Real Estate Investing In 2016. If I Had to Start Over Tomorrow, Here’s What I’d Do

real estate investing 2016
Real Estate Investing in 2016

So, I’ve been in real estate investing for almost a decade. I made it through the crash in 2008 and have seen it all. So as you could imagine, I get asked all the time, knowing what you know now, what I would do if I had to start all over tomorrow?

Well, here goes.

1. I’d assess my cashflow:

The first thing you do when starting off in real estate investing is take stock of how much cash you have. Are you sitting on a fat bank account that allows you and your family to survive while you learn how to do this?

  1. What will your personal and business expenses be over the next 6 months?
  2. What’s your cost of living going to be?
  3. Are you like 31 and living with your ex girlfriend for free in her apartment?
  4. Do you have money to support yourself and your family? You’ll need it.
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What Is Foreclosure Investment?

What Is Foreclosure Investment?
What Is Foreclosure Investment?

Foreclosure investment is the practice of investing capital in the sale of a property that was mortgaged, after the loan secured by the property is foreclosed.  Foreclosure itself is when a lender attempts to recover capital loaned to a borrower by selling an asset the borrower provided as collateral for the loan; in this context, the collateral is usually real estate.  This type of sale may be facilitated either in court, in which case it is referred to as a judicial foreclosure, or by an appointed trustee, in which case it is a statutory foreclosure.  In many cases, the lender themselves will end up bidding on and acquiring the foreclosed property, but anyone may bid, which paves the way for foreclosure investment by other parties.

Foreclosure investors are also presented with opportunities to acquire properties before the actual foreclosure process is underway; these are referred to as pre-foreclosure sales, and are handled a few different ways:

  • Some borrowers may attempt to sell a property to avoid being foreclosed.
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