Comments on: Can I make money in real estate foreclosures with no money? http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/ Fri, 18 May 2012 11:13:51 +0000 http://wordpress.org/?v=2.7 hourly 1 By: MyHouseDeals.com http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/comment-page-1/#comment-2142 MyHouseDeals.com Sun, 06 Feb 2011 17:52:58 +0000 http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/#comment-2142 Are you interested in real estate investing? If so, then you should definitely brush up on your real estate knowledge before trying to get active in this field. Don't go into it thinking you'll be able to get rich quick because real estate investing is hard work. Real estate investors typically try to purchase investment property using as little of their own money as possible. They use hard money lenders as a way to finance the purchase of investment property. However, just note that real estate investing is not something you can just jump into. It takes extensive knowledge and support to get going in this field. And of course, the more money involved, the greater risk you take. MyHouseDeals.com is a great resource for investors, from those just starting to seasoned investors. BiggerPockets.com also has a fantastic forum for investors. ActiveRain.com is a general forum geared towards real estate professionals, not so much investors, but their knowledge and comments could be of some assistance. Good luck!<a href="http://www.popwebshop.com/jewelry/"> MyHouseDeals.com</a> Are you interested in real estate investing? If so, then you should definitely brush up on your real estate knowledge before trying to get active in this field. Don’t go into it thinking you’ll be able to get rich quick because real estate investing is hard work.
Real estate investors typically try to purchase investment property using as little of their own money as possible. They use hard money lenders as a way to finance the purchase of investment property.
However, just note that real estate investing is not something you can just jump into. It takes extensive knowledge and support to get going in this field. And of course, the more money involved, the greater risk you take.
MyHouseDeals.com is a great resource for investors, from those just starting to seasoned investors. BiggerPockets.com also has a fantastic forum for investors. ActiveRain.com is a general forum geared towards real estate professionals, not so much investors, but their knowledge and comments could be of some assistance.
Good luck! MyHouseDeals.com

]]> By: My Take on It http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/comment-page-1/#comment-2141 My Take on It Fri, 04 Feb 2011 08:01:30 +0000 http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/#comment-2141 LOL You are going to need money to just buy this guys *system*. You don't really think they are going to just teach you all these *secrets* for free do you? LOL No, you cannot buy foreclosures without some sort of collateral, money or an investor that is willing to put up the $$$ for you. What you will get from this guy who called is a sales pitch to buy his system or lessons or mentoring from him at a very high price. You will get frustrated because you won't have a clue what you are doing and give up. But, since you have no money anyways, be thankful you cannot get sucked into this infomercial type of scheme.<a href="http://www.batterybackupguide.com/battery-backup-pump.htm"> My Take on It</a> LOL
You are going to need money to just buy this guys *system*. You don’t really think they are going to just teach you all these *secrets* for free do you? LOL

No, you cannot buy foreclosures without some sort of collateral, money or an investor that is willing to put up the $$$ for you.

What you will get from this guy who called is a sales pitch to buy his system or lessons or mentoring from him at a very high price. You will get frustrated because you won’t have a clue what you are doing and give up.

But, since you have no money anyways, be thankful you cannot get sucked into this infomercial type of scheme. My Take on It

]]> By: kemperk http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/comment-page-1/#comment-2140 kemperk Tue, 01 Feb 2011 20:33:54 +0000 http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/#comment-2140 you "only" need to find buyers. GET a buyer committed to buying a property at 5-15% above what you KNOW you can get it for--get it under contract and then, in escrow, set up two escrows.........many escrow firms won't do those but they are legal. on one contract, you are buying the prop at x price and on the second contract, you are selling the property at x + $%. i can guide you [a double escrow is like a FLIP except in a flip the contract price does not change.<a href="http://www.greatjewelrydesign.com/gold-345"> kemperk</a> you “only” need to find buyers. GET a buyer committed to buying a property at 5-15% above
what you KNOW you can get it for–get it under contract and then, in escrow, set up
two escrows………many escrow firms won’t do those but they are legal.

on one contract, you are buying the prop at x price and on the second
contract, you are selling the property at x + $%.

i can guide you

[a double escrow is like a FLIP except in a flip the contract price does not change. kemperk

]]> By: prosey http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/comment-page-1/#comment-2139 prosey Mon, 31 Jan 2011 13:09:41 +0000 http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/#comment-2139 this is a scam. avoid it. you will only be getting youself in over your head. you cannot make money in real estate this way unless you already have money to invest. in this scheme you will be asked to open a line of credit- these so called, investers will suck the account dry and skip town and in the end you will be left holding the bag-owing more money then you will ever make in your lifetime........run run run.......because you WILL be responsible......you took out the loan, they will take the money and you will only own the debt.....most people wind up in bankruptcy court. bad times.<a href="http://bestluggageshop.com/"> prosey</a> this is a scam. avoid it. you will only be getting youself in over your head. you cannot make money in real estate this way unless you already have money to invest. in this scheme you will be asked to open a line of credit- these so called, investers will suck the account dry and skip town and in the end you will be left holding the bag-owing more money then you will ever make in your lifetime……..run run run…….because you WILL be responsible……you took out the loan, they will take the money and you will only own the debt…..most people wind up in bankruptcy court.
bad times. prosey

]]> By: stan c http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/comment-page-1/#comment-2138 stan c Fri, 28 Jan 2011 17:39:42 +0000 http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/#comment-2138 You're always going to need capital in order to make money in any business. The old saying is "if it's too good to be true, it usually is".<a href="http://www.resumeminers.com/Executive-Job-Search.htm"> stan c</a> You’re always going to need capital in order to make money in any business. The old saying is “if it’s too good to be true, it usually is”. stan c

]]> By: David http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/comment-page-1/#comment-2137 David Tue, 25 Jan 2011 23:01:14 +0000 http://www.stpaulhouseforsale.com/blog/can-i-make-money-in-real-estate-foreclosures-with-no-money/#comment-2137 Not any more. You could before it all came crashing down. Now too many laws to prevent it.<a href="http://www.cargearusa.com/srch/srch.php?q=Land+Rover"> David</a> Not any more. You could before it all came crashing down. Now too many laws to prevent it. David

]]>