How to Buy Bank-Owned Properties for Pennies on the Dollar

Part I The Investing Opportunity That Won't ComeAgain in Your Lifetime 1
Chapter 1 The Perfect Nightmare for Bankers--A Dream ComeTrue for Investors 3
Chapter 2 Why REO Investing Saves Time, Hassle, and MoneyCompared with Traditional Preforeclosure and Short Sale Investing15
Chapter 3 How to Overcome Your Fear, Set Goals, and Get Started27
Chapter 4 Overview of the REO Deal 43
Part II REO Deals, Step by Step 51
Chapter 5 Where to Get the Money 53
Chapter 6 How to Research Your Market, Create an Investing Plan,and Develop an Exit Strategy 69
Chapter 7 How to Get Ready for Your First Deal and BuildCredibility 81
Chapter 8 Where to Find the Best REOs in Your Market 99
Chapter 9 The Importance of REO Agents: Finding the Best andGetting Them on Your Side 119
Chapter 10 Buying REO Properties at Auction 129
Chapter 11 The Right Way to Evaluate Deals and Price a Property141
Chapter 12 How to Make an Offer and Negotiate with Banks 159
Chapter 13 Getting the Paperwork Right 175
Chapter 14 How to Avoid the Most Common Mistakes Investors Make189
Part III Exit Strategies 199
Chapter 15 Wholesale Your Property to Another Investor 201
Chapter 16 Fixing Up and Selling the Property at Retail 209
Chapter 17 Buying and Holding: Renting the Property for aPositive Monthly Cash Flow 217
Addendum: Understanding Buying Formulas 225
Glossary 233
About the Author 243
Bonus Offer Just for You! 244
Index 248