Foreclosure Investing For Dummies [Paperback]

Ralph R. Roberts (Author), Joe Kraynak (Author)

Book Description

Publication Date: May 29, 2007

With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

• Identifying opportunities and understanding risks
• Obtaining information, tools, support, and resources
• Locating properties prior to foreclosure
• Assisting homeowners through the foreclosure process
• Acquiring properties below market value prior to the auction
• Buying property at an auction, from lending institutions, and government agencies
• Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

Editorial Reviews

From the Back Cover

Covers foreclosure rules and regs for all 50 states

Minimize your risks and maximize your return, while assisting homeowners

Want to buy and sell foreclosure properties? This hands-on guide covers all aspects of investing in foreclosures, from identifying potential properties and assessing value to carefully researching and inspecting properties, so you don't get stuck holding a money pit . . . or even worse, a worthless piece of paper! Discover how to deal with homeowners in preforeclosure, bid for a property, buy bank-owned properties at well below market value — and ultimately sell for maximum profit.

• Research property titles, mortgages, and deeds

• Build a strong investment team

• Obtain financing

• Network your way to success

• Avoid common pitfalls

• Invest with integrity

About the Author

Ralph R. Roberts is a seasoned real estate professional and foreclosure expert who buys, rehabs, and resells homes.

Joe Kraynak is the author of more than fifty books, including Flipping Houses For Dummies.

Product Details

• Paperback: 384 pages
• Publisher: For Dummies; 1 edition (May 29, 2007)
• Language: English
• ISBN-10: 0470122188
• ISBN-13: 978-0470122181
• Product Dimensions: 9.2 x 7.4 x 0.8 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #35,828 in Books (See Top 100 in Books)
  • #34 in Books > Business & Investing > Real Estate > Investments

Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

4.0 out of 5 stars Concise, clear approach, June 5, 2008

By 

T. Agoston "tawmbooks" (Connecticut, USA) - See all my reviews
(REAL NAME)   

This review is from: Foreclosure Investing For Dummies (Paperback)

Par for Dummies series -- very informative, useful, clear and easy to read. Lays out upside potential as well as downside risks. As an adjunct, I've been using a beta service at realquest dot com which lets me search for pre-foreclosure, foreclosured and bank-owned homes in my local area. Perfect combo.

6 of 6 people found the following review helpful:

5.0 out of 5 stars A good read for buying a home (discounted), April 17, 2009

By 

C. Engstrom "I miss omaha!" (Global) - See all my reviews
(REAL NAME)   

This review is from: Foreclosure Investing For Dummies (Paperback)

I'm a first time home buyer and I really got interested into foreclosures and tax deeds. Right now there's just a lot out there that's for sale retail price but there's a lot more that's actually discounted through foreclosures. If I can buy the same quality for less price, why not right? This book helped me sort through a lot of the terminologies and helped me understand what to look out for. Very quick and easy read and recommended along with other foreclosure books I found helpful.

Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series

22 of 28 people found the following review helpful:

5.0 out of 5 stars INFORMATIVE & TO THE POINT, December 27, 2007

By 

Daniel J. Coyle "dan6133" (Cherry Hill, NJ) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Foreclosure Investing For Dummies (Paperback)

FORECLOSURE FOR DUMMIES - Informative, with no wasted text, very concise and full of useful facts. Especially readable, moves along and warns of related problems that must be considered when investing. Excellent book