Gilbert Arizona - Real Estate Market
If you're looking at homes for sale in Gilbert AZ trying to find the best deals, you might want to read this...
Here's what you'll learn Click on the link to see past blog entries
How to get a FREE list of Bank Foreclosures and Other Distress Sales.
Many people hear about the foreclosure market and how it can provide great deals on homes. It is no doubt one of the most common way, which investors find the best deals and make money with. Then why can't more people do it?
The short answer is FEAR. I know there are other excuses like, time, money, credit, and knowledge, but ultimately it boils down to FEAR.
Most investors use other people's money/credit to invest. These same methods are available to beginner investors, but they don't use it because "What if it Doesn't WORK?" (FEAR)
There is a wealth of knowledge for FREE on the internet, but most people don't take action because "What if it Doesn't WORK?"(FEAR)
There are many coaching programs which cost a lot of money and will teach you how to invest but most people won't join because "What if it Doesn't WORK?"(FEAR)
There's actually many people who do join these coaching programs and still fail to take action even though they know everything they need to know and we are back to the FEAR factor again...
Understanding Foreclosures....
Many people hear the word foreclosure and they can only think of the auction day when it will be sold. There are 3 stages at which you can buy these homes:
- Before the Auction
- At the Auction
- After the Auction
When you understand each of these you'll have a greater chance at getting your hands on one of these deals.
In my own experience the best deals to be found are before the auction. As you get closer and past the Auction day, your chances of finding a good deal diminish greatly.
Don't get me wrong, you can get really good deals after the auction but the difference is, they are deals created by the investor's imagination. (Meaning it was a good deal all along but no one saw the potential)..... I will be talking more about this later.
There's also what's called REO packages which run for about $10 Million, and you get homes for 30 cents to 75 cents on the dollar.
Getting a FREE list of Foreclosures.......
My friends could not believe me when I told them I was going to share this information, but I truly want to hear from anyone who has benefited from it.
Like I said, you want to find these pre-foreclosures before other people do. Since this is a highly competitive area, you must be ready and willing to compete.
Most people get a list of homes that have a Notice of Default and/or trustee sale from the Maricopa county records. This is a FREE list that many people don't know about.
You can take this list and go knock on doors and find out if the owners are willing to sell the house to you.
Or....
If you truly want to beat other investors, you must advertise to homes in a specific area. We use the same ads that have worked for years, and I'm including a copy here:
I can tell you that it costs about $20 to $100 per lead depending on your market area.
You can also take advantage of our FREE service which gives you access to a list of foreclosures in the east valley.
To learn more about this service please click here
Also, I'm looking for apprentices who want to learn real estate investing and/or are looking to build wealth. We are holding cashflow events in the Phoenix area.
Click here to learn more about these cashflow events
Our next blog, I will go more in detail about how to best negotiate an offer to get the price that you want (and need).....
;)
;)
