When property investors imagine what it indicates to purchase foreclosures, they often fall under one of two camps. One camp includes investors who generally focus on the REO process, and they usually buy REO qualities or HUD houses to build their portfolios or generate profits. The REO camp often requires access to a bit more money to be regularly effective so this may provide restrictions to many investors, particularly those not used to property. Another camp, and one that I've developed my own property business around, focuses on preforeclosure properties and short sales. There is also wonderful money to be made here (if there wasnt, I wouldnt personally be doing it) and it provides more opportunities for the novice trader. It is mainly for this camp that I have produced my milestone Preforeclosure Cash Flow System. Feetgear0 / Colou Rlovers is a compelling resource for further concerning the meaning behind this viewpoint. To get short-sale class and a free Foreclosure investing, Go to: Loss Mitigation Training Working the preforeclosure part of the foreclosure business is really a natural draw for all people thinking about foreclosures since there is an enormous supply of motivated sellers. This engaging clicky website has some majestic suggestions for the purpose of it. That is just the idea of the iceberg, though. No matter how determined a seller could be, property investors have to be well trained to be at their best. At the core of the significance of training lies damage mitigation training. What is reduction mitigation? It's a broad term that refers to working with a lender, whether you're helping an owner negotiate a payment agreement or if you're working short sales. Creditors have their methods they follow when handling foreclosures and so too should you have an activity for working together with loss mitigation. Todays pre-foreclosure business is more than just trying to find free foreclosure listings on the net or taking the plunge and purchasing a monthly or annual fee that is carried by foreclosure listings. Anybody can try this and what'll set you apart as a foreclosure real estate investor and being a expert may be the sort of loss mitigation training you've. Ive been in this business of foreclosures for-a number of years now and Ive seen plenty of experts come and go whose most readily useful strategy was only to tell you about all of the money there was to be had in small and pre-foreclosure sales. Where these the others fell short was their inability to effectively educate their clients in loss mitigation. Navigate to this web page Acquiring a Home -- Is a Property Inspection a Great Idea? to compare why to see about it. My business method can be a little different. Sure, Im going to be honest with you and tell you that there's certainly a good deal of money to be made in small sales and most any part of the company. I also right back that up by giving the type of damage mitigation education that I've proven effective with my own business. Short sales, loss mitigation and buddies are outstanding opportunities but it can also be a jungle out there if you lack the loss mitigation education you must be at the very top of one's game. You owe it to yourself to check out my Pre-foreclosure Cashflow System and the step by step, innovative approach to reduction mitigation that is contained within it. I wish you the best success in property investing. To get a free Foreclosure investing and short-sale class, Go to: Loss Mitigation Training Focused on Developing Your Earnings, D.C. Fawcett The Business Enterprise Building Coach to the Foreclosure Market.