Real estate is an extremely lucrative market. It may even be the easiest way for a millionaire to make it big! Contrary to popular belief you don't need a lot to get started. Many thousands of Americans are making money every day without having to risk their money or credit. Three basic methods are available.
First, homeowners can be taken over their debts. You can do this without taking on any risk by negotiating a "subject deal". Many people have a lot of debt. They will give up their equity and transfer their ownership to you to ease the debt burden. These homes are beautifully maintained and beautiful. This is possible even without having to guarantee a note. Learn how to make these deals with my free course in real estate investing.
Wholesale houses in need of "rehab" is another way to invest in real estate. This can turn out to be a gold mine for those properties in poor condition. Find the bargains, and then pass them on to the carpenters and contractors who make money fixing up houses for sale. Although you don't own the property, you can make up to $10,000 per sale. You can wholesale up to 4 houses per month. Imagine the potential income!
Fair Market Value is used to list homes that have been sold by homeowners. These listings are what you will hear when people talk about falling home prices.
Listings on Foreclosed Homes in Los Angeles can be found for as low as 20% of Fair Market Value. It would be so nice to get one of these suckers right now!
Regular listings are more likely to stay on the market for longer periods of time, and their prices continue to fall in order to be competitive with REO homes.
Due to their low prices, REO homes are very popular with buyers.
Multiple buyers = Multiple offers = Offer above asking price = Home purchase ABOVE the listed price
Today, there are many REO buyers who are taking advantage the incredible home prices and low interest rates. While you hear about the terrible real estate market, what about the booming REO market? Read more info
This is how you learn real estate business techniques in the traditional way. You take classes and then earn your license to operate our business in the real estate world. This knowledge is sufficient to allow us to start our careers. We often see people who have worked in this industry for many years reap unheard-of amounts of wealth. What if they discovered a better way to learn about real property? This is the way of experience. Through years of hard work and trial and error, these real estate veterans have accumulated all the knowledge they cannot teach in class.
If we could learn how to get all the insider information about real estate without having to go through all that experience over and over again, we would be able to make huge profits like the big players in no matter what time. You won't find anyone eager to share all of the knowledge they have. It took them many years to master it all and they don't want to share it with anyone who might be their biggest competitor