"A declining market is the best market in which to make money." -Donald J. Trump With rising foreclosure rates, it's easy to find discount properties--especially in the abandoned property market. But how do you choose the best ones with the most profit potential? And how do you deal with the complexities and problems associated with abandoned properties? The Abandoned Property Investor's Kit gives you all the practical, effective tools you need to break into this lucrative real estate niche. Reggie Brooks, the #1 abandoned property specialist in North America, shows you how to find abandoned properties, locate the owners, negotiate a cheap sale, get the financing you need, and turn your investment into big bucks. Brooks also explains the tricky aspects of abandoned property investing and offers proven solutions for dealing with them.Inside, you'll discover how to: * Start investing in your spare time, with little or no money down * Find great properties in your market * Use creative financing techniques like wraparound mortgages and subject-to deals * Rehabilitate properties for increased curb appeal and higher rents or resale prices * Negotiate to win with lenders and owners * Understand purchase agreements and other documents Even without cash on hand or a massive line of credit, savvy investors can still make a bundle.
This comprehensive guide shows you how.
REGGIE BROOKS is known as "Mr. Abandoned Properties" and is America's leading speaker on the subject. Starting with very little money, he began investing in abandoned rental properties in Los Angeles and went from making $36,000 per year at the local telephone company to making over $40,000 per month in his real estate business. He remains an active investor.