How To Find and Profit From Pre-Foreclosures

Posted on by Cameron Dunlap

Pre-foreclosures can be tricky, and it’s important to know how to best use pre-foreclosure lists and – more importantly – how to contact and communicate with the owners if you want to successfully invest in pre-foreclosures.

You’ve probably heard of pre-foreclosures and know what a pre-foreclosure is, but let’s quickly refresh our memories… after all, it’s certainly a great strategy to have in your investing arsenal.

A house typically becomes a pre-foreclosure when the owner is more than 90 days late on their mortgage payments. At this point, the lender will start the foreclosure process with a notice of default.

Continue Reading...

Double Closings Explained and Why You Shouldn’t Attend Them

Posted on by Cameron Dunlap

Double closings – not to be confused with assignments – aren’t as complex as they seem.

Simply put, a double closing in real estate investing is the simultaneous purchase and sale of a property that involves three parties:

  • The seller
  • The investor
  • The end buyer

It’s essentially two transactions commonly referred to as the “A to B & B to C” strategy and looks like this:

  • Person “A” is the distressed/motivated seller
  • Person “B” is you, the real estate investor
  • Person “C” is the final buyer.

During the

Continue Reading...

How To Use This Unoccupied Property Insurance Strategy To Get A “YES” From A Vacant Home Owner

Posted on by Cameron Dunlap

Did you know that out of nearly 139 million residential properties nationwide, more than 1.5 million are vacant? Now you can use this Unoccupied Property Insurance Strategy to get more of them to say “yes” to your offers fast. If you’re wondering if you live in a city chock-full of unoccupied or vacant properties, here is your answer… According to USA Today, these are among the country’s most vacant cities:

  • Gary, IN: 19.4%
  • Hilton Head Island, SC: 16.9%
  • Flint, MI: 15.7%
  • Detroit, MI: 11.2%
  • Baltimore, MD: 8.1%

>> Click here to check your area

Continue Reading...

9 MUST KNOW Factors For Pulling Real Estate Comps You Can Trust

Posted on by Cameron Dunlap

Sooner or later, you’re going to have to pull comparables on the properties you’re considering buying. It’s an important part of every successful Real Estate Investor’s day… So let’s define a couple of terms before we dig into this… First, the “subject property” is the one you’re considering buying. Comparables are your absolute best tool to determine the value of the subject property. Real estate agents and investors like you and I will “run or pull comps”, to determine and justify the value of a subject property based on comparable properties that have sold recently within the area. In other words, properties

Continue Reading...