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    Selling The Dream
    by Ray Newby


    Have you wondered, with all the talk of foreclosures, if there's a way you could make money in that market? I mean it does make sense doesn't it? You buy a home on the cheap, turn around and sell it for a great profit. Buy low, sell high. And it can all happen within 30 days. The way to riches. And there are so many people loosing their home this could go on for years. Well if you're thinking about how easy and profitable it would be, and maybe it's time for you to start making the big bucks, then listen up.

    There is an amazing amount of people out there trying to tell you how you can make money in the foreclosure market. Big money. Beyond your wildest dreams. And you don't need good credit, or money, or experience, or luck,...all you need is this wonderful program or "boot camp" that will make it all happen. And how could you loose? After all there are the bonuses, the money back guarantee, the mentors, the support...and oh yes, the other course that will even take you to a higher level. Wow. It's very beguiling and is attracting thousands of would be millionaires... and putting millions into the pockets of the "knowledge sellers" And it seems everyone has gotten into the "buy my knowledge" game.

    And all of these purveyors of knowledge have only one motive: to help you become rich and fulfill your dreams. And they, though very busy and rich, only want the best for you. And how could you not believe them. It does make sense doesn't it? Oh...there is that little caveat: for them to pass on to you the golden road to riches it will cost you from several hundreds to several thousands of dollars.

    But think of the money you can make. Fill your mind with the dreams of the good life..see yourself in that new home with that carefree life style...nice...so let's get you started on the road to your financial future...send your check today and start the road to riches tomorrow.

    If you've heard the message so have tens of thousands of others. What does amaze me is that if the guru is making so much money doing these deals in real estate why are they wasting time telling others who will be their competition how to do it.

    Why are they passing on this precious knowledge. They say they feel a moral obligation to let others know how they can reach their dreams. How noble. And it will only cost a few thousand dollars to satisfy that noble purpose. In truth the business of selling "hope" is very profitable. One of the guru once told me he makes several times more in selling the "hope" than he ever made in selling real estate. And I just heard yesterday of one of the big sellers making $3,000,000 in one week of selling "the dream".

    I get a ton of special deals every day from every guru out there trying to help little old me make a million dollars in real estate. I'm blessed. And you've probably seen the same info commercials or been hit with the offer on the web. Have you been tempted?

    Here is the truth of the matter: First there is money to be made. And some people have made it with foreclosures. But you don't need to spend thousands in a course or boot camp. You do need some knowledge and direction and probably a reality check. Look...anything of value takes effort and time. And while there are opportunities, the checks don't magically appear because you bought a course. If there are checks it's because you worked at it and applied some known skills and followed through. Take the rose colored glasses off and get down to hard work and yes, you can make some very good money in real estate.

    As far as foreclosure goes...let's get real on this. There's nothing special about a foreclosure. It's just another piece of property. And whether it's a foreclosure or a short sale or just a purchase...it's all about one of two things...it's value, and it's ability to get you a cash flow or a profit from a resale. The old adage of buying right is critical. And because it's a foreclosure doesn't mean you're buying it right. Lets use an example. Say you see a property and it's worth $400,000. You can buy it for $300,000. Good deal? Well if you're in a market where values are declining how long will it stay a $400,000 property. What happens if it continues going down for the next two years and the market is tight and you can't sell it at any price. Still a good deal? And if you have to sit on it can you ride out the payments ? If you rent it will you have an alligator on your hands? A negative cash flow. Still a good deal?

    So before you buy at any price you have to know exactly what you're going to do with the property. And if you want to rent it till the market improves and then sell it for a profit, you have to be sure you want to be a landlord and be responsible for any and all costs and repairs...and be able to make the monthly mortgage payments even if the renter isn't. That means cash in the bank. Fail at this and the property could become a foreclosure again...yours.

    Does all this mean you cant make money. Not at all. It means you have to move forward with your eyes open and be ready to earn as you learn.

    Want more info? Go to http://www.rateislow.com/ for the special report "Foreclosure Buying Mistakes" It's free and just might be the next best step.

    Ray Newby is a mortgage broker and real estate investor with over 30 years of experience in the industry.

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