In August of 2006, more than 115,000 U.S. properties entered the foreclosure process. Thats 24% increase over July 2006, and a 53% increase in the span of a year. Many experts cite rising federal interest rates as the cause. Now is the time to jumpstart your real estate investing career!You may wonder why a time when more home- and property-owners than ever before are losing their shirts is a good time to get into real estate investing. If you read on, youll see why this grim news is not the harbinger of doom for real estate investors and wannabe-real estate investors that it first appears. There are 3 Valuable Foreclosure Secrets that the truly hardcore real estate investors already know about foreclosures. These secrets are one reason that real estate investors and real estate agents often do not like to work together, as many investors prefer to use the internet to sell and buy properties in order to avoid paying commissions. In fact, there are ways to "wholesale" deals online that enable the buyer, the seller and the middleman all to make money - and people with less-than-perfect credit or only a small amount of real estate investing experience often fill the middleman niche happily and profitably.Foreclosure Secret #1: Every time a house (anywhere) goes into foreclosure, you, personally, have a new opportunity to make money. It doesnt matter where that house is or what financial problems that homeowner is having, you, as a real estate investor, can and should view that property as your personal profit-potential machine.Foreclosure Secret #2: You do not have to find a new homeowner in order to sell a distressed property. In fact, many real estate investors rarely if ever sell their deals to private property owners. Instead, they sell to other investors. And, as weve already discussed, rising foreclosure rates and even rising interest rates do not deter savvy real estate investors.Foreclosure Secret #3: Its not necessary to risk your own credit or personal finances in order to begin taking advantages of the great deals provided by many distressed properties. In fact, in many cases you dont even have to own these problem properties for even one minute. So the rise in foreclosure rates is, in fact, great news for you as a real estate investor because this dramatic rise also indicates the direction of your potential profits.As you can see, the recent and dramatic rise in foreclosures in the United States could be your ticket to a great career in real estate investing. Carole VanSickle is a freelance science and technical writer based in Atlanta, Ga and a member of the Ruthless Internet Marketing Team. To learn more about alternative ways to view up- and down turns in today's economy, visit www.RuthlessInternetMarketing.com.
Category : General Business: Investment
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