For those of you that have not seen the statistics yet, or that have not been following the news lately, foreclosures are at their highest accumulation in history. The reasons are numerous, and the results have been devastating "to say the least"!
Right now, at this very moment in time, even in the midst of this recession, investors are making tremendous profits with foreclosures. Why, and how are they doing this you ask? It's simple the opportunity has For those of you that have not seen the statistics yet, or that have not been following the news lately, foreclosures are at their highest accumulation in history. The reasons are numerous, and the results have been devastating "to say the least"! Right now, at this very moment in time, even in the midst of this recession, investors are making tremendous profits with foreclosures. Why, and how are they doing this you ask?
It's simple - the opportunity has presented itself, and they have ceased the moment. However, with all of the hype about how property values have decreased and the mortgage companies not extending credit, why would I even consider this as an opportunity? The answer to this question is easy. "Hard Money Lenders", they loan on future equity, not what the house or property is worth. They can close on a property in as little as two weeks. You can avoid most of the red tape involved that a conventional lender would put you through, and if you have a home that needs to be repaired prior to sale, they will provide that as well.
Hard money lenders usually do not require a 20% down payment like a conventional lender would require, and last but certainly not least, they will give you money if you have bad credit, no pay stubs to verify income and no tax returns.
Let's face it--all of us that have attempted to venture out on our own, have run into pittfalls, such as something blemishing our credit report or a tax issue that all of the conventional lenders will make you pay dearly for. So these Hard Money Lenders are a second chance for the everyday normal person like you and I, to make some real money in the real estate market, and not have to be a Donald Trump to profit. This is just a piece of the pie that is available in "Got a Grand, Get a House"! It is absolutely the most comprehensive and Bang for the Buck tool on the market right now. Let me say this, even if you are a first time home buyer or an experienced broker, the information provided is priceless when purchasing real estate.
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