Ten Commandments of Bargain Hunting in Home Foreclosures Investing

1. The Golden Rule: You are going to purchase homes but you have to remember that this always "People's Business".
2. You only deal with "Motivated and Don't Wanters" who need and want your help.
3. Always and always insist on complete disclosure. You don't want any blinders!
4. Meet people's needs - not their wants. "How much is it that you NEED..not How much is it that you want…." - Package your deals to make a profit now, without assuming any future appreciation or even additional tax write-offs. - Note vs. cash 
5. Understand your state's and city's local real estate forms; use your real estate professionals.
6. Always use an "Escape or Contigency Clause - "Subject to…".
7. Time is worth more than Gold. - Make your finger do the walking first. Screen by phone first. - Contract is signed, leave! - Setup lots of appointments to resell and rent at the same time.
8. Aim on daily and short term goals.
9. Develop your own specialty or niche - Maximum of two techniques: retail, preforeclosures, auctions, bank foreclosures, government foreclosures…etc.
10. Knowledge + Persistence + Credibility = Success

Home Foreclosures Investing