Chapter 3
Considering Foreclosures, REOs, Probate Sales, and More
IN THIS CHAPTER
Mastering foreclosures and REOs
Considering short sales
Utilizing lease options
Understanding probate sales and auctions
Many real estate investors actually start their real estate portfolio conventionally by buying a home for their own use for a number of years and then purchasing a new home and renting out their first home. Other folks have found that the best way to quickly become a real estate investor is to purchase income-producing properties in a more unconventional manner.
In this chapter, we examine some of the most common of these methods of acquiring real estate investment properties or participating in the real estate market, and we tell you what we think about whether you should pursue these options. We start off with foreclosures, REOs (foreclosed upon real estate that a lender owns), and lease options. We also cover some other, even more unusual ways to acquire real estate at below-market prices, such as probate sales and auctions. And besides real estate investment trusts (REITs are ...
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