Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 24

Even the coldest and most calculating real estate investors become enthusiastic about properties. They may fall in love with a particular house or simply get so caught up in the heat of an auction that they bid too much for a property. Then they have to work twice as hard to make a profit on it.

Before you bid on a property or make an offer to the homeowners, you should have a clear idea of how much you can afford to pay for a property to earn the desired return on your investment — usually, no less than 20 percent. Write down the amount, and make a firm commitment to yourself to stick to it. Bid or offer no more than your upper limit, no matter how hyped you become during the bidding or negotiations.

In Chapter 10, I show you how to set the maximum price you’ll pay for a property when preparing an offer to purchase directly from homeowners. In Chapter 11, I lead you through the process of preparing a maximum bid for an auction and let you in on some strategies for effective bidding.