David Josh has been investing in Real Estate since 1992. He is the owner of Alamo Foreclosure Service in Dallas, Texas. Alamo Foreclosure Service provides foreclosure listings for the Dallas/Ft. Worth area online at www.alamofc.com. For other articles on buying foreclosures go to http://alamofc.com//blog/
It comes as no surprise that foreclosures are at an all time high. There were almost 6,000 properties scheduled for foreclosure in October in the DFW area. That means almost 6,000 potential deals. Short selling maybe necessary to get a deal, but banks are more willing to short sell than ever before. It’s a good time to invest. These days many investors are gun shy about real estate. This means opportunity for investors who want to buy properties cheap.
How do you cash in on these deals? There are several ways to do this. The easiest way is to send a letter to all the owners. A post card has a couple of advantages over a letter. 1st it cost about 1/3 the price of a letter. 2nd you don’t have to worry that your letter will not be opened. Everyone can immediately see what is on the post card. All you have to do is make sure you get their attention. Colored post cards with graphics are a good way to attract attention. You can create an attractive design and ask Office Depot to copy it for you on a colored post card stock. They will even cut it for you for a small charge. The result is a nice looking, but inexpensive post card. Then just print address labels and attach them and send them. Make sure your address labels contain owner addresses rather than property addresses. Many owners may have moved from the foreclosed property and may now be living out of state or far away from the property. For more information on this subject please visit the Foreclosure Investment Weblog at http://alamofc.com/blog
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