Thursday, August 14, 2008

Explanation of Your Options!

Hello All,

I am going to explain the 3 ways in order to be successful in real estate investing. It is a very complicated business when you do not know what you are doing. People spend thousands of dollars online and buying books to figure out the process. I am going to be submitting many articles about "how-to" achieve wealth from these three subjects that real estate agents spend four years in a college not learning. Why become an agent when they earn only a percent of a deal. Do they work less than an investor. Oh heck yes! Do they reap the benefit of saying "That was my home I fixed and made $20k!" NO. So here is what the three main things any new investor should plan on learning:

1) Short Sale. This is the process of buying a home from the bank for less than what is owed on the loan. Will the bank accept a "lowball" offer. Heck yes. Do they like it? Heck no. This is one of the best ways to acquire a property for very cheap and make the most money on it. They are lengthy and you have to convince the bank that they are saving money on the deal you are offering! Which is true in most cases. More on this later.

2) Wholesaling. The bread and butter right now. Everyone and there grandma can wholesale a property to another investor for a profit. The difficulty is getting homes that already have equity because most people are upside down due to the current market or they refinanced because they didn't see their ARM loan actually was going to activate a couple of months later. Wholesaling is amazing if you can get a consistent amount properties each month or two. The best way so far is to snail mail people for their home. More on this later.

3) Fix-N-Flip. My favorite because I like a little hard work and the payoff is extremely bigger if you find the right deal. And they are on every street. Have you ever gone down a street and noticed one house that is the ugliest in the neighborhood? Of course! Those are the perfect ones to fix and bring up to the level of the adjacent homes. It will take two-six months depending on the house to fix it. Then the benefits you should set your self are at a minimal of $30k after the house is sold. Do most people make that much in 2-6 months? Maybe, but you are capable of doing a multiple amount of these in that time. The problem right now is that the market is dropping so fast, you have to calculate the drop each month into your costs. Will will get more into the technical stuff later.

More to come on each subject soon.

Please feel free to email me mrkstyvsnt@gmail.com
www.azhouseflipper.com
www.azfliphomes.com
www.steveandtigerbuy.com

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