Why Should You Focus on the Foreclosure Niche?
The opportunities that exist in the foreclosure niche are huge right now and they are continuing to grow at a rapid pace. This is spurred by the increase in foreclosure rates across the country being led by California and Florida. Focusing on foreclosure transactions allows you to work on Luxury Homes without the traditional Risk you would normally assume by qualifying and signing for a mortgage.
In the Foreclosure Niche, you take control of a property by getting the deed and selling the home to an investor or owner occupant depending on the price range, neighborhood and condition of the house. By Focusing on Luxury and Higher end Home, you can make more profit per house with the same amount of work. When you combine this with the ability to short sale Jumbo Mortgages, You’ve got your golden ticket.
Lenders are extremely flexible on negotiating high dollar mortgages and jumbo loans because they definitely dont want these houses back. Would you rather make 10% of a 150 thousand dollar home or 10% of a 1.5 million dollar home? The Mortgage Marketplace has created such a large number of defaulted mortgages that it has created unlimited opportunities to do these types of transactions.This is because of the very aggressive sub prime products they put out in the market place and their loosened guidelines for allowing weak borrowers to buy properties they normally wouldnt have been able to buy. They did this because of competition needed to get their money out in the market place.
The Foreclosure Niche is the Best Niche in the Real Estate Investing Business because:
1. The ability to control High Dollar and High Profit Potential Homes with no Risk.
2. You dont have to have Good Credit because you dont have to qualify for mortgages in your own name.
3. You dont need a lot of money to get started. This business has very low barriers of entry.
4. You dont need any experience because if you follow my system, it will show you how to create the huge checks by following the step by step system.
5. You can purchase a foreclosure quickly because you have a motivated, cooperative seller.
There are not enough investors in the marketplace right now to handle the volume of homes going into foreclosure. We need more investors and Im on a mission to create very successful investors that want to get extremely wealthy over the next two to three years.This situation wont last forever. Just 3 years ago it was very difficult to find these types of deals. Its so easy now, its pathetic! Take advantage of it while its here.