Can i make money with foreclosure properties in Miami Florida.?
Question:
Answer:
You must have a good chunk of capital to venture into this business..
Many people get into trouble because of this, you buy a property, make the repairs and put it up for sale.You need capital for repairs, you need capital to carry you through the months you don't sell it, you still have to pay the mortgage and utility bills, this is called your carrying costs.This is where many people get in trouble, they don't anticipate this...
In Miami, properties are astronomical so you must have capital to ever attempt this business..Find an investor to partner up with, you do the work, repairs, locate the homes etc. and he can put up the money...You split the profits, keep in mind, its not an easy business...If you do your due diligence, you can make a lot of money.Hope this helps...
Probably not. I'm sure you could lose a lot though!
This is a long shot. Did you just hear some one mention it?
People who want to delve into this sort of venture usually have
an ample money supply. And they have ample experience. With
the Real Estate market taking a nose dive I'm sorry it's for the strong at heart only!
Buy when everyone else is selling, that's when you can get the best deals. Refinance your car or home and get started.
Oh please, I have been in the real estate business for 25 years. I like to shoot all those guys who goes around selling how to get rich quick in real estate seminars. If it is so easy, why run all over the country selling seminars? They are all scams. Banks do not give away money just because some dead beat defaulted on their loan.
Te envie un email con la informacion que me pediste sobre invertir en propiedades en el sur de la Florida.
Espero que te agrade el concepto y podamos hacer negocios.
try one of the western states such as california, nevada or arizona even texas. thats where the money is if you need any help looking send me a message banconeroman2@yahoo.com
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