Can you make money from foreclosures? This guy thinks you can.

[almu]

I've stumbled across a simple little formula that claims to build massive wealth through real estate foreclosures. It claim's, if used properly, consistently and with a work ethic, to work well and quite quickly.
Can this be true? I'm skeptical but tempted as the testimonials seem for real.
I'm desperate to make it in foreclosures as I know of two guys who have, and who started off with nothing. I would therefore appreciate any experienced member appraising this site for me to see whether it would be worth going for. The link is:
Spam link removed in place of the pic of a "horses ass"


Jeffrey Ringold - CEO of Massive SPAM

Please reply with your comments. If only wishes were horses!!

[chachi]

You mean a horse's ass like you? Wait until daddy gets home.

[ResaleBroker]

What a rough crowd.

[chachi]

lol, I was a bit tired last night. Once I saw the second spam post I let out some frustration. Then I felt a whole lot better.

[ResaleBroker]

I hear ya!

[kyle422]

I never thought about buying foreclosures. What a progressive concept. Tell me more. I'm fascinated. Also, about the horses, I wish they were ponies.

[cybergold]

Sure you can make money buying foreclosures because I have myself. But it's a pain in the butt and and a whole lot of hard work. If I could just find that person to pay me while they owner finance a property like the commercials say I could buy myself a pony. Ohhhh...A pony

This is my first post but I couldn't help responding to the stupid spammer.

[kilo323]

I have to jump in as well. I am an investor. I like to buy beat up houses cheap, fix them up, and sell them at retail. I have begun investing in foreclosures as well - mainly because I was contacted so many times by homeowners who really needed help - and too many "guru" educated people were filling their heads with empty promises.

So, I started working on my short sale tactics. Let me tell you - you can buy a home in foreclosure at a steep discount - but be prepared to work - and work - and work. It is a long road and not for the entry level investor. And that is for conventional mortgages. Now, look at FHA insured loans. You can still make it a success, but there are formulas to follow to ensure HUD will actually allow the foreclosure. A night looking at some assholes course will not prepare you for it!

Yes there is money to be made there - a lot, but let me quote someone by saying - "you get old fast, and investing in foreclosures speeds up the process".

I just had to jump in here. I am so sick of people trying to sell their "get rich quick" schemes.

[sailbadthesinner]

I work for a company that buys at the foreclosure auctions in LA, after 10 years of doing it we turned over 40m in properties last year. this year its a very tough market but still going strong. I do my part for them from France and am just starting to investigate the auctions here. The laws haven't changed since Luois XIV but people are making money at it. I don't profess to be a GURU but I know alot about buying foreclosures. It is simple . Simply hard work. If you need any pointers or you want to invest in France drop me a line
Richard at tdcproperties. com

[kevinlewis]

Hi
You are not clear with your thoughts, will you give more information. So I can help you out in this matter.