DEAN GRAZIOSI: DEAN GRAZIOSI REAL ESTATE – REAL ESTATE FEED BY DEAN GRAZIOSI

It was a little over a year ago when I started my own business. I had decided, after careful consideration to go into real estate investing. You see the problem is that many people go into real estate investing without really thinking things through, and without investing the initial time to make things work. I didn’t do this! I did a lot of research, reading, investigating over the Internet. I read different twitter comments etc. Among many of the things I found that came in handy were the seminars, and information I got from Dean Graziosi.

After reading Dean Graziosi´s books I decided to look for foreclosure property. After all I was investing in a time when many other people were facing foreclosure. I had also learned that  foreclosures were caused by many different reasons, and not just because of a lack of funds to pay the mortgage payments, some because of loss of job, others because of a death in the family, a divorce, or illness.

From all my studies I realized that I needed to choose a foreclosure carefully, because most of these properties got into foreclosure for a lack of money or because of negligence, so it was highly likely that the house would need some maintenance attention. After all, if there isn’t money to pay the mortgage then there isn’t money to pay for home repairs.

There are several things I always check for when I am thinking about buying a foreclosure property and especially if you want to profit from that real estate right now, and these are items I learned to check for from Dean Graziosi. Of course, I learned many other things but these are the basics I always tell and write everyone I know to look for. These are such basic items that I continually twitter about it, put it on my wiki, and still people forget.

Check the Physical Condition of the Property

Always…always physically inspect the property. Seeing it through pictures is just not enough. If you don’t see the property you don’t know what you are buying. Its sort of like buying a car, clothes or anything else. If you don’t physically see what you are buying, you are bound to have problems.

Make Sure the Foreclosure is all Legal

Be sure you go through all the legal documents especially if you plan to profit from that real estate right now. You don’t want to get caught in legal complications, so have a professional make sure the documents are in order.

Make Sure You Know the Real Worth of the Property

Just because you are buying a foreclosure doesn’t necessarily mean you are getting a great deal. Before getting to investor happy and trying to make a profit from that real estate right now find out what the real current market value of that property is. Don’t buy a foreclosure that isn’t going to save you a nice amount of money.

These are just a few basic rules I learned from Dean Graziosi and believe me this information has saved me many a time, and put me on the path to becoming a real millionaire.

This entry was posted on Monday, July 6th, 2009 at 1:10 pm and is filed under Dean Graziosi, Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.