The New Era of Property Investment Advice

The nature of property investment advice has changed almost as much as the real estate market itself. For many years the self-proclaimed gurus touted foreclosures as the easiest way to get rich in real estate, and for a long time it seemed like this advice could not miss. You didn’t have to have much real estate investing experience to call yourself a guru and get others to follow your advice. For many years, if you were telling people to buy foreclosures, you were right.

But most of the legitimate property investment advice today is much different. Foreclosures are not as popular for several reasons. For one, there are simply too many of them on the market. Even if you were to get a great deal on one, you might have a hard time flipping it, assuming that is your intent. Even before the crash the foreclosure investing market became difficult to navigate because there were so many investors vying for each available property.

The property investment advice we dole out to our members now leads them in two directions when looking for the next wave of profitable investment property. We tell them to focus on pre foreclosures and wholesale properties. Here’s why.

Pre foreclosures are a great investment because the owners are highly motivated. In most cases, it’s either make a deal, or get foreclosed on and have to move. The are of course homes where the owner is several months behind on payments, and while they’re not yet on the actual bank foreclosure list yet, they will be soon if no action is taken.

Wholesale properties are deals being offered by other investors when they need to get some cash in a hurry. Many times an investor will buy a property only to have it sit while they work on other properties in their portfolio. Sometimes they realize the need to get rid of the properties just sitting around, and that gives you the investor an opportunity to jump in and pick up the property at a great price. This is usually the amount the investor paid in the first place, but if they are really motivated they might even be willing to sell at a loss.

One last piece of property investment advice is that you should join MyHouseDeals.com. We’re a bit biased, but our members would agree that we have the most up-to-date and comprehensive list of pre foreclosures and wholesale properties on the market.

Click below to get set up with a free membership and see why thousands of investors return to MyHouseDealss.com every month. See you inside!