Today we discussed how different markets vary throughout the country. We read articles that can show extremes on that. By being informed of these markets we can look at the creative ways to benefit from those markets. Many times we can partner with individuals in those markets to benefit from afar. One article from money.cnn talks about how a certain market allows for inexpensive property. Antjuan Wyatt and his wife recently closed on a three-bedroom, 1,500-square-foot house in a leafy, middle class Detroit neighborhood. The house needs some work — […]

More details on the specific types of foreclosure: Preforeclosure: Today we discussed more details on these areas. In interacting with homeowners of properties that are behind on their payments, we as investors can teach them their options. This allows the homeowners to choose between repaying back the missed mortgage payments, refinancing, selling off the property for less than they owe as part of a short sale, giving back the title to the bank, or letting it go to the foreclosure auction. Many times after deciding on these choices they could […]