7 Big Reasons To Invest In Pre-Foreclosures
Hey! here is another helpful article that i want you share with you. Real Estate investing is a good wealth builder and the transition from working a job to achieving wealth through real estate investing is becoming increasingly well documented. so here are 7 Reasons to invest in pre-foreclosures.
1) When people are in default on their mortgage they have stopped making payments to the bank. So when you are negotiating with the seller, and the bank, right up until the point where you buy, no-one is making the payments. For novice investors worried about holding costs this is a huge advantage.
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The problem that most people have when they try to sell their house is to decide if they will use a realtor or not.The average commission of a real estate agent is 6% of the house price. So if you have a 200k $ house and you sell through a realtor you will pay him $12000.







