House Flipping is Still in Full Swing Companies Like Vestus Can Help You Get In On the ActionVestus

Post on: 16 Март, 2015 No Comment

During the big real estate boom of the early 2000s, real estate investors and rehabbers were making a killing flipping homes – until the real estate bubble burst and the general consensus became that the risk was no longer worth the reward. But, that mentality is primarily based on myth, not fact, as there continue to be extended opportunities for flipping homes and acquiring income property through the foreclosure auction process.

Those interested in foreclosure auctions have likely already heard about them, but have eliminated the possibility due to the need for significant liquid capital. Since foreclosures must be purchased at auction for cash, this discourages many potential buyers from bidding, because they don’t have that kind of money lying around. What buyers don’t know, however, is that you don’t actually need your own cash, but that there are investors willing and able to provide the necessary funding for your next property acquisition.

So, where do you find the money? Vestus is one of the premier resources for those seeking to buy – and profit – from the purchase of foreclosure homes. Whether you need a bridge loan, or simply need a means of purchasing at an auction without having to bring all your cash to the sale location, Vestus can both educate and facilitate any needed assistance when it comes to the foreclosure auction niche. One of the companies that Vestus connects you with for funding is called Eastside Funding.

Aside from the actual cash provided, the education, tools and resources Vestus provides are essential must-haves for new clients. From title reports to renovation estimates, they provide a complete analysis of properties to help you determine which one are worth buying, and which ones are worth blowing off. They will even bid at the auction for their clients if necessary, and help them find reasonably priced contractors to fix up the properties in a timely manner.

While venturing into a new area of real estate might seem a bit overwhelming, Vestus is there to help you master it like a pro. They teach their clients all they need to know about non judicial foreclosures, and how buying properties at the auctions can help them make significant profits in relatively little time. In fact their investor classes go into great detail, going over such topics as: Deed positions, what Title information contains, CMAs, net profit worksheets, how to determine value, the differences between Judicial and Non-Judicial foreclosures, and strategies for fixing up your flip. You will also learn the differences between what short sales and preforeclosures are, compared to actual foreclosed properties and” REOs.” Most importantly, they go over one of the most crucial areas of the foreclosure cycle that many new buyers often overlook: exit and tax strategies. After all, the name of the game is to minimize your risk on every property, as well as pay as little taxes on your profit as possible. Professionals are all well-versed in these terminology and cycling tactics, and Vestus will make sure that their new clients are, too.

There is a lot to learn about cycling properties through the purchase, re-hab, and sale process – but you shouldn’t let that stop you. Once you learn it, it is basically a rinse and repeat cycle that can establish consistent and considerable profit that can bolster your financial security for a lifetime. Let Vestus help you with your first, or next, foreclosure auction purchase, and see how quickly you will become a pro just like the rest of them.

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