Bus Tour Showcases Homes in Foreclosure

Prospective homebuyers are banking on a bargain.

March 26, 2008 at 6:44 pm - KCBA Monterey
Dateline: Salinas, CA
Robert   March 26th, 2008 - 7:02 pm

Why are those connected to Real Estate always so cheesy and untalented? I guess it is like a car salesman, really.

The same sort of person who would buy a home this way would probably think of getting a job at a “job expo.” Nothing good is ever to be had by being herded around like cattle.

wowee   March 26th, 2008 - 7:30 pm

Cali’s housing market is still way over valued! A national rip off, and traffic and crime are major problems along with crappy schools. And on top of that they just passed a law forbidding 166,000 home school families from the right to use excellent curriculums to teach their children. with out a special certification that even california school teachers don’t need to have.

Jim Fletcher   March 27th, 2008 - 3:39 am

Analysis and legalities can be very tricky. The formula taught at the Association of Certified Real Estate Investors is the following:

Example (foreclosure rehab property only)

Repaired Value: $200,000
(-) purchase closing costs
(-) holding costs
(-) resell costs
(-) marketing costs
(-) realtor fee
(-) hedge
(-) repairs
(-) PROFIT

= Maximum Purchase Price

To get more information about how to find, analyze, write offers, marketing, etc., visit us at http://www.acreiprep.com

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