 | Summaries and Customer Reviews are supplied by Amazon.com | Cashing in on Pre-foreclosures and Short Sales shows investors exactly how to take advantage of what many are calling the best upcoming investment real estate market we have experienced in decades! Chip distinguishes the difference between good deals and bad deals, reveals just how easy it is to find, evaluate, and obtain foreclosure properties, tells how to negotiate a profitable transaction, and unveils the power of using short sales and other strategies to create a win-win situation for the investor, the seller, and the bank. Even first-time buyers looking to score a bargain on purchasing their own home will be armed with all the tools they need to confidently evaluate and pursue a profitable deal - and save thousands in the process. Cashing In on Pre-foreclosures and Short Sales incorporates quotes and advice from top industry professionals, as well as a healthy appendix packed with state and national foreclosure guidelines, including valuable contacts and websites, sample forms, checklists, and all the necessary tools you need to find, evaluate, secure and profit from foreclosure properties. |
Average Customer Rating:  Impressive approach - not what I expected Originally when I found this book, I expected the "get rich quick" type of stuff. I was pleasantly surprised.
The author has a lot of practical experience in foreclosure and short sale investing, which come through in the examples, forms and checklists that he uses. The approach with sellers and industry players is straight up and impressive from the standpoint that he never tries to take advantage of the situation - but rather looking to assist people and solve problems. Too many other books I have found go the other route, and try to kick people to the curb.
There is quite a bit of practical material included, and I was also impressed that he made them available via a download from his website. The forms I got were in Microsoft Word format, so I was able to easily modify them for my use. A real bonus there.
If you want some good advice when dealing with these types of properties, without the hype and fluff - then this is a good read. Yes, it does take work - but he has laid out the steps quite well.
Excellent practical guide I was impressed with the amount of "real world" practical information contained in this book. While I have purchased a couple of properties in the past, I had never really investigated the world of REO's and foreclosures. This book made it easy. Well not really easy, as real estate investing takes a lot of research and investigative know-how, but it laid it all out.
This is not a "get rich quick" overnight type of book, but rather one for new every-day investors looking to secure good deals out there. I found the forms and checklists provided by Mr. Cummings to be well prepared, complete and easy to download from his website. I even changed a couple to make them more applicable to my local area. They saved me a LOT of time.
All in all, I was very impressed by this book, and will use it regularly for my real estate deals. Definitely recommended. Solid advice I think that with the economy in crisis, there are more opportunities to profit than ever before. The number of foreclosures in the market is higher than ever before. The author educates readers on the differences between foreclosures, pre-foreclosures, and short sales, and how to use them to profit from them. I really appreciate that the author tells readers the techniques shown in this book take work because other books or infomercials promise riches with little or no work. It's not going to happen. Get realistic. There are risks involved in real estate investing. The best thing a person can do to minimize them is by getting educated on the subject.
In addition the forms, letters, and worksheets alone are worth more than this book. They can be downloaded from the author's website in Microsoft Word format. Some of them include marketing letters to real estate agents, letters to homeowners, foreclosure tracking worksheets, and borrower authorization forms.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market Wish I had found this earlier! I picked this up on a recommendation from an investor friend - and I wasn't disappointed!
The book has lots of practical advice and actual steps for going through the pre-foreclosure process with a homeowner - far BEFORE the lenders and other foreclosure investors get involved. I wish there had been a little more info about the short sale process (from the bank's point of view), but as the author notes - there is no standardized process in most cases.
Compared to many books I've seen, this one cuts right to the chase and lays out the strategies with very little "filler" or "fluff" that you get in many books. The author does a good job presenting examples and actual letters, and I like the option of downloading them as well.
While it won't make you a millionaire overnight, this book is a step in the right direction for me and anyone starting out investing in properties. Just wish I had found it about two years ago when I started! Author delivers on promises I bought this book after browsing it and realizing it wasn't promising the universe. It's a straightforward, practical guide for buying foreclosures and shorts. It doesn't try to fool you into thinking it's easy, but it gives you all the necessary steps (and helpful supplemental materials) to do it.
I really liked the theme that Mr. Cummings weaves throughout the chapters: that in getting your hands a little dirty, you still need to do it with honesty and "forthrightedness". There's an underlying message that there's a right way and a wrong way to doing business, and he teaches the high-road approach. Even the password you need to enter to access the supplemental material emphasizes this theme.
The most impressive aspect of this book was the author's standing by his word. He offers his email address and encourages the reader to contact him with questions. I took him up on that and was a bit surprised to receive a timely, personalized reply, and not a pitch for more products. In fact, he followed up with me to ensure I got what I needed. For my $20, I'd say he more than delivered.
|  |
Select button not working? 
