The ultimate key to success in the real estate investing business is buying low and selling high. One of the best ways to buy cheap real estate to invest in is to look at foreclosed homes for sale. When a homeowner or a real estate investor fails to make 3 consecutive mortgage payments, the bank or financial institution takes control over the property and attempts to sell it at below market value. While a foreclosure is bad news for the property owner, it constitutes a great opportunity for profit for property buyers. The reason is simple – investing in a foreclosed home provides you with a cheap investment property which you can then rent out at market rates.
Below we have put together an infographic which will walk you through all the main aspects of buying a foreclosure as an investment property. Our What’s Foreclosure & How to Invest in One? real estate infographic shows real estate investors:
- What a foreclosure is
- The unique advantages of investing in foreclosed properties for sale
- The best real estate investment strategies for foreclosures (including traditional and Airbnb rentals, fix and flip, and real estate wholesaling)
- Where to find the best foreclosed properties to invest in (including real estate websites, mortgage lenders, real estate agents, newspapers, and government agencies)
- Financing a foreclosed home
- How to choose the most profitable foreclosure to invest in
This infographic was created by Venngage. Check out Venngage to create timelines, mind maps, and more.
If you have found our What’s Foreclosure & How to Invest in One? infographic useful and got inspired to buy a foreclosed home to invest in as a beginner real estate investor or an experienced one, make sure to read our article What Is a Foreclosure? How Can You Invest in One? This blog will provide more details on each of the aspects of investing in a foreclosure which the infographic highlights and show you how to achieve a high return on investment with this real estate investing strategy.
If you think that a foreclosure is the best investment property type for you because of the high potential for profitability, you can start searching through the thousands of foreclosed homes, short sales, and bank-owned properties across the US housing market available on Mashvisor. For each of them, you will get a custom investment property analysis based on big data and predictive analytics in order to evaluate the investment potential of each foreclosed property.