"This list will quickly get you started learning how to profit buying and selling foreclosures...
Foreclosure Training Option 1 - Teleconference
START WITH THIS - This a perfect way for newcomers to jump in, listen and ask questions to a real foreclosure training GURU.
A 90 minute teleconference by ALEXIS McGEE is perfect for those that need some basic questions answered about what it takes to be successful as a an honest, ethical, PROFITABLE and CONFIDENT foreclosure investor.
The conference is interactive so you can ask questions to someone who has trained thousands of successful foreclosure investors from all walks of life. For $19.00 it's a fantastic value - transcripts are offered so you can review the call and keep the information. Foreclosure Training jumpstart.
Details: This could be the most profitable 90 minutes of your life...
Foreclosure Training Option 2 - Books
BOOKS ARE A GREAT SOURCE OF INFORMATION - the downside is many foreclosure training 'how to' books are drab and filled with too much information and not enough EDUCATION. There is a DIFFERENCE. The true test of a good training book is "
does it motivate you to take action? Any author can churn out the latest foreclosure stats, and generic
"How To's..", however you'll need more because most
raw information is already available for free online - SOMEWHERE.
We like ALEXIS McGEE's informative and highly respected 288 page Book, The Foreclosures.com Guide to Making Huge Profits Investing in Pre-Foreclosures - Without Selling Your Soul because it really EDUCATES the investor, taking a unique and ethical approach to being an effective seller. This book is a must have in this hot foreclosure market, read it first.
Foreclosure Training Option 2 - E Books
E-BOOKS ARE ALSO A GREAT SOURCE OF INFORMATION - many times the authors allow free updates if something is revised. Also linking is possible so connecting the book to relevant online resources is always a possibility.
Most popular foreclosure training E books are affordable - ranging in price from $19.00 to $59.00. Stay away from e-books that make ridiculous claims - get rich quick, overnight success etc. It just doesn't happen like that. Look for a balance of Information and EDUCATION.
You'll need the facts to understand the nuts and bolts of the foreclosure investing process but infinitely more important is how you approach PEOPLE in your sales process, homeowners in particular. Make sure the E-book you pick teachs this.
We like JEFFERY RINGOLD'S motivating E-book
Jeffrey Ringold's Massive Foreclosure Profits, because it really shows the beginner how to get started step by step. Out of all the foreclosure training methods his had ZERO hype, stressed hard work as well as working smart. His insight, if followed to the letter will save you big - you won't make costly mistakes that will destroy deals by saying, doing or timing something incorrectly.
Foreclosure Training Option 3 - CD Training
CD TRAINING - Books and seminars a good first step and some can even get out an start sourcing, structuring and closing deals after going through a good foreclosure book or E-book.
If you want mor indepth training CD home course study is a great choice.
Most CD study courses offer quite a bit more than books or e-books and are structured similar to a college course. Your time frame to digest and complete the material will be a bit longer than most books or e-books. 30-45 days would seem reasonable to go through something like Alexis McGee's
Six Steps to Mastering Foreclosures . This is a thorough foreclosure course, perfect for someone who wants to learn on there own. The course comes with all the neccessary and standard Docs and sample contracts. All information is included, nothing is left out - legal, sales, marketing , personal selling etc...is covered.
It costs $699 so it's meant for serious students only. Good investment? I would say YES - just look at her track record selling or talk to anyone whos been through the program - most report closing 10 -15 profitable deals a year.
Foreclosure Training Option 3 - Live Mentoring / Coaching
ONE-ON-ONE COACHING - This is probably the best and most effective foreclosure training, side by side with a seasoned pro actually taking you step by step through a real foreclosure deal - sourcing, evaluating the property, structuring the terms are all done in real world setting. "The Mastering System Labs" is a three day seminar that does just that. You'll leave with the advantage of knowing you did everything the right way and you need only to 'replicate' your efforts in the real world to make sizeable profits.
Any one-on-one coaching is a hefty investment costing anywhere from $2000-$7000. We would recommend going through a CD course first like Alexis McGee's
Six Steps to Mastering Foreclosures - because you'll learn everything you need. If you decide you want to work one on one after you've done some home study, the transition will be seamless, you'll know what questions to ask. You'll have a solid foundation of knowledge which will help as you actually go through the deal making process under the mentorship of some truly seasoned pros.
This is the fast track to very big earnings. Foreclosure investors that went through the CD course and on to the one-on-one training reported 'cost anxiety', wondering if it was really worth it. Over 90% that completed the training reported profiting significantly in their first year - making 5-8 foreclosure deals, which easily covers the cost of the training.
if you truly work hard and utilize the training, which CUTS NO CORNERS, you are ready! You have an advantage over other foreclosure investors who learn the 'hard way'. This translates to quicker earnings and HIGHER RETURN ON INVESTMENT.