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The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the ...
Thomas Lucier
Wiley
, 2004 - 272 pages
average customer review:
based on 208 reviews
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highly recommended
Good read
Very informative
kit
. Many people hear the word foreclosure or
pre
-foreclosure and automatically think, bargain or a steal or
buying
a home for dirt cheap; but there's a lot more to it than that and this book gives you a very good insight of
how
the process works. Buying distressed
Real
Estate
can be time consuming, costly and a real challenge, as you will find out after reading this book.
Perhaps the best book on foreclosures for the average reader.
This is the fourth book on foreclosures that I have read in the last two weeks and it is by far the best. copywrite is 2005. The author says less than 10% of the people reading this book will ever buy a foreclosure property. He also says, "The number one reason most beginners strike out in this business is they overestimate the current market value of the very first
pre-foreclosure property
they purchase". "Market value" is not the same as "current value". "Assessed value" is not the same as "appraised value". The author explains things in detail. He also gives you many, many sources online where you can gather much needed information to
make quality
business decisions. The many online sources alone justify the purchase of this book, but it is the author's honest handling of all phases of the foreclosure process that should make this your first foreclosure book. If you are currently in foreclosure buy this book and help yourself negotiate. If you are thinking of
buying
a foreclosure buy this book and learn why not to "purchase at auction on the courthouse steps" and why you should always pay a professional to do a through title search. One more thing. Some properties are not insurable. This book can easily save you thousands of dollars.
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Shortsales
The information included in this book has made my job much easier and has expanded my knowledge base and expertise. The organization I have derived from it is most valuable.
one of the top foreclosure books
I spent a weekend reading the book. Loved it. The author knows what he is talking about. He also has a good website where you can download the proper letter you should send out to people in distress.
I own a foreclosure company and have adapted some of his techniques, nevertheless (not to take away any merit from the authorm but instead to enhance the next version of his book) our company principals felt like the letters were a little bit to hard on the person that is loosing their homes. And sometimes talking this hard to people could have negative consequences. We have to understand that these are individuals that when loosing their homes, can go into denial and sometimes enter into very heavy de
pre
ssion.
If you do decide to get into this process of sending out letters the only thing you should try and add to them, is to let the people know that you are there because you
really care
to help them out and you are not there to
make
a quick buck! People will give you their homes if you are upfront, honest and ethic about what you are trying to do.
Don't forget to add a little note written by hand thats tells the reader that you: "really care to help them!"
Other than that, you should buy the book if you are into the business of Real
Estate
.
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Pre
-foreclosure
real
estate
is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investors
Kit offers
step-by-step instruction and no-nonsense advice on
how
to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. Youll learn how to get the best deals on foreclosure properties
before they
go to auction and utilize simple ready-made worksheets, checklists, forms, and agreements that
make getting
started easy. Even people of modest means can get into pre-foreclosure investing?all it takes is a little hard work, persistence, and the tools youll find in this handy guide.
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