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Real Estate Investing with Joshua Blank || From Wrecks To Riches
What we all really want is a fortune every month and you want to work from home...or better yet the beach. I'm not talking $5K or even $10K per month. I'm talking $50K - $100K per month.
Not per year, we're talking MONTH.
In order to make tons of cash, you need to do something that will provide MASSIVE VALUE. Right now banks are screaming to dump the bundles of foreclosures off their books and they are selling homes for pennies on the dollar. If you can take these off their hands, you'll make fortunes.
Buying forelcosures is nothing new, but the process of getting the best deals has changed. Have you heard of an REO? Have you heard of a short sale? I'm sure you've heard of a foreclosure. They all basically represent and opportunity for you to make the $50K - $100K per month that you're looking for.
Wondering how you can find foreclosures? My goal today is to show you how to identify some of the best foreclosures around.
I could give you a ton of places to find foreclosures, but I'm going to skip all that nonsense and cut to the chase. I'm going to give you the best three sources of foreclosures.
Agents
Agents
Agents
You can spin you wheels forever trying to find pre-foreclosures, distressed sellers, and tax deeds but it's like a needle in the haystack. Stop wasting your time. Local Real Estate Agents are the best and fastest source of great foreclosures.
I know, I know, you're thinking that you need to buy internet lists or go to the courthouses right? You can, but that's a lot more work. The best source of great foreclosures is your friendly REO broker. Basically just another agent who specializes in foreclosures.
Cut to the source! Agents work with banks and distressed seller already. Stop trying to find them yourself. Use local agents to find great deals and turn them into CASH within days.
You can't just find a great deal and POOF, cash appears...Or can you? The fastest way to make the quickest amount of cash that I've seen is through flipping contracts, no from flipping homes. You can make much faster money selling, assigning or flipping a contract than you can through any other source. Now you may make more money rehabbing or wholesaling, but if you're looking for piles of cash lightning fast, flip contracts, not homes!
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