Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 73

Buying properties from other investors

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Some foreclosure investors are more interested in discovering and acquiring foreclosure properties than they are in fixing them up and reselling them. These investors consider themselves to be foreclosure wholesalers who find and buy properties and then sell them to other investors.

Generally, I advise against buying properties from foreclosure wholesalers (or whatever they call themselves). Whenever someone tries to sell you on some great investment opportunity, ask yourself this question: “If the property were as profitable as they want me to think, why don’t they fix it up and sell it?” Another reason not to buy from other investors is that by doing so, you’re usually paying a markup or finder’s fee. Plenty of foreclosure properties are available, and they’re not that difficult to track down, so pocket the markup, and use that money for renovations or the purchase of your next property. But if you’ve done your research (as explained in Chapter 8), and the price is right, I certainly wouldn’t tell you to pass on the deal.

Just as I advise against buying properties from foreclosure wholesalers, I strongly discourage you from becoming a foreclosure wholesaler yourself. You can make more money by working the foreclosure from start to finish: buy, renovate, and sell. For details about renovating and selling a house for more than you paid for it, check out Flipping Houses For Dummies, 4th Edition (John Wiley & Sons, Inc.).

Foreclosure Investing For Dummies

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