A very typical situation: A real estate investor talks with a Realtor and asks, “Can you find me a deal?”
In most cases, the Realtor will jump on MLS, and search for a "deal", some property that is selling for less than market value.
They are not going to find it! Or at least not the kind of "deal" that any investor wants!
Many of today’s real estate investors are "fix and flip" investors. They want in and out in 90 days. You are not going to find a "deal" on MLS that will have a big enough spread between the asking price and the actual market value, which is essential to any fix and flip investor. Almost everything on MLS is at market value, or without sufficient spread to make it a worthwhile deal.
The holding cost, repairs, and commissions, along with many other expenses of holding a property for several months is going to eat away any potential profit with the small spreads available on any property listed in MLS.
So where can an investor acquire property significantly below market value? The public foreclosure auctions, the kind that take place every business day at county courthouses all over the US.
If you are a Realtor and don’t know about the foreclosure auction then you aren’t "full service". Investors have made over 50% of the transactions in real estate for at least the last 5 years. Can you afford to not be able to serve 50% of the market?
You can learn how to navigate the foreclosure auction and become a magnet to investors looking for an agent who knows how to find them the kind of deal they are looking for.
I’m Rick Rickert, licensed broker and avid investor. I’m a foreclosure auction expert, with 159 successful bids for myself, and another 2500 on behalf of my investor clients. I’ve made a fortune doing this and I’d like to teach you how to add this lucrative niche to your practice. I've created an online training system that teaches agents and investors nation wide how to successfully operate in the auction space. We're offering a preview with over 30 minutes of free content sourced from our signature education event, Auction Pro Academy. To check out this content packed video, please head over to: http://auctionproacademyonline.com/free/
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