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They have already been contacted by a dozen before you. I do like this book because it has a lot of scripts and sample contracts and he tells the honest truth about things. This is an excellent book for beginners and advance. It lays out clearly all the pros and cons of buying pre-foreclosed properties. [...]
The book lacks details and contains too much cursory, trivial and anecdotal information. He talks about due diligence and that one should research the public records to get information from 50 different places. Thanks again Tom for a well-constructed publication! This book is absolutely great for any investor, but it is perfect for anyone interested specifically in foreclosures. [...]
But if you’re not American, beware! With transportation, that’s over $40 wasted. However, bottom line is you have to work, have quite a bit of staying power and be a fairly industrious person to make it. I am now a full time investor and doing well, but now know how much MORE there is to learn. [...]
He makes no secret that this requires tremendous time and effort on the investor’s part. But for those who are willing to do the work, this book offers a comprehensive guide to each step of the process, from identifying distressed properties and negotiating their purchase, to selling the property for a profit. He even goes into what you should say. If you’re interested in real estate or just want to see how a real how-to book is written – read this book! Buy at your own risk. I purchased this book some 6-8 months ago and I have used it and the resources provided by Thomas on a daily basis. Tom Lucier is the real deal with his no nonsense, meticulous attention to detail. It’s as if he’s there holding your hand through the process. [...]
Some buyers and investors are unaware that they can acquire property at incredibly very low prices. The usual way of buying a home is through real estate agents who earn their living through earning commissions and whose primary interest understandably is to get the best price for their clients as a way of earning more. However, buying properties from a foreclosures list means getting the chance to win incredible homes for way below market prices. The foreclosures list details the homes repossessed and owned by banks and mortgage lenders from their delinquent clients. After a default, the lender involved will need to find some way to settle the debt owed. [...]
As a relatively new real estate investor, I am trying to learn from the successes and mistakes of others. I also want a competitive advantage. [...]
If you are not willing to “WORK” then this is not for you. If you are willing to “WORK” and do what Thomas J Lucier says and stick to it than this book is for you. [...]
I’ll be going to my first foreclosure appointment tomorrow evening. I’ll go over the book again and plan on using all of the forms and checklists (the book is full of forms). I’ve been reading and reading, and it is your book that has given me the grounding and details I have needed to feel confident to MOVE forward. This book has some very helpful tips that I have not thought of before. [...]
He gives a lot of useful information on mortgage companies and how to handle yourself when negotiating with them. Also, Lucier provides links to many internet sites that can help an aspiring investor get started in the business. [...]
However, bottom line is you have to work, have quite a bit of staying power and be a fairly industrious person to make it. I am now a full time investor and doing well, but now know how much MORE there is to learn. [...]
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