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Making Money with Foreclosures

Submitted by on 05/23/2009 – 7:39 amOne Comment

home_foreclosuresForeclosures are at record numbers, 1 out of every 6 U.S. homes are upside down, and what does the government bailout mean to you? Do you realize how all the recent actions and conditions are creating the opportunity for millions to be made, not by just savvy investors, but anyone who really knows how to approach this industry the right way?

The question is are you going to take action and capture a piece of the pie for yourself?

Most millionaires in real estate are made in down markets.  It is no secret that southwest Florida is the poster-child for U.S foreclosures.  That’s great for us because that always brings unique opportunity to those with cash or great credit.  Real estate in Lee County is selling at 75% discounts from the original notes and our REO portfolio from our sources are sold at about 30% below current retail. 

Not every REO is a great deal per say.  There are thousands of wholesalers in the industry so it is important to do a good amount of your own due diligence additionally. 

Currently, banks are holding an enormous portfolio of bad debt which are predominately foreclosed and repossessed homes.  We look at it as we are helping one another out.  MyRealtyService looks to purchase these homes at massive discounts and stops the bleeding at the bank.  We have looked into dozens of markets, searching for the most significant discounts that could provide a great level of value.  Southwest Florida is by far the most heavily discounted region we have researched.

South Florida experienced unprecedented growth followed by a gigantic crash.  This crash has created unique and historic opportunity for investors who have the buying capabilities to pluck these homes from the market at substantial discounts. 

Today we are investing in Florida’s future.  Not another place in the world offers such real estate discounts and natural amenities.  It is projected that by 2030, one county in specific is expected to grow by over 400,000 people. 

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One Comment »

  • With foreclosure being all the rage since the last 4 years, many people have burned their fingers trying to make a quick buck. Always get advise form experienced people from the industry.

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