Property Investment offers Money Making Opportunities in Foreclosed Homes

Expert Mentor and Pre-foreclosure Specialist, Jeff Kaller, explains how to take advantage of today’s Real Estate Market

(EMAILWIRE.COM, May 01, 2008 ) Asheville, NC – The number of vacant homes with ‘for sale’ signs posted in the front lawn has grown by the millions all across the country. Pre-foreclosure expert and real estate entrepreneur, Jeff Kaller, explains that this is the result of rising interest rates of adjustable rate mortgages and the increase in property tax rates.

In many cases these rates have doubled and even tripled, making it impossible for homeowners to afford the payments. Although unfortunate for the millions of displaced homeowners, this situation has caused a profitable opportunity for investors. As interest rates rise, more and more homeowners are falling into foreclosure situations.

This floods the market with affordable homes for sale which is causing the cost of real estate to drop below its actual value. As an alternative, both homeowners and lenders would rather sell the property at a discount price than allow a foreclosure. This sort of climate is causing investment opportunities to pop up all across the nation. However, investors must do their homework before purchasing property and should already have an exit strategy planned.

As an industry expert who earned his reputation and success with his ability to capitalize on pre-foreclosures, Mr. Kaller knows an opportunity when he sees one. He advises professional investors to seek out specific niches, such as low-income housing or condominiums. Less-seasoned investors should stick with single-family homes in lower-middle- to middle-class neighborhoods, where resale likely will be easier. He goes on to explain that one of the biggest advantages of purchasing pre-foreclosed property is gaining “Instant Equity”.

Many properties have equity available due to a purchase price below market value or ‘short sale’ on the part of the bank. Second, new construction is standard for many foreclosure properties due being one to two years old with builder warranties still in place. For investors, the property is ready to rent, such as pre-foreclosures; the sellers are often interested in renting the home as a tenant. This gives them time to repair credit and perhaps re-purchase the home in the future.

To learn more go to http://www.freeshortsalecourse.com/

Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.jeffsworkshop.com/