Foreclosure Auctions have Potential to Turn to Cash
Every Month Courthouse Auctions Have More and More Properties for Investors to Turn Profits On
[USPRwire, Thu Oct 29 2009] Get Real, The Real Estate Investing Show for the Rest of Us, this week interviewed Tanya Marchiol of Team Investments. Tanya has been investing in real estate for 11 years. Recently she has returned to the foreclosure auction seen to purchase properties for her portfolio and that of many of her investor clients.
Due to the continued increase of foreclosure auctions it has become a great place for real estate investors to find deals on properties if they know what to look for. Tanya shared many helpful tips on what real estate investors should think about when heading to the sheriff’s sale. Including...
• How to line up financing before the auction
• How to find auctions and the homes being sold
• How to do your due diligence before the auction
• The “secret sauce” building team members that are pro’s at auctions
• How to get the deal closed so you can get started working on turning it to cash!!
Ms. Marchiol stressed that new real estate investors need to have a team of experienced advisors to assist in navigating the maze of the foreclosure auction to ensure they are purchasing the right property for their portfolio at the right price. “We create profit in our properties even though we don’t turn it into cash until we sell.” Tanya explained. Buying the proper property at the auction can set investors up for success in a market where the deals are increasing on a daily basis.
To learn more about buying at foreclosure auctions visit http://bit.ly/1bEBPd