Now people who invest in real estate whether it’s flipping, buying and holding, buying and renting, or wholesaling real estate know that these all are excellent strategies. The problem is most people don’t know how to get started and don’t know what to look for. When it comes to being an investor you must know specific things about the house in order to use it to your advantage.
Flipping real estate is when you buy a house for a low-end price usually through negotiating. Then you take that house and fix the problems which causes you to pour your own money into it. Now I’m not saying this is a problem but it is definitely something I don’t think you should just start out with as an amateur. If you have that kind of capital and are willing to either pay someone to do it or get down and dirty by yourself.
Buying and Holding
Now this one is self-explanatory but is also something that can get very complicated. So lets say for example you stumble by a lot of money or you saved it up and now you want to use that to make money. This is probably the best strategy for you, so lets say you own a house whether you paid it off cash or been paying it off for years the house is usually going to be worth more than what you bought it for ten years down the road due to inflation. This means that you can sell the house you bought for lets say 100,000 for 150,000 without having to even touching the house. Now imagine if with in those ten years you fixed it up and added new things to the house to boost the value that means you can sell it for as high as 200,000 depending on how much you put into it.
Now whole sailing gets a little complicated, but don’t get overwhelmed this allows you to make money real estate without a penny in your pocket. How this works in the most simplest form, you get a motivated seller who really needs to sell the house whether it’s because they need to move for their job, or someone passed and they need to get rid of the house. Once you found that person you will have to use negotiating skills to talk the person down the price of the house that way you can maximize your ROI. You will then get an attorney or someone who is able to write you a contract. This contract will give you partial ownership of the house and will give you a certain amount of business days to sell the house for cash. Once this is signed you find someone in the real estate business or someone who has a lot of capital and you pitch them this house you have partial ownership to. Then once you network with the right person and they are willing to buy the house you then sell the house for a higher price you purchased it for and keep the difference. Now I know you’re wondering “why wouldn’t I just get a real estate agent?” the problem with selling a house with an agent is that they want to sell the house for the most money now I know this sounds good but its to slow and takes to long in comparison to a wholesaler that if they have the right network could sell it with in a week.
How can this help you?
Starting out new
Now if you have never done real estate but was interested in getting started I have a free webinar available. This is full of information and will teach you everything you need to know about real estate that way you can retire early. Imagine if you could finally live the life you always wanted where you can do what ever you wanted to do anytime you wanted to do it. What if I told you this webinar can teach you exactly how to do that.
Now if you’re in the real estate business already then I have a program that can help you at the bottom of this page its a bird dog program that regardless of what you do in real estate this will help you. It allows you to selectively search through thousands of properties and pick the ones you need. All that you do is set up the preference in the search section and allows you too search through the MLS and get you the houses you’re looking for.