The possibilities are vast as pre-foreclosures, auctions, and bank owned (REO) properties provide a never-ending source of investment opportunities.
With the great appeal of pre-foreclosures, you can create good deals and HELP homeowners who are in a bad situation with their lender. In every city, in every market, there are always homeowners and properties in and nearing pre-foreclosure. When you make offers before anyone else, you put yourself in a powerful situation to get the deal and help people at the same time.
Foreclosure properties present opportunities to buy at discounts and often significant discounts. Once you have obtained properties, you can determine the most lucrative exit option such as lease option, wholesale, income property, rehab, etc. When you acquire properties at prices well below retail, you are starting with solid advantages.
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