How Can I Make Fast Money With Real Estate Investing?
Make Fast Money With Real Estate? Learn how in a few simple steps.
Real estate investors, especially if they are new in the business, need to make some money fast! In order to keep the momentum going, real estate investing can be your ticket to fast cash, and financial freedom.
Wholesaling Real Estate As Is (Flipping):
Whether you are a new or experienced investor, wholesaling is always the way to make quick cash in real estate. The things to keep in mind if you want to successfully wholesale in a few weeks are:
1. Build a Buyers’ List first, and qualify your buyers list (see what your Buyers are looking for, make sure they have the cash, and are ready willing and able to spend it NOW.)
2. Look for readily-available distressed properties: Deal directly with the source, don’t go through agents or the MLS. Try to find absentee owners, pre-foreclosures (my coaching students should use my highly successful pre-foreclosure letter), vacant properties and any other type of motivated sellers.
3. Deal with cash buyers – Other wholesalers (co-wholesaling), owner occupants, buy & hold investors, and renovators (fix & flip).
4. The cardinal rule of Wholesaling Real Estate is: NEVER use your own money. Whether you have the money or not, isn’t important. Using your money exposes you to 100% of the risk if the deal goes south. Using other peoples money, limits your risk 100%. It also increases your ability to do deals exponentially. The transactional funding I offer to my coaching students, will fund up to 100% of the purchase price, plus your closing costs. There are no payments for the first 90 days of the loan, and we will hold the loan for up to 360 days. That is unheard of, with most transactional funding companies only willing to hold the loan for 24 – 48 hours. We do not run your credit, we don’t verify your income, in fact we don’t care about your financial situation. We only care about the property you are buying, that it is a good deal (worth more than what you are paying), and that you have an end buyer in place who plans to fix and flip, live in, or rent out the property. It’s that easy! We will fund up to $500,000 per property same day! Proof of funds letters are available at NO CHARGE to you as a coaching student.
Assigning Contracts and Notes:
Assigning contracts and notes instead of flipping properties is also a sure fast way to make money. Just by locating a property and assigning the contract to a wholesaler or investor you can make a quick few thousand dollars.
Investors, wholesalers, real estate agents – they are all looking for properties to buy, flip or sell.
Also beyond making money fast in real estate, what strategies work today?
Real estate is not dead and it will never be. It is part of the basic need of humanity: shelter.
Real estate always bounces back, bigger and better – therefore if your vision is long term, take advantage of this window of opportunity, while properties are at an all time low and be creative about financing – in other words, think outside the box.
Choose a career that you like, and you will never have to work a day in your life! Take it from me, I’ve been investing in Real Estate since 1987. I came to America from Italy in 1985 with hopes and dreams, but I certainly didn’t come with assets, income, or an 800 credit score. It took a great deal of hard work to get where I am today. I love Real Estate, so that work, never really seemed like work to me!
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