E.H. Sinclair does a few things in this book that are unexpected: he points out the pitfalls to avoid in R.E.O. (Real Estate Owned by the lenders) investing, and also reveals some of the 'secrets' that the infomercial hucksters brag about in their "Get Rich in Real Estate" spiels.
This book shows you how to work smart instead of working hard and among the 17 chapters are numerous invaluable tips on how to beat the odds agains succeeding in R.E.O. investing, why you should avoid bidding at foreclosure auctions, how to get the best performance out of your real estate broker, how to properly calculate rental property purchases, negotiating with the lenders, negotiating with property owners, finding the properties, investing in second mortgages, using title insurance companies, the 28:36 credit ratio, plus how to obtain foreclosed property after it has already been sold at auction to another person, and much more.
