Investors and developpers are making money hand over fist.So I got involved.

and involved in some type of investing or anotherhere.

hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or credit and will allow me to actually retail these properties to end-buyers and not just wholesale them for a small profit to other investors, it sort of goes like this.1- locate and market to the people in pre-foreclosure, 2- once they contact me setup an appointment with them, 3- setup a land trust with them ( which they will be the beneficiaries and either me or a disinterested party the trustee)and have them sign a "warranty deed to trustee" doc which i will record at the my local court house, 4- also have them sign over there beneficiary interest to you which you'll store away for protection of problems that might come up in the future 5- start marketing the property as well as working on the short sale with there lender, 6- once i have my end-buyer (and hopefully my short sale is accepted in time) have my title company perform a double closing to pay off the first lender as well as myself, and to give the end-buyer clear title without any seasoning issues coming up (which i was told there has to be two separate HUD's, two separate escrow accts and etc)so my questions are: do i have all the steps down correctly or am i missing something?

I can be bought and will remain loyal until a better price comes along.Once you determine what area of real estate you want to get involved in, you're gonna discover that your college degree interfaces with the real estate industry on a number of different levels.

We are new to this forum also but have been involved in real-estate in one form or anougher for years.

:woohoo: Thanks everyone for the support and feedback, I would just like to see more and more of the sites members get involved with day to day discussions!

In my office we had 4-5 agents making all the money and the rest just kind of hanging on for the ride, lol.A lot of people jump into real estate with no idea what's really involved and when they find out they tend to not do any of those things, resulting in little sales or activity.

More importantly, you want to radiate confidence and the sense of ability to perform.One way of doing this is to dress like a successful person would dress.

I did most of the work myself in hopes of gaining knowledge of the skills/tools/materials involved in remodeling.

The way I figure it, everyone has to make something, it has to be a win/win for all parties involved, including the home owner.