Top 10 Foreclosure Markets

May 19

Top 10 Foreclosure Markets

Creative Real Estate Investing Add comments

Email I received from David Finkel:

Dear Friend,

I got an email from Aaron Van Trojan of Geneva Mortgage yesterday that listed out the top 10 foreclosure markets in the U.S. and thought that not only would I share the list, but that I’d give you some bulleted ideas on how to capitalize on the current foreclosure market.

In my opinion, there is a GREAT buying opportunity right now on foreclosures in many areas of the country.

Before I share the top 10 list of foreclosures I wanted to again remind you to join me and residential and foreclosure expert Marko Rubel tomorrow night at 6pm Pacific/9pm Eastern for a FREE one-time-only online workshop called, “How to Build a Level Three Real Estate Business that Generates $25,000 per month!”

Marko is one of the most successful residential real estate and foreclosure investors in the country.

10 years ago Marko attended an investment workshop I was giving in San Diego. Over the past decade he has gone on to surpass all of my results investing in foreclosures and residential real estate.

Marko’s built a massively successful, finely tuned, Level Three residential investing business that generates tens of thousands of dollars of monthly cash flow–and he will show you exactly how you can do the same thing.

We’ll start promptly at:

· 6pm Pacific
· 7pm Mountain
· 8pm Central
· 9pm Eastern

When you participate in this 90-minute online training you’ll learn:

· Why being in this business is formulaic and the exact formula you can use to replicate Marko’s success!

· How to dominate the foreclosure market in your area with cutting-edge marketing!

· How to systematize your direct mail and streamline your skip-tracing to get deals NO ONE ELSE KNOWS ABOUT!

· How to find ‘truly’ motivated sellers consistently with just 1-click!

· How to fax 100+ offers to motivated sellers without owning a fax machine! Just 1-click!

· How to analyze deals with laser precision & create tremendous profits!

This is your chance to learn from someone who is doing lots of deals in today’s market.

—->> Register Now!

Top 10 Foreclosure Markets (in terms of NUMBER of foreclosed homes):

1. Las Vegas, Nevada: 1 in 22 homes
2. Merced, California 1 in 24 homes
3. Fort Myers, Florida 1 in 26 homes
4. Stockton, California 1 in 27 homes
5. Ontario, California 1 in 28 homes
6. Modesto, California 1 in 29 homes
7. Bakersfield, California 1 in 37 homes
8. Vallejo, California 1 in 37 homes
9. Phoenix, Arizona 1 in 40 homes
10. Port St. Lucie, Florida 1 in 46 homes

The above list shows the cities in the U.S. with the highest rates of foreclosures right now.

Here are some of my thoughts on tapping into the opportunity to invest in foreclosures:

· The market drop has made it possible to invest WITH CASHFLOW in some parts of the country that a) will enjoy high rates of appreciation over the long term and b) have strong rental markets.

For example in California rental values have been so low that to invest in a single family house was very difficult to ever make the house cash flow. With interest rates and property values where they are, this is not the case for many deals now.

I do NOT like investing for appreciation if it means that I have negative cash flow, BUT if I’m buying at close to bottom (+/- a little bit) AND I can have a positive cash flow from start, now you’ve got my attention.

· If I’m buying to immediately resell, my buying criteria must be tighter. No longer will I buy for 75% of as is value… I want 60% of value or less for a cash deal that I plan to resell.

· I still like buying subject to in today’s market for those home owners that have decent mortgages, but just don’t have much equity and need to get out fast. The deal must cash flow (see above) but paying a seller $5-10k for his equity and taking title subject to the existing financing is a great way to go still.

· I don’t want to compete with other investors… that means finding deals that no one else knows about and that means marketing. (Before you tell me that is hard, you need to join Marko and I tomorrow night and he’ll show you several ways to find out about deals that no one else knows about, including using “skip tracing” to find owners of abandoned houses. Please make sure you register and join Marko and I tomorrow night!)

· If you’re not a great negotiator consider using multiple offers on multiple properties to use competition to help you find great deals. (e.g. fax multiple offers out… or via agents…)

· You’ve got 36 months or so of GREAT buying opportunity and then for many areas of the country the window will narrow. Hence why I think now is a great time to buy IF you buy right.

I hope these thoughts and the top ten list are helpful to spark ideas of your own.

Again, I hope you join Marko and I tomorrow. He’s doing a ton of single family house deals in today’s market and the strategies he’s going to share have made him over $1,000,000.00 in PROFITS in a single year.

If you implement ONLY part of what you’ll learn, your life will change, that’s guaranteed!

The training is free, but the value you’ll gain is priceless.

—->> Register Now!

Have a great week everybody!

David Finkel

P.S. We are trying to accommodate a greater than normal demand, but please be aware that space is limited. (Currently the system maxes out at 500 “spaces”.) There’s no guarantee there will be a free space for you on the training unless you reserve your space immediately. So register now!

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