you can find them at www.Ultimateforeclosuresystem.com |
| Subject:
Re: Real estate investment education
From: owiseone-ga on 22 Jul 2004 14:41 PDT |
I recently went to the "Robert Allen Institute" and was amazed on how easy and understandable investing could be. They teach you at least 50 different senerios on creative financing and where and how to locate properties. They offer a free 1 day seminar. You can check to see if they are coming to your area. Just as an FYI, I am in the process of closing two deals right now thanks to the workshop. It is amazing and would highly recommend it to anyone. http://www.robertalleninstitute.com/ |
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