How to Buy Bank-Owned Properties for Pennies on the Dollar: A Guide to Reo Investing in Today's Market (Hardcover)

Part I The Investing Opportunity That Won’t Come Again in Your Lifetime 1

Chapter 1 The Perfect Nightmare for Bankers—A Dream Come True for Investors 3

Chapter 2 Why REO Investing Saves Time, Hassle, and Money Compared with Traditional Preforeclosure and Short Sale Investing 15

Chapter 3 How to Overcome Your Fear, Set Goals, and Get Started 27

Chapter 4 Overview of the REO Deal 43

Part II REO Deals, Step by Step 51

Chapter 5 Where to Get the Money 53

Chapter 6 How to Research Your Market, Create an Investing Plan, and Develop an Exit Strategy 69

Chapter 7 How to Get Ready for Your First Deal and Build Credibility 81

Chapter 8 Where to Find the Best REOs in Your Market 99

Chapter 9 The Importance of REO Agents: Finding the Best and Getting Them on Your Side 119

Chapter 10 Buying REO Properties at Auction 129

Chapter 11 The Right Way to Evaluate Deals and Price a Property 141

Chapter 12 How to Make an Offer and Negotiate with Banks 159

Chapter 13 Getting the Paperwork Right 175

Chapter 14 How to Avoid the Most Common Mistakes Investors Make 189

Part III Exit Strategies 199

Chapter 15 Wholesale Your Property to Another Investor 201

Chapter 16 Fixing Up and Selling the Property at Retail 209

Chapter 17 Buying and Holding: Renting the Property for a Positive Monthly Cash Flow 217

Addendum: Understanding Buying Formulas 225

Glossary 233

About the Author 243

Bonus Offer Just for You! 244

Index 248