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  #1  
Old 09-14-2008, 12:40 AM
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Join Date: Mar 2007
Posts: 16

Pre-foreclosure workshop

What is the name of your state (only U.S. law)? WI

I would like to learn and possibly start investing in property.
I have an opportunity to attend a pre-foreclosure and short sale workshop, i have never attended one so am asking for advice from you experts.

The price for this workshop is about 3k for 24 hours.(spread over 3 days)
Supposed to show you where to get the foreclosure listings, how to analyze the properties, Get investors started, provide private investor $$$ to get started and provide one year coaching.


Is this worth it?
Any advice you can give me to get some of this information without dishing out 3k, how did you guys start???What is the name of your state (only U.S. law)?
  #2  
Old 09-14-2008, 09:09 PM
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Join Date: Dec 2005
Location: Ohio
Posts: 31,736
Quote:
Originally Posted by razorxtr View Post
Is this worth it?
Any advice you can give me to get some of this information without dishing out 3k, how did you guys start???What is the name of your state (only U.S. law)?
NO it is not worth it. You can find about foreclosed properties by contacting the local courts and finding out what properties are to be auctioned. That will be $1000 please. Send it to my PM account. Okay?
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  #3  
Old 09-14-2008, 09:47 PM
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Join Date: Feb 2005
Posts: 3,346
The era of no risk flipping is over. Welcome to the real world.

Before you "invest" $3000 in a 3 day workshop, ask yourself the following?

1. Do you have EXTENSIVE construction / remodelling experience?
2. Can you walk into a foreclosed house with mold, broken doors/windows, holes in the walls and a leaky roof and provide a good estimate that day of the repair cost?
3. Are you or do you have access to licensed electricians and plumbers?
4. Do you have money to invest alongside your private investors?

Don't bother with 3K on how to get in on the prime pre-foreclosures. Pre-foreclosures are for when the market was hot and you needed to get in on a property before anyone else heard about it. The market is flooded with ACTUAL foreclosures now. You will have your pick of homes that are selling at a 20-40% discount to last year's prices.
  #4  
Old 09-14-2008, 10:02 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Most of the info is available for free anyway or at a small cost of a book on the subject.
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