Baltimore HUD Homes Blog

Some people think you need to work full-time to be a successful foreclosure investor. Others think that foreclosure investors are “vultures” that prey on people in trouble. In this article, I show you that you can invest in foreclosures in your spare time and your role as a foreclosure investor is to help others.

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You have finally found the home of your dreams. You have searched all over and are ready to purchase it. Before you even make …..

Bank Foreclosure - REO Investing in Your Spare Time

You can do this business part time to start. For me, I didn?t want a job. A JOB stood for Just Over Broke. Your boss paid you just enough for you not to quit, and you worked just enough to not get fired. My suggestion is if you?re working at a full-time job, start by doing this business part time. It is important to continue generating income until you cannot afford your current job, or your current job is costing you money.

Here’s what I suggest: keep working at your current job until you?re making more working the foreclosure market and then quit.

If you currently do NOT have a job, then you have no excuse not to be successful investing in foreclosures. If you do not have a job right now, it IS possible to create a fortune with little or no money down. Is it harder? Yes. Is it possible? Absolutely. Should you try it? You bet. What else have you got to lose? You currently aren’t working!

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You need to understand that this is a numbers game. There are many, many books on how to buy real estate in creative ways. Carleton Sheets has a great introductory course on investing in real estate with nothing down. Bill Bronchick has many courses. There are lots of other courses that can help you get started in real estate without having a tremendous amount of capital. If you educate yourself with courses and tapes and if you understand that not one author has all the answers, you can put together a system that works for you.

Helping Others Through Bank Foreclosure - REO Investing

There are so many different ways to gain satisfaction from the business of foreclosure real estate. The foreclosure business offers unique insights into the psyches of people under stressful situations.

Much satisfaction can come from assisting people, relieving stress and helping reduce the negative events that are happening in their lives. For a lot of homeowners all they want to do is be clean and walk away from that property and the problems that are associated with it. They want a clean slate. You offer them a solution to their housing problem.

For other homeowners, they?re looking to get a bit of equity back out from a house that they spent many, many years building up. You offer them that solution to their problem and that?s an important service that we provide to our community.

And in the neighborhood you help improve the property values. You take that house–which is sometimes the most ugly, the worst, the trashiest-looking house in the neighborhood–clean it up and create a house that fits into the neighborhood. The neighbors now love you, the people who buy the home love you, you?ve made a tidy little profit, the house is back in circulation, a new homeowner lives in it, with new dreams happening in that house.

You have to admit, that’s pretty cool!

Paul Wells has been investing in foreclosures full-time for more than 5 years. For more foreclosure investing secrets like the one in this article, subscribe to Paul’s Free Bank Foreclosure - REO Investing course here: http://www.FreeBank Foreclosure - REOInvesting.com