(EMAILWIRE.COM, March 23, 2008 ) Detroit, MI--The “Pre-foreclosure Guru,” also known as Jeff Kaller has been profiting from real estate investment since 2002. He will be one of 12 speakers at an internet marketing convention next weekend, in Romulus, MI
Initially, Jeff was struggling to make money, as many investors do, because he was buying properties for rental income. The rental income was not enough to cover his costs and often was only enough to continue operation. This led him to his search for a more profitable method of investing, which meant buying property at wholesale.
There are two ways most investors find low cost housing. The most common of them is to buy run down, dilapidated property i.e. “fixer uppers”. However, the cost of repair on these homes may eliminate any chance of profit making. Most abandoned homes have past due taxes, water bills or other liens that the investor would have to pay which can be quite expensive.
The other option, which Jeff realized was more promising, is pre-foreclosure investing. This entails finding homes that are about to be foreclosed and negotiating with banks to purchase the mortgage at a cost below value. This is a winning situation for everyone involved. The homeowner walks away debt free without a foreclosure on their credit report, the bank is able to collect money from the mortgage rather than have the property sit vacant.
Most of all, the investors gets a property which is ready to be sold or rented, for a wholesale price. These homes often have equity which means an instant profit for the investor.

The meeting will be at the Crowne Plaza Hotel, Detroit-Metro Airport, at 8000 Merriman Road; Romulus, MI 48174, from March 28 – March 30, 2008. Go to http://www.internetmarketingeasy.com/ for more details and registration information. Hurry and register now; seating is limited. Call Mark at 248-939-6232, or Urvi at 248-762-0800 for information.

National Real Estate Network, LLC is an Investing Club for Real Estate Investors, aka: Landlord Group, Real Estate Association, REIA, Investors Network, and School, offering Courses, Training and Mentoring Programs. They service Oakland, Wayne, Macomb, Livingston and Wayne Counties.

Contact Mark Maupin 248-939-6232
Maupin.mark@gmail.com
http://www.megaeveningevent.com

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Mark Maupin
Tel: 248-939-6323
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