Ask Paul Wells

Paul,

I have been to several bootcamps that focused on other areas of real estate investing. Foreclosures were touched on only briefly because the speakers felt it was a very frustrating area to pursue with many ways for the homeowner in trouble to stop or interrupt the foreclosure process. They felt it was a lot of time spent and not necessarily a lot of return. Your experience has obviously been very different. What can we really expect in pursuing this area and what is the best way to get started?

I think that it's plausable to assume that if the speaker that you are referring to is teaching, and more importantly selling, information and training on other subjects it is same to assume they might portray FORECLOSURES as a difficult way to invest in real estate. But the reality is that any of the disaplines of creative real estate are achievable with some focus. I don't know of another area of real estate where the profits are as quicly realized as the foreclosure market. What you can expect is like any business a learning curve. What I see is many people want to do this in 1-2 months and enjoy profits of 15-25k per month right away. What business do you know where you can start earning 5 figure incomes in 1-2 months? Very few. It takes alot of offers to get a great feel for this business. I would reccomend you come to my 3 day bootcmp in May. It is fairly priced and not a sell a thon. This is the best way to learn quickly about Foreclosures and how to invest in the foreclosure market. I've done a ton of deals and that experience will only help you get to where you want to go more quickly.