Buying Foreclosures Insider Tips

July 9, 2009 | By | 2 Replies More

Buying ForeclosuresBuying foreclosures is an extremely hot topic right now. With escalating foreclosure rates, banks are dumping properties left and right and investors are getting great deals . . . truly a win win!

You see, banks want investors buying foreclosures. They NEED to unload their inventory! Most people don’t know that for every house a bank takes back as a foreclosure, it limits the amount that the bank can lend.

And that’s how banks make money . . . by lending it out. Banks aren’t in the business of owning real estate, they’re in the business of loaning money and making interest.

Soooo, banks are very motivated to get these liabilities off their books. That’s where you, the investor, come into play . . . if you know how to navigate the foreclosure buying process.

One of the most viewed real estate investing videos on YouTube right now is called, “Real Estate Investing Tip: Becoming a Foreclosure Insider.” Wholesaler, Bob Norton, shares some great tips on building relationships with REO and foreclosure agents so that you can start buying foreclosures.

Buying Foreclosures Insider Tips

I wanted to expand upon a few of the tips for you, so I shot a quick video response. In the video, I cover four tips that Bob Norton discussed. Three of which I agreed with and one that I disagreed with … check out my video below to learn more . . .

Buying foreclosures can be a very profitable way to pick up great deals at pennies on the dollar.

If you have any further questions that I can help you with, put them in the comment area below.


The first video is from my buddy JP Moses YouTube Channel. He’s an awesome guy and creates some great videos, check out his FlippingHomes YouTube channel.

If you haven’t already, go to MustKnowInvesting’s YouTube Channel and subscribe to my videos so you don’t miss out.

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Category: Real Estate Investment Buying Strategies, Tips and Tricks

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  1. Paul says:

    Some good tips and a plug for JP as well
    .-= Paul´s last blog ..Feb 22, Investing In Rental Property Sitemap =-.

  2. Patrick Riddle says:

    Thanks Paul! Yep, JP is awesome. I love his stuff.

    ~ P-Rid