Monday, September 08, 2008

Well I said I'd I would discuss John Schaub's new book, Building Wealth Buying Foreclosures.

John's book is like his seminars; complete with lots of great ideas on how to do it. I read it once quickly & now I'm going back through it to highlighting passages... and it's going to take a long time because there are so many.

Here are some so far (many are things I already know and repetition & reminders help):

- It shows you other ways to solve foreclosure problems rather than by writing a check.

- Not every foreclosure is an opportunity for you, in fact, most aren't something you want to pursue.

- It's better to buy an isolated foreclosure on a primarily homeowner occupied street rather than on a street with lots of foreclosures.

- How to deal with a deal-killing attorney.

- Write down your offer on paper & then explain to the sellers that what is most important to them:
1) How you'll deal with their loans
2) How much money they'll get
3) When they will get it
4) When they have to move
5) What they have to do when they move

- Top ten sources of preforeclosures

- The riskiest & safest & most profitable times to buy foreclosures

- 16 ways lenders can help you buy a house

- 9 things that make lenders nervous

- 6 things lenders can do to help you if you're in trouble now

and many, many more.

I wish you... Intelligent Investing!!!