By: ?

Fri, 01 Jan 2010 05:53:43 +0000

I live in California there are lots of foreclosures here in the Golden State. There are several ways to find them you have to decide which method you want to use.
#1 Purchase a list of pre-forclosure from a list broker
#2 Go to the county court house to find them yourself
#3 Advertise in your local newspaper that you purchase foreclosues
#4 Direct mail to a select area in your city (Normally about 5000 to 10000 homes) indicating that you are in the business of purchasing foreclosures.
Tax sales are pretty good even though I have not personally conducted one.
I understand that you pay the county taxes current. After a certain time if the home owner does not bring them current the county does the foreclosing for taxes only. If the taxes are paid you get interest on the amount you invested,if not you get the house or what ever was owed back taxes on.
There are several books you can purchase on buying and flipping properties. You will find them at your local book store. You need to purchase several of them so you will have a working knowledge of the business you want to go into. You might also find a few of these books in your local library.
You might also purchase one of the TV gurus programs. They offer you a few legal forms that you may need to write offers. They will also have some scripts you can use when speaking with potential clients.
They will further give you some idea about how to figure out when you have found a property that you can make an offer on so as to make a profit.
I hope this has been of some use to you, good luck.
“FIGHT ON”

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