How to Make Money in Real Estate Investing under Expert Guidance?
4 Ways to Make Money in Real Estate Investing Under Expert Guidance
Although the real estate investing market tempts with plenty
of opportunities, making money with real estate is not a cakewalk. However,
under expert guidance one can make huge gains in real estate investing easily
and without much hassle. But there are certain tips that can help you prepare
for making huge monetary gains under expert guidance. So if you also wish to
know how to make money in real estateinvesting under expert guidance, here’s a little list of four
interesting ways intended to help you make big bucks in real estate.
1 .No money down
Search well to locate a property that is under-priced but
seems to be a promising. Negotiate with the owner and try to strike a deal with
no money down. Often home owners plan to sell their properties for zero down
payments as they are moving out to some other place or wish to get out of the
vicious cycle of mortgage payments. Once you do no money down deal, you may
further sell the property to an interested buyer before taking the possession
of the property. In addition, you may even take the possession of the property and
later rent it out to make some money.
2. Fix and flips
Buy a neglected property for less than what it’s worth and
then spend a little fortune to refurbish and renovate the property.. Once the
property is refurbished and renovated, you can choose to sell the house for an
appreciated value and make some quick profit. Alternatively, you can also rent
out the property for a fixed monthly payment that can be used to make mortgage payments or some quick gains.
3.Foreclosed Properties
Prepare a list of properties that have been seized by the
bank for foreclosure. Once you have a list of such properties, make your
selection and then approach the bank or the loan company with your bid. You can
place your bid for the foreclosed property and most often get the foreclosed
property at dirt cheap prices. Thereafter, you can secure the possession of the
property and plan to sell it almost immediately to an interested buyer at a
price below the market price, almost immediately. Rest assured, even if you
sell the property below the market price, you are going to make a hefty profit.
4. Optioning
Yet another important step on how to make money in real estate investing under expert guidance
is optioning a property. Optioning is a process where you buy an option on a
particular property for an option amount. The option amount is quite similar to
advance payments. However, option amounts are smaller amounts, usually $100.
Under the process of optioning, buyer and seller reach an agreement that by a
certain date the buyer will purchase the property from the seller by the paying
the negotiated amount minus the option amount. In case, the buyer is not able
to make the complete payment on the scheduled date, the option amount is liable
to be forfeited. You can option a
property, find an interested buyer and sell the property for some quick
profits.
Subscribe to:
Post Comments (Atom)
0 comments: