This morning in the Sacramento Bee there was a full page ad offering free seminars.
Their pitch was as follows: Get foreclosures directly from lenders and do it quickly before they’re listed for sale.
How to resale them at major cash profits
All with no money out of your pocket
It is a 3 hour free workshop.
This veteran real estate guy is going to attend and I will report back to you.
The banks are greedy, but not dumb. However, sometimes greed causes people to make dumb mistakes.
If it sounds too good to be true. You have read that line before. The rest
of it goes like this – It usually is hype.
There web site is Bankforeclosuresdirect.biz
1 Lambert Munz MPM, RMP
Buyer consultant and property manager
Visit www.arbourpm.com regarding our services
and our book store at www.expert-landlord-resources.com/resourcestore.html
featuring my book House Investor’s Manual
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Out of fairness I will attend because maybe that have some proceedure that I not aware.
I know this much-the current market has low inventory right know. The Banks rather deal with experienced people with cash.
The Bank is awaree of current market values, but will discount the price to allow for repairs.
The Banks sell AS IS. That is right you better know what kind of merchandise you are buying. The costs to repair may exceed market prices.
There are hundreds already in line ahead of you to buy the limited available properties. Some are heany hitters.
However, as an experience property manager and real estate broker I will check them out and report back to you.
P.S. They don’t give free seminars without having a package available that will sell for a $1000 or more.
