How You Could Make a Living Flipping Foreclosures

It is no secret that a lot of people are making a living out of foreclosures investment. The wealthy have been doing this for years and banks are very active in this market, but you can’t really blame them, could you?

This is all possible – thanks to an amazing loophole that I am going to reveal. To make sure that this method could be easily use by anyone, even complete investment newbies, I have trained my brother-in-law who hate his boss so much with the exact techniques. In less then 8 months, he could afford to quit his job as an IT manager to be a full-time foreclosure investor.

So what this “foreclosure” business really means and how can you make a killing in this market?

We all heard that more and more millionaires made their money in real estate than any other way. What most people DON’T know is that the rules of the game have changed. Just a few years ago, players in this marketing would just buy a foreclosed home with a small down payment and then rent it out.The rent itself would then used to pay off the mortgage. And before the mortgage could be paid off, the rent money would have built equity in the house so much so that you could use that equity to borrow money from the bank. You can then use the money that you have borrowed to buy another house, rent it, and then start the whole cycle all over again. Eventually you will have a lot of houses and its not easy to see how you could get rich fast by just making sure that the cycle continues smoothly.

There are still people making money this way including real estate gurus who teaches the same thing in their expensive courses. But wait, in my opinion, this is not the best way to earn money from foreclosure. As more people are doing this, the method is getting saturated not to mention the increased competition making it tougher for newcomers to enter the market.

The good news is that, there is now a NEW way to make money in foreclosures, Thanks to an amazing banking loophole that we could exploit fully.

First, you do NOT need a lot of money to get started. You can now buy, sell and profit from foreclosed homes using as little as $500 down (or even less).

So what this method is all about? well, What most people don’t know is that, when a homeowner fails to pay property taxes, the country will place a lien on the property for the back taxes due. – The Law requires ALL homeowners in USA to pay property taxes. As a result, if the homeowner is still not able to meet the county’s tax bill, the county is forced to lien the property for whatever he/she owes in back taxes. So if the homeowner still could not pay up, the county will sell the property at foreclosure auctions to recover due taxes ( including interest ). Usually, the property will be sold to the highest bidder for a price far lower then the actual market value of the house.

Its no secret that one could easily profit from the tons of loopholes “presented” by government foreclosure policies. That said, these auctions could still be extremely competitive and its absolutely essential to learn how to perform the major steps of profiting from government foreclosure auctions.

How You Could Make a Living Flipping Foreclosures