Podcast 14: Foreclosure Real Estate Investing

foreclosure investing podcast

by Ronnie Adams

 

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Now is the time to learn about foreclosure real estate investing. Banks have a surplus of foreclosed homes they want to get rid of, because they’re carrying the associated costs every month. Learn the in’s and out’s of the foreclosure market and develop a foreclosure investing strategy that will build your real estate investing portfolio.

 

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{ 10 comments… read them below or add one }

T.Martin June 19, 2010 at 9:08 pm

Talk about how to get Hard Money for your real estate investing. And how to use
no money down strategys . Thanks Ronnie!!

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Sharon D. Davis December 20, 2010 at 2:12 pm

Question for Mr. Ronnie Adams.

Mr.Adams, I would like to get into Real Estate Investment. I am one of those who purchased the Real estate courses, books, etc… You name it, I bought it. My major delimma a 1. poor credit, 2. no money on-hand for down payment 3. I have a VA Granteed Home loan Certificate in which I have been saving since getting out of the military (Army). Which if I qualify I can get up to 470,000 to 500,000. 4. Surrounded by negative people.

Being out of work now for 6 months. The bright side is that I am in Fayetteville, NC, hundreds of thousands of military and Gov. Civilians come in and out of this city and surrounding areas. Not to mention Contractors and their families as well. Great prospects to get involved now with real estate investment! What would you suggest I go?

Thanks,

Sharon D. Davis

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Timothy December 31, 2010 at 12:12 am

This is excellent. Thanks Ronnie for your time.

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Frederick Johnson October 9, 2011 at 10:12 pm

I’ve been listing to thr pod cast for the last 2 days and you guys have answered a lot of thr hidden question I’ve been having but when I do have a question I know where to come until then I will continue to listen to the pod cast until I get started have a good wk. Frederick Johnson.

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Felicia Dooley November 26, 2012 at 8:17 pm

Hi Ronnie, you mention something about tax sale, people that had no mortgage but just did not pay taxes! You said I would foreclose on the home? Isn’t that a great way to start flipping by buying homes with no mortgage and resale the property? Lets say a person is in a foreclosure for $20,000 and I believe the owner of the house is given a certain timeframe to repay you back the taxes you paid with interest and if they default then the home is your? Do I have the jist of it? What would you suggest?

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Ronnie Adams November 30, 2012 at 2:07 pm

Hey Felicia.
Purchasing tax liens is one way of getting a property. It does take some time because you have to by law give the owner time to repay that lien. Here in NJ the time period is 2 years. So your money will be tied up for a bit of time. You must also do your homework with these properties.

When you purchase the tax lien and lets say you foreclose and get the home there may still be other liens on that property that you may be responsible for. You don’t get a clear deed with this type of purchase. And most people who payoff their mortgages usually continue paying the taxes.

Hope I answered your question.

Thanks for your question!

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Sean December 6, 2012 at 5:19 pm

I would like to say thank you to Vance Poindexter and Ronnie Adams for the detailed and informative information they are putting out. Ronnie Adams has answered a lot of questions. My self who is an inspiring real estate investor/entrepreneur looks forward to putting this information to work.

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Sean December 6, 2012 at 5:29 pm

I also have a question for Ronnie Adams regarding acquiring homes from real estate “wholesalers”. You know those investors that put up the bandit signs on every corner saying “We buy houses fast and with cash” and they try to sell the house for a low profit to a landlord or flipper. Have you ever acquired a property through those individuals and how did it work out? Would you recommend it?

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Reignbeau August 25, 2014 at 12:04 am

I think you’ve just captured the answer pelrcetfy

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Portiqo April 24, 2017 at 5:53 am

Amazing podcast Ronnie, it was a treat listening to your strategies and how effectively you implemented them.

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