Investing in pre-foreclosures is not only about the profits but helping out borrowers who are forced to sell their homes and other properties due to job loss, medical bills, a death in a family or another life-changing situation
New York, NY (PRWEB) May 28, 2008
As Arizona's housing crisis deepens, Trump University real estate investment student Kevin Andrews helps homeowners avoid foreclosure and pay their bills by purchasing residential properties in the final stages of foreclosure.
After completing Trump University's Real Estate Investment Course, Andrews heard of a local homeowner in Arizona who was struggling, trying to avoid a foreclosure and also pay off high medical bills. The homeowner was overwhelmed with an outstanding $80,000 mortgage and more than $13,000 in medical bills.
"I knew I could sell the house for at least $30,000 more than the $80,000 he owed, and I wanted to do the right thing," said Andrews, owner of G2G Investments in Lake Havasu, Arizona.
The homeowner accepted Andrews' offer of $95,000, and after the sale was complete, Andrews put a "For Sale by Owner" sign in the front yard. The next day, Andrews received an offer of $115,000.
"Trump University's Real Estate Investment courses taught me how to create a win-win situation by purchasing a home in the final stages of foreclosure," said Andrews. "My wife and I made $20,000 on our very first deal and we helped a struggling homeowner."
"Investing in pre-foreclosures is not only about the profits but helping out borrowers who are forced to sell their homes and other properties due to job loss, medical bills, a death in a family or another life-changing situation," said Josef Katz, Vice President of Marketing for Trump University. "In his first investment, Andrews was more concerned about helping a homeowner who needed to get out of a bad situation. As a result, Andrews helped the homeowner avoid foreclosure, pay his bills, and have some extra funds. Then Andrews sold the property with more than a twenty percent return on investment."
Since his first investment, Andrews has helped three other homeowners with pre-foreclosures by finding buyers for their short sales, and he has invested in four other pre-foreclosed residential and commercial properties.
"Every property we've invested in has been done first with the homeowner's interest in mind," said Andrews. "We want them to be able to get out of a foreclosure and walk away from the sale with some money to pay off bills or have in their pocket. That way they end up with more than if they let their home or property get foreclosed on by the lender."
About Trump University
An exceptional perspective on building success, a hands-on approach, a world-class faculty and Ivy League quality curriculums are what make Trump University unlike any other online education institution in the world. Since 2005, Donald Trump's online university has been teaching its thriving community of members everything from real estate investing, to marketing, entrepreneurship skills, business planning, management, wealth creation and many other subject matters that appeal to aspiring entrepreneurs and business professionals. To learn more visit http://www.trumpuniversity.com
About G2G Investments
G2G Investments invests in foreclosed and REO residential and commercial properties in Northern Arizona. It also provides property management and property maintenance services for Arizona residential and commercial properties. To learn more visit http://www.bigredpost.com
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