Profiting From Free Foreclosure Listings

If you stumble upon free foreclosure listings, you will have the choice to either ignore the inventory or make the most out of it. Wise investors always opt for the latter and are making huge money by taking advantage of these listings. There are various methods on how you can use these directories to make money.

The first thing you can do is to provide leads to investors. Real estate investors like those rehabbing and wholesaling houses are always in the hunt for investment properties. However, they often miss a lot of homes when they drive around. Sometimes they rely on bandit signs that they forget to check free listings that contain foreclosures and other profitable properties. You can serve as a bird-dog finder of homes for these investors. Provide them with information on prospective leads and get some money through the lead you provided.

Better yet, you can be an investor yourself. If you see a potential profit-maker from free foreclosure listings, why not close the deal yourself. With the right knowledge and resources, you can better use these inventories. For those who worry about securing financing, you can always go to lenders like banks. If your credit is bad, you have another option in hard money lenders. These non-traditional creditors are lending money to real estate investors, especially rehabbers.

In case you are afraid to borrow money, you can simply try wholesaling houses. Contact the owners of the properties that you find in the free foreclosure listings. Tell the owner that you are an investor purchasing properties. Then, convince him to put the property under contract. The document will give you the right to purchase and therefore advertise the property. Do not be misled as you will not buy the house. You will merely look for a buyer who will need your contract to purchase the property. The title company will do the closing and send you your check. The amount is based on the difference between the buyer’s offer and the seller’s asking price and will depend on you.

Bird-dogging, wholesaling, and rehabbing are only a few of the effective methods of monetizing free property listings. And because foreclosure homes are in demand, their listings are also more profitable. A good example of a free property listing is RehabList.com. The website is used by real estate investors across the country and is considered No.1 in this field.

Whether you prefer wholesaling houses , buying and rehabbing fixer upper homes or tackling the art of flipping houses , investing in real estate has never been easier with RehabList.com.

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