Wise Investing – Breaking Into the Real Estate Market

There are many ways of making money in real estate but I profit well from 1 technique called wholesaling. The Basic idea Around wholesaling is to create an offer on a Home, apartment building or piece of land, get it Contracted, then Rather than buying the property ourselves We sell it to another real estate investor!. This lucky investor gets to the rest of the work (repairing, financing etc).

This is a fast way to make some extra money:

1. Never have yo use your own credit.
2. Small deposits $50-$200 down (if that I’ve put down $10 before).
3. You wont have to repair the property or worry about tenants.
4. You will not have to wait for the property to sell.

The trick is finding these properties, buying them below market value and selling them off before you even own the property..

This system works before there are a lot of investors out there looking to buy property below market value so they can fix and flip them or add on to them and sell.

Investors are always looking for ways to make more money doing less work..

So the question I’m sure you’re thinking is “ok, sounds decent but how much money can I make and how long does it take?”? As an illustration, you locate a house for sale for $70K with estimated cost of repairs of $10,000.00 and a market value of $100K after the repairs (this is called after market value aka AMV). You get a contract on the house (making sure its noted that you can assign the contract to some someone else). Next, find an investor to assign the contract to. This investor will pay you a fee anywhere from 1K-20K the price depends on you I recommend not being too greedy (just my personal opinion). YOUR JOB IS DONE! Now all you have to do is land one of these deals once a month (as side income) and you will be set (you can do more if you wish its totally up you).

This is the easiest way to make money the deal is quick in and out like and you don’t have to worry about taking on the mortgages, finding tenants, prospecting buyers etc. There people that do this full time who earn 100K plus a year. I personally just started this mid Aug 2010 and I’ve already contracted 2 homes and assigned both of the contracts making $7,000.

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