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Foreclosure Investing for Dummies

Foreclosure Investing in Denver real estate

First time home buyers, second time home buyers, investors whoever you are, our Denver real estate market in many sectors is prime for making a good deal. Many savvy buyers/investors realize this and are making their purchases now.

Investing in Foreclosures is not for everyone. There are many aspects that need to be considered, researched and understood. If you are thinking about purchasing a distressed property, there's a new book that might help you understand the process. Written by Ralph Roberts it's called: Foreclosure Investing For Dummies.

The book is written in plain English and talks about the different foreclosure purchase strategies.

Banking on Bankruptcies
Knowing When to Purchase
Negotiating Short Sales
Knowing the Lien Holder pecking order
Tracking down property tax sales
Bidding for properties at a foreclosure sale

Working with foreclosures is not for the weak of heart. Armed with knowledge of the process, a solid strategy and some investment capital, a wise investor can make a good living by specializing in this market.

The Dummy book is a valuable resource for those who wish to learn or merely brush up on their skills. I highly recommend it!

NOTE: Each State in the U.S. has it's own laws. The book addresses this in the back using professional Realtor contacts for each individual state. Ralph asked me to represent Colorado, so now I am featured in a Dummy Book. My life is complete. Thanks Ralph!

Posted by Kristal Kraft ~ Denver Real Estate on 08/31/2007 01:17 PM

Comments (19)

ralph roberts, foreclosure investing for dummies, denver real estate

19 Comments on Foreclosure Investing for Dummies

Kristal - You're a great choice for Colorado - glad to here good things happening for you. I'll have to get a copy - Kudos to Ralph - it's a much needed book right now.

08/31/2007 01:42 PM

by Clearwater Real Estate - Tampa Bay FL Homes & Condos for Sale- Cyndee Haydon (Belloise Realty)

Well, that might be an exaggeration. Your life isn't complete yet, but congratulations.

I was speaking to an agent a few days ago that does a lot of bank foreclosures. Taking your business there is not for those with weak knees. I remember when he was on the news because he was the one who found the bodies ~ arggh!

08/31/2007 02:27 PM

by Dena Stevens ~ Ecobroker ~So. Colorado Realtor (Colorado Western Real Estate)

Congratulations...I will pick up a copy of the book. LOL you've arrived you made it into a book for Dummies <gg> !

08/31/2007 02:29 PM

by Monika McGillicuddy~ N.H. Real Estate Broker & Trainer (Prudential Verani Realty/Hampstead)

Hi Kristal, I'll have to check this one out. I get tons of calls from people who are clueless about what a treacherous path foreclosures can be.

09/01/2007 12:44 AM

by Carol Williams Wenatchee Real Estate (TopPropertiesRealEstate.com)

When we buy them all I can tell you is we renovate..flip or rent..by the time the property hits the courts ..you still end up paying too much and there is a war. There might be an easier way to buy them. But if you jump into that game ..you better know what you are doing..because the experts will be you out.

09/01/2007 04:32 PM

by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)

My compliments on being included in the book. It's helpful for the investor to have a real estate professional who knows how to work with the banks - it's a whole different can of worms!

09/05/2007 12:01 AM

by Chrissy Harrison (ERA Tradewind Real Estate)

Hi Krystal,

I'll have to drop by the library and see if they have this one. It may be worth a quick read

09/06/2007 09:03 AM

by Tracy Santrock - Cary NC Real Estate (Fonville Morisey)

Great idea. I only wish I could read. Is there a podcast?

09/06/2007 09:54 AM

by Teresa Boardman (Keller Williams)

I would have never known this book existed. Thank you and...congratulations.

09/07/2007 08:44 PM

by Christopher Walker Hemet CA Real Estate (Mission Grove Realty - Homes, land and investment property.)

Looks like a great book...yet another to add to the ever-expanding list. Can I look at the Cliff notes? Thanks for sharing this, Kristal - hope you are well!

Jeff

09/11/2007 12:46 PM

by Jeff Dowler ~ Carlsbad Real Estate (RE/MAX Associates)

Kristal:

WOW! A very belated congratulations!

But as soon as we think life is complete, something unravels....

09/15/2007 12:20 PM

by Roberta Murphy ~ Carlsbad Real Estate (Villa Sotheby's International Realty)

09/15/2007 12:36 PM

by Teresa Boardman (Keller Williams)

Are you so consumed in forclosures that you have (so to speak) laid down your pen?

Miss musings from Denver lately.

Thanks for sharing your great state with me and three of my camping, hiking and (most importantly) trout fishing buddies. Had a great time in the RMNP and caught our fair share of trout.

Especially enjoyed the Grand Lake area. Much nicer, in our opinion, than Estes Park. Lots less crowded and commercial.

Hope you are among the living!

09/26/2007 04:18 AM

by Ed DeChristopher, CRS©,Fredericksburg VA (RE/MAX Supercenter)

I would have to agree with you and this is great information. I started to get into a forclosure sale but decided I was not ready for it yet.

Thanks for this information.

09/26/2007 09:17 PM

by Timothy Butterworth (Oregon Realty company)

I have inverstor that has read all the books. It fun to see how they talk about what they do after they read a new real estate book. Thank you for sharing this book with me.

10/02/2007 07:54 PM

by Steve Volkers Grand Rapids Real Estate (Keller Williams Realty)

Hi Kristal, You're a great choice for inclusion in this book. You help make dummies smart & that's well worth the price of the book. :)

10/03/2007 07:38 PM

by Audu Real Estate~Grand Rapids, MI Real Estate Broker

Being featured in a dummy book shows just how smart you are. I am glad your life is complete.

10/08/2007 09:19 PM

by Maureen Francis & Dmitry Koublitsky, SKBK Sotheby's - Metro Detroit (SKBK Sotheby's International Realty)

Krystal, congratulations on making it into a copy of the book. That is pretty neat, I heard Ralph at our state convention a few years back and he was fantastic.

10/08/2007 11:56 PM

by Omaha Real Estate -- David Matney, CRS,GRI (Alliance Real Estate)

Kristal that is so awesome that you are recommended in the book for the state of CO!!! I have an investor I am working with and she would like to know more about it since she doesn't have much experience yet; I will recommend this book to her. Thanks!

10/24/2007 08:41 AM

by Colorado Springs Realty Patricia Beck (Prudential Professional Realtors, GRI)

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