I searched though the forums but couldn't find specific answers to my thoughts/questions.
Ok, say you find a foreclosure. Lets say u get it for a good deal... Now you own this property. How do you make money on it in a market like this??
Basically, I heard Dean on TV the other night talking about how this market we are in is unprecedented and there is this small amount of time to take advantage of the real estate situation. I understand that as an investor this is a good time to scoop up property for cheap. I also understand that one can buy and then rent out. However, I am referring to actually making money off of the foreclosures now/regularly.
I can acquire foreclosures. Deans foreclosure alert site is awesome and there are TONS in my area. But how do I generate income off foreclosures (or even real estate in general) during a market when no-one is buying??
I apologize if there is already a topic on this... but I am super motivated and am willing to put in some real work, but how is income generated during this market??
Any help and/or guidance would be greatly appreciated.