- Paperback: 272 pages
- Publisher: John Wiley & Sons; 5th Edition edition (24 Sep 2003)
- Language English
- ISBN-10: 0471464856
- ISBN-13: 978-0471464853
- Product Dimensions: 27 x 21.1 x 1.8 cm
- Average Customer Review: 3.3 out of 5 stars See all reviews (3 customer reviews)
- Amazon Bestsellers Rank: 5,007,048 in Books (See Top 100 in Books)
- See Complete Table of Contents
Goldmining in Foreclosure Properties
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More About the Author
Product Description
Product Description
Start Building Wealth Today by Investing in Distressed Properties!
Combining proven strategies with nearly thirty years′ experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process–from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real–life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs–based rules.
Goldmining in Foreclosure Properties shows investors and first–time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on:
∗ Procedures for locating distressed properties
∗ Financial analysis techniques for evaluating property and making the right offer
∗ Bidding successfully at auctions
∗ Effectively dealing with lenders when the property goes REO
∗ How you can benefit from reselling property quickly
∗ Negotiating tips for dealing with new purchasers and profitably transferring titles
∗ Generating rental income, capital appreciation, and tax savings through property leasing
Combining proven strategies with nearly thirty years′ experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process–from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real–life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs–based rules.
Goldmining in Foreclosure Properties shows investors and first–time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on:
∗ Procedures for locating distressed properties
∗ Financial analysis techniques for evaluating property and making the right offer
∗ Bidding successfully at auctions
∗ Effectively dealing with lenders when the property goes REO
∗ How you can benefit from reselling property quickly
∗ Negotiating tips for dealing with new purchasers and profitably transferring titles
∗ Generating rental income, capital appreciation, and tax savings through property leasing
From the Back Cover
Start Building Wealth Today by Investing in Distressed Properties!
Combining proven strategies with nearly thirty years’ experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process–from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real–life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs–based rules.
Goldmining in Foreclosure Properties shows investors and first–time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on:
- Procedures for locating distressed properties
- Financial analysis techniques for evaluating property and making the right offer
- Bidding successfully at auctions
- Effectively dealing with lenders when the property goes REO
- How you can benefit from reselling property quickly
- Negotiating tips for dealing with new purchasers and profitably transferring titles
- Generating rental income, capital appreciation, and tax savings through property leasing
Inside This Book
(Learn More)
First Sentence
Goldmining in Foreclosure Properties deals with homes, condos, and smaller rental units that have fallen into the "distress" category, meaning that the owners are in a hurry to sell. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Goldmining in Foreclosure Properties deals with homes, condos, and smaller rental units that have fallen into the "distress" category, meaning that the owners are in a hurry to sell. Read the first page
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Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews
5 of 5 people found the following review helpful:
1.0 out of 5 stars
Don't expect this book to teach you anything new,
By A Customer
This review is from: Goldmining in Foreclosure Properties (Paperback)
What you WON'T find in Goldmining in Foreclosure Properties is any untrue hype or other type of "get rich" schemes. You won't learn how to buy properties for $1.00, nor will you find any clever plans for using OPM or anything else like that.What you WILL get is a book that: 1) Is brutally honest with respect to the fact that it takes money to make money: "...I'd get one certified check for $90,000.00 and four $10,000.00 checks..." 2) Has embarassingly dated information: "...by the middle of the 1990's, we may have an avalanche of foreclosure and defaults..." 3) Is filled with numerous examples of the form "I bought the house, took out a 2nd mortgage, rented it to my grandmother, painted the gutters, gave a buy option to my brother-in-law, installed indoor plumbing, yada, yada, then made $1000.00 net profit a year later". Yawn. 4) Paints the investor as some sort of white knight who saves defaulters and banks. Then, in almost the same breath, says things like "immeditaely evict the tenant". 5) Does not give you any specific information. Want to know how to navigate a deed room? No dice. The quote on the front of the book, in a very clever way, totally sums up the book: "An excellent overview of the benefits of buying foreclosures". Read that close, especially the "overview" and "benefits". What it DOESN'T say is "An excellent information source for buying foreclosures". Don't waste your money on the book.
5.0 out of 5 stars
A great place to start in Real Estate Investing,
By A Customer
This review is from: Goldmining in Foreclosure Properties (Paperback)
This book help me get staarted in Real Estate. I bought my first house as a Pre Foreclosure and made a $ 20,000.00 dollar profit. A great place to start.
4.0 out of 5 stars
lots of good technical detail,
By A Customer
This review is from: Goldmining in Foreclosure Properties (Paperback)
Of the several foreclosure manuals I've read, this is definitely the best. The author gives several examples of his own purchases making it more believable. This one is not quite as hyped-up as the usual get-rich-easy real-estate book. The 3 phases of foreclosure, along with lots of good technical how-to details are covered. I highly recommend it!
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