Re: Can you make money from foreclosures? This guy thinks you can.
You can make money from foreclosures. I've done it and so have lots of other folks. Yes, it does require some commitment in time and energy. Yes, you do have to know what you're doing.
It can be tougher in a recession market, so you have to allow for some extra profit margin when doing deals. You also need to adjust your marketing strategy to fit the market. Regardless of whose system you purchase for investing, make sure you understand the 3 phases of foreclosure: preforeclosure, auction, and post-foreclosure, and how to profit during each phase.
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