Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

I'm a cash buyer in Los Angeles. If you wholesale in the area, please contact me.

Dean's NEWEST Huffington Post article is up! -- When Real Estate Investing Really Sucks...

Don't forget to comment below and let me know what you think.

http://www.huffingtonpost.com/dean-graziosi/when-real-estate-investin_b_...

I am as new as they come. I have a potential deal. A woman has about 47k worth of debt on her home in taxes. She's willing to let it go for that amount. I believe the ARV is somewhere around 150k. At the moment its MV is 126K. The house needs to be gutted. Her words. I'm putting about 40k for that type of work, but still I'm not sure of that either. Could you please help me?

I see many people referring to Zillow to value a home, but are Zillow home values accurate enough to depend on? Zillow uses what they call a Zestimate to give values on homes. Many home buyers use Zillow.com as a basis for what their home or a home they want to buy is worth. Zillow has many great tools and a lot of information for homeowners and home buyers, but I do not think you should depend on their home values.

Hello I was have recently been researching "pre-foreclosures" and have also been talking with Dallin about these types of properties as well..

After getting a list of these pre foreclosures and researching the information on the property have a list of about 20 people/addresses to send these letters to...

I am posting this to see if anyone has any tips or pointers or maybe even an example "yellow letter", they can provide me with in order to be successful and hopefully get a couple more under contract, so I can keep moving on and get that much closer to my goals...

Thank you very much to everyone for taking the time to help me with this....

What is the best way to locate pre foreclosures? I notice a lot of them on Zillow, but is it ok for me to drive to the owner's home and make an offer? If so, would this be a good idea? Are there any risk factors?

With home prices rising, big real estate investors have discovered another source of cheap property: bad mortgages. American Homes 4 Rent (AMH), the second-largest single-family landlord after Blackstone Group (BX), Barry Sternlicht’s Starwood Waypoint Residential Trust, and Altisource Residential (RESI) are stepping up acquisitions of nonperforming loans, or NPLs, to expand their holdings of homes to operate as rental properties.

When buyers hear the term "short sale," they typically think about distressed sellers and good deals -- especially in markets where prices have ticked upwards. But the word "sale" can be misleading. In fact, many real estate agents have renamed "short sales" as "long-and-drawn-out sales." Here's why short sales often take a long time to complete.

I have a bird dog who mowes the lawns of bank owned properties and he has given me the list of these properties with the address and the lockbox code. How can i assign these properties ? How can i sell these houses to an investor ? How do i use an LLC to get the property under contract ?
Thank You for your advise,
Gene

Before buying real estate, estimate just how beneficial buying this property will be for your specific needs. If you are looking for a family home, for example, you know the importance of buying what you love and what will work for your family's specific needs and concerns. Aside from this, though, you also need to consider if the facility is going to be worth the money you pay for it. Is this a good financial investment in your future?

Since the purchase of a home is the largest investment most families will make in their lifetime, it pays to invest wisely only after considering all of the facts.

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