Are you just getting started as a real estate investor and concerned that your dwindling bank account balance might make investing in today’s economy a pipe dream?  If you are, listen up, because bargain properties are everywhere if you just know where to look – and where you live doesn’t matter.

Banks are foreclosing at an astonishing rate and – in the event they can’t work something out with the owner – these properties eventually wind up in the bank’s REO inventory.  When this happens, the situation gets very ugly for the lender, especially if the property needs substantial work to make it livable. 

To combat this, banks are unloading some of these properties for as little as $500.  Places like Indianapolis, Cleveland, Detroit – even Flint, Michigan – have REO properties available for less than 3K.  That’s right: $3K.  There aren’t just a few available.  Hundreds of houses can be had for less than you’d pay for a used car.

So if you’re even considering spreading your wings and seeing just how far you can go as a real estate investor, I strongly encourage you to look into some of these properties.  If you don’t think you have the cash to snap up some of these properties, think again.  Get creative.  Go through your garage or a spare bedroom, gather up things you don’t need or want, and have a yard or garage sale.  If you need to, turn your kids upside down and shake the loose change out of their pockets.  When they complain, give them a little extra computer or TV time and tell them that they’re investing in their inheritance.

With so many bargains available today, buy one or two with cash on hand.  No money for repairs?  Give yourself a short-term loan by financing rehab costs with a credit card.  You can pay yourself back pretty quickly.  You might do a quick fix and flip or take out a home equity loan when you’re done.  

The good news is, with prices this low, your options are wide open.  It doesn’t matter if you live near these properties.  With the advent of the Internet age, you can live anywhere you like and make a small fortune in real estate – and you can do it virtually.  The days of investing only in your local community are over.  The Internet makes every step of the process easy – and profitable.

So get off the couch and get into gear.  If you don’t want to spend the rest of your life looking back and wishing you had taken advantage of the opportunity to guarantee your financial future, act today.  You may not be able to get your hands on a government bailout, but this is actually better.  When bailout cash is gone – it’s gone.  The wealth you can create with a few well-planned and executed real estate investments can pay you back for the rest of your life.

Then you can pay your kids back for the loose change you commandeered.

If you’re not sure about how to invest virtually – or you want to explore some of the other real estate tips and tricks that can take you to astounding financial heights, go to www.REIconferences.com.  The advice is timely, the information is practical, and the resources are more plentiful than foreclosed houses in today’s market.

So what are you waiting for?  Take charge of your future.  You’ll be glad you did.

Blessings!

Charrissa Cawley

www.REIconferences.com

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