REI Wealth Monthly Issue 10 | Page 54

NICHES THAT BRING YOU RICHES – PRE-NOTICE OF DEFAULT TAMERA ARAGON Pre-Notice of Default (Pre-NOD) What’s the easiest and simplest way to find real estate deals? Be the first to talk to the person who needs the help you provide! You can get a jumpstart on your competition by getting connected to the people who need you the most. Those that are heading toward foreclosure by showing 30/60/90 day late on mortgages, but not yet in default are referred to as Pre-Notice of Default. I have found that most successful investors become experts in one or two niches. Why is this a good niche to consider? o Did you know there were over 1 million foreclosures in 2011 and 767,000 foreclosures in 2012. Imagine how many deals you could have done if only you knew about these people needing your help before it was too late. o So doesn’t it make sense to get a huge advantage over your competition by getting the leads of people who need your services before anyone else does? Of course it does. Best kept secrets about Pre-NOD leads: o More than 3% of these homeowners are not livin g in their house. That’s right - - VACANT HOUSES o You get 60 to 150 days more time to work with a homeowner than when you use a run of the mill NOD list. o You have more time to research every facet of these deals.