How To Find and Profit From Pre-Foreclosures

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.

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Double Closings Explained and Why You Shouldn’t Attend Them

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

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