What's the best way to make money in real estate?
Tough question.That largely depends on WHO you are, and what your experience level is in the business.
The options range from buying and holding rental properties, buying and renting properties on a short-term lease-option, buying deals subject to an existing mortgage, to doing a short-sell on a non-performing mortgage, to buying and rehabbing properties.
Each has it's own level of complexities; most require you to assume some level of risk either in cash, credit and or time.
The key to success in real estate if you are starting out is to narrow in on ONE type of niche. Focus and learn one type of transaction FIRST then move on from there.
If you're STARTING OUT as a real-estate investor, why not learn to 'find and assign' real-estate deals?
What makes finding and assigning real estate contracts so attractive to new real estate investors?
Simply because they are VERY lurative and risk free, and easy and quick to learn.
Here are the main reasons Finding and Assigning real estate contracts is a smart option for new investors.
You Won't Need A Lot of Cash: You will not be taking title to any properties so there is no need for up front cash or any financing on your part. Earnest money required for these types of transactions is about $10.00 per deal.
No Repair Worry: Since you never actually own properties when you find and assign, rehab and repairs are not your problem. You will not be concerned with contractors, budgeting repairs, or inspections or permits.
You Will Have No Holding Costs: Again, since you take no title when you find and assign, you do not worry about payments, property taxes or insurance.
Buyers Are Ready, So are Sellers: With the recent huge surge of foreclosures, many homeowners (sellers) in the pre-foreclosure stage needing to sell their homes or face financial ruin. This alone has created a growing supply of homes that are perfect for the find and assign transaction model. Buyers are abundant too. Many seasoned investors do not have the time to source properties, finding and assigning contracts is the conduit that connects buyers to sellers.
Quick Profits: You can easily earn $2,000 to as much as $10,000 in 30 days. Typical time into a transaction is about 6-10 hours.
No License Needed: You are not acting as real estate agent on anyone's behalf; you are merely locking in a purchase contract with the seller. You will need no special license is required.
If this sounds interesting to you why not learn to find and assign at your own pace? You can learn the specific techniques of finding and assigning real estate contracts in about a month.
Many do it part time.
Finding and assigning is achievable because it doesn't overwhelm the new investor with every real estate investing option available - there are specific, learnable techniques specific to these types of transactions.
Once learned, you have a powerful, targeted skill set that can easily generate continued cash flow every month.
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When you post an article please give the author credit - like this:
foreclosure training for profit.
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