Have you ever thought about what it is like to be the bank? And, by “be the bank” I mean like Wells Fargo or Bank of America…where you have people bring you money all day every day and then you get to lend that money back out and make fees? Being the bank is a pretty sweet gig. Let’s think about this for a moment. At your local bank you willingly give them your money for little to know interest in return. They lend out that money on the long term (mortgages) at low interest rates 3%-4%, Read more…
Sixteen years ago I began my career as a real estate investor in the often overlooked, and sometimes treacherous waters of the foreclosure auctions (aka Trustee Sales). The Trustee Sales can be a tremendous place to find continuous below market deals without having to deal with sellers. There is, and will always be foreclosures. So today I want to show you how you can add bidding at the Trustee Sales to your investor tool belt. The first thing that you need to know about investing at the foreclosure auctions is that it truly is “buyer beware”. Now, don’t Read more…
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