- Paperback: 272 pages
- Publisher: Wiley; 5 edition (Sep 22 2003)
- Language: English
- ISBN-10: 0471464856
- ISBN-13: 978-0471464853
- Product Dimensions: 27 x 21.1 x 1.8 cm
- Shipping Weight: 603 g
- Average Customer Review: 3.4 out of 5 stars See all reviews (11 customer reviews)
- Amazon Bestsellers Rank: #1,224,169 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Details |
Product Description
Product Description
Start Building Wealth Today by Investing in Distressed Properties!
Combining proven strategies with nearly thirty years' experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process-from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real-life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs-based rules.
Goldmining in Foreclosure Properties shows investors and first-time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on:
* Procedures for locating distressed properties
* Financial analysis techniques for evaluating property and making the right offer
* Bidding successfully at auctions
* Effectively dealing with lenders when the property goes REO
* How you can benefit from reselling property quickly
* Negotiating tips for dealing with new purchasers and profitably transferring titles
* Generating rental income, capital appreciation, and tax savings through property leasing
Combining proven strategies with nearly thirty years' experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process-from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real-life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs-based rules.
Goldmining in Foreclosure Properties shows investors and first-time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on:
* Procedures for locating distressed properties
* Financial analysis techniques for evaluating property and making the right offer
* Bidding successfully at auctions
* Effectively dealing with lenders when the property goes REO
* How you can benefit from reselling property quickly
* Negotiating tips for dealing with new purchasers and profitably transferring titles
* Generating rental income, capital appreciation, and tax savings through property leasing
Ingram
George Achenbach, who has spent more than 25 years successfully buying and selling foreclosure properties, shows exactly how it's done. He offers investors and first-time buyers step-by-step strategies for saving the homeowner's credit, paying off the loan, and getting the property at a bargain price to resell, lease, or live in.
--This text refers to an out of print or unavailable edition of this title.
Inside This Book
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First Sentence
Goldmining in Foreclosure Properties deals with homes, condos, and smaller rental units that have fallen into the "distress" category, meaning that the owners are in a hurry to sell. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Goldmining in Foreclosure Properties deals with homes, condos, and smaller rental units that have fallen into the "distress" category, meaning that the owners are in a hurry to sell. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
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Most helpful customer reviews
1 of 1 people found the following review helpful:
1.0 out of 5 stars
Don't expect this book to teach you anything new,
By A Customer
Ce commentaire est de: Goldmining in Foreclosure Properties, 3rd Edition (Paperback)
What you WON'T find in Goldmining in Foreclosure Properties is any untrue hype or other type of "get rich" schemes. You won't learn how to buy properties for $1.00, nor will you find any clever plans for using OPM or anything else like that.What you WILL get is a book that: 1) Is brutally honest with respect to the fact that it takes money to make money: "...I'd get one certified check for $90,000.00 and four $10,000.00 checks..." 2) Has embarassingly dated information: "...by the middle of the 1990's, we may have an avalanche of foreclosure and defaults..." 3) Is filled with numerous examples of the form "I bought the house, took out a 2nd mortgage, rented it to my grandmother, painted the gutters, gave a buy option to my brother-in-law, installed indoor plumbing, yada, yada, then made $1000.00 net profit a year later". Yawn. 4) Paints the investor as some sort of white knight who saves defaulters and banks. Then, in almost the same breath, says things like "immeditaely evict the tenant". 5) Does not give you any specific information. Want to know how to navigate a deed room? No dice. The quote on the front of the book, in a very clever way, totally sums up the book: "An excellent overview of the benefits of buying foreclosures". Read that close, especially the "overview" and "benefits". What it DOESN'T say is "An excellent information source for buying foreclosures". Don't waste your money on the book.
5.0 out of 5 stars
Foreclosure is not an easy subject, but this is a keeper...,
By
Ce commentaire est de: Goldmining in Foreclosure Properties, 4th Edition (Paperback)
George Achenbach, has written other real estate books under the names Val Cabot and Lee Crown. He has been a builder of 7,000 houses and a buyer of foreclosed properties. He tells of his sucesses as well as his unsucessful ventures into the foreclosure world. His book has pictures of and descriptions of the various foreclosure cases with which he has been involved. His book is written from the prespective of somebody who actually worked foreclosures for many years. This is not the easiest area of real estate investment to work, but through deligence and perserverance the rewards can be extremely lucrative. There are other books on foreclosure, but I can't think of any that are as good. Over 50,000 copies of this book have been sold and with good reason. There are a lot of PRETENDERS in the foreclosure field with books and course that have high promises and little substance. George Auchenbach is the REAL Deal. He's done foreclosure investing for many years and has written an easy to read layman book on foreclosure. My only criticism is that some aspects are dated. The cases in the book stretch back over the 30+ year career of the author and therefore some of the dollar amounts and the years of the transactions are old. However the principles and lessons learned from the author's experiences are timeless. This is best book on foreclosure that I've read, but I'm still looking for something better, that perfect book. If I could I would have rated it 4.5 stars. I recommend this book to anyone interested in buying foreclosure real estate.
1.0 out of 5 stars
Vague, outdated info,
By A Customer
Ce commentaire est de: Goldmining in Foreclosure Properties, 4th Edition (Paperback)
This book reminds me of the joke "How to Make a Million Dollars and Never Pay Taxes". Step 1: First you get a million dollars.All the info was about that useful.
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