Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 16

Flying solo on foreclosures may seem like a good idea. After all, any professional help you get will eat into your profits, right? Flying solo, however, is a good way to go bust or at least to limit your potential profit. Developing synergistic relationships with top-performing specialists has been a key to my success (and to the success of almost all the top real estate investors around the world).

In addition to providing expert guidance and advice for seizing opportunities and avoiding common pitfalls, experts deliver leads to potentially profitable properties, affordable financing, and quality contractors. They can assist you in managing your finances and in renovating and selling your property for top dollar after you purchase it. And, by delegating some of the workload to others who are better equipped to handle it, you free up time and resources for finding the most profitable opportunities.

In Chapter 4, I explain how to assemble a solid foreclosure investment team consisting of the following members:

 Real estate agent

 Real estate attorneySTAND BY YOUR MAN — OR WOMANTell your spouse or significant other about your plans to invest in foreclosure properties and ask for help. If your spouse is a couch potato and would prefer to remain anchored to a lounge chair than to help you work nights and weekends, you're likely to find yourself swimming upstream — right into a concrete dam.Your better half needs to know that you’re planning on earning tens of thousands of dollars per deal, and because you’ll probably be spending that money together, there’s no room on the team for a couch potato.I strongly recommend against making any attempts to invest in foreclosures without the full consent and eager assistance of your partner. I would hate to hear that after reading this book, you and your better half stopped calling each other “honey” and “sweetie pie,” and started calling each other “plaintiff” and “defendant.”

 Mortgage broker

 Accountant

 Title company

 Home inspector

 Contractors

In Chapter 5, I lead you to sources of financial capital to fuel your investments, and in Chapter 6, I lead you through the process of developing a strong support network that virtually ensures that you’ll never run out of leads on profitable foreclosure properties.

With a solid team in place, you take on the role of manager and decision-maker, and you can create an efficient system that minimizes risk while maximizing profit.