The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the ...

Wiley, 2004

average customer review:based on 209 reviews
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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 depression.

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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A Great Step-by-Step Intro in Investing

This is an excellent book by Thomas as he thoroughly takes you through the process of purchasing an investment property. He provides a wealth of resources on nearly every aspect of investing by listing websites and addresses.

His forms are great for providing you with an idea for approaching home owners. However, the tone of the letters are some what dismissive--but that's just my opinion.

The only area that needs enhancing is providing one with an idea as to estimate value in the property. He does not provide as much detail as others (i.e., Steve Berges "The Complete Guide to Real Estate Finance for Investment Properties"). With that said, it is an excellent resource and I highly recommend it.


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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.



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