Foreclosure Real Estate - What You Need to Know Before Investing

By John Krajewski

Real estate investing isn't just for retirees looking to earn income. The promise of guaranteed earnings and the huge earning potential make REI one of the more popular ventures for many younger folks as well. With REI, the old adage of starting with the end in mind rings very true.

To begin, decide what type of REI you want to do before you ever look at your first house. Are you looking for a property to flip? Are you planning to renovate the property for some other use? Will you rent it out as an income-producing property? What kind of area are you looking to buy in - rural, urban, or suburban? Knowing which direction to head in will save you some time and help you find the professionals and funding that are right for you.

Once you know what type of real estate investment you want to make, start talking to area real estate agents. The right agent will know the market, and be able to offer guidance from an investment perspective. Depending of the type of REI you have chosen, a knowledgeable real estate agent will be able to help you quickly locate properties that fit your needs and your budget. Don't be afraid to let the agents know you are talking to others... REI is a huge money-maker. The promise of commission on a huge sale will be more than enough to make the real estate agents compete for your business.

Once you have an idea of what's out there for the type of real estate investment you want, start shopping around for financing. Have no credit or bad credit? Consider creative financing through private money lenders. PML's are often the funding choice for companies and well established real estate investors. They offer flexible funding terms, and can also put up money fast ... two very important things to keep in mind on deals that must close quickly. Otherwise, talk to banks and other financing companies to find out what's out there. It is best to prequalify for funding before going house hunting. This will prevent headaches later for everyone!

Real estate investing is not as hard as people might have you believe. It does take research and persistence. The income potential is amazing... there are tons of true stories out there of everyday, normal people making thousands of dollars through REI. It is possible, and it can be you. If you do your homework, and master the basics, it won't be long before people are reading your story of excellence and success.


About the Author:
John Krajewski is a 33-year old real estate investor who has spent several years building a successful REI portfolio. After facing and conquering the common REI trials and tribulations that most new investors deal with, John has poured his wealth of valuable information into one amazing e-book: Secrets to Foreclosure Profits. This powerful e-book teaches real estate investors of any level how to profitably invest in foreclosure properties using the insider secrets and little-known tips discovered by John during his direct experience with foreclosure REI. Besides real estate investing, John also enjoys snowboarding, mountain biking, networking with other investors, and spending time with his family. Learn more about John's e-book Secrets to Foreclosure Profits at http://www.4closuresecrets.com