“Most of the biggest real estate fortunes were not made in good times, but in bad times like this” Barbara Corcoran reminds us in this talk with NBC.
It’s important perspective for Americans wondering how to invest in foreclosed properties without losing their cash or their credit rating.
In the 4-minute interview, Corcoran quips on the basics and the essentials of foreclosure investing,
- “Everyone who loses their shirt loses it somewhere else.”
- “Every big shark started small.”
- “The house on the corner sets the tone for the block.”
She also lends some personal perspective to rent rolls, the cost of losing a tenant, and finding a good business partner.
Banks are anxious to sell their foreclosed homes and that makes this an ideal time for shrewd real estate investors. If you’re new to the game, watch the video and take good notes. For more infomration on bank owned properties, visit our company web site at www.c21ag.com where you can search for foreclosed properties. Century 21 Advantage Gold has been representing lenders in the sale of their properties for 21 years, and our agents can answer many of the questions you have that may not be answered here.