Real Estate Investing Promises Big Money with Little to No Cash Investment
Posted on April 22, 2009 in the Real Estate category
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Introducing A New Mortgage Loophole That Will Quickly Build Your Home Equity & Effectively Reduce Your Mortgage: “Mortgage Cycling Revealed” |
It’s no secret that there is a ton of money to be made in the real estate market. Some think it might even be the easiest way to become a millionaire! Contrary to popular belief, however, you don’t have to have a lot of money to start out. Hundreds of thousands of people across the country are making money without risking money or their credit. There are three basic methods to use.
The first of these is to take over the debt load of homeowners. This can be done without risk by developing a “subject to” deal. Many people are under a huge load of debt and will transfer their ownership to you along with the equity they have in the house, simply to be relieved of the burden of debt. These homes are beautiful and well maintained as a rule. You do not have to guarantee a note in order to do this. You can learn how to take on these deals when you pick up my free real estate investing course.
A second way to get into real estate investing with very little money risked is to wholesale houses that need “rehab.” These low end properties that are in very poor condition can be a veritable gold mine for you. You find the bargains and pass them along to the contractors and carpenters who earn money fixing up houses to sell. You never own the property, but you can make anywhere from $10,000 up on each sale. It’s possible to wholesale 3 or 4 houses every month. Just think of the income that you could make!
A third way of making money with real estate is to option high end houses. This means that you find a house that has a lot of equity already in it, such as a million dollar house with three or four hundred thousand in equity. You option this for one price and through the use of killer sales strategies, you sell it for much much more. The seller gets the price they want, the buyer gets the price they want, and you get the difference, which could be several hundred thousand dollars!
Your only expenses are some marketing materials and about $100 for an option deposit. If you’re wholesaling, Ten Dollars will suffice! You don’t have to make any monthly payments or costly repairs. You don’t have to borrow any money yourself. There has never been a better time than now for making money on these high end homes.
A smart way to learn the tricks of the real estate investing trade is to find a mentor that already has had experience in Real Estate Investing. Another way to learn is to check out the website that I have listed below. These helpful sites contain information about many training options as well as hundreds of articles about every facet of real estate investing. Hope to hear from you soon!
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Nick,
I wish someone would educate people looking to get into RE investing on how to take the rejection when all the ideas that the guru’s teach, don’t work out anything like they expect it to…
And, not needing any money to be an investor… not exactly true.