o you want to be a real Sometimes you may have to visit
estate investor and make your local court house for
lots of cash. But you lack information about the owner. Some
the education and the experience, counties put the tax-roll
and no capital. information on-line now, pull up
a search on the web about the
Well here is a way to get into county you live in and see if
real estate investing fast, quick they have the information.
and it's safe. Become a "bird
dog". I know, your asking what is 3: Check to see if there are
a "bird dog"? That's a term used liens on the property.
in the real estate field for
someone who goes out and locate 4: A check list on the condition
potential investment properties of the property. You can take a
for a real estate investor. Many picture of the property to show
experience real estate investors the real estate investor.
got their start this way. You go
out and farm neighborhoods 5: If you are able to locate the
looking for distressed property, owner get his asking price.
with the information that you
have from the real estate A distressed property can
investor as far as what he's sometimes be a big burden to the
looking to invest in. You find owner. It can be a financial
the potential house, gather the stress or emotional stress. this
information that is needed such is the type of motivated seller
as: your looking for. A potential
lead can sometimes bring you
1: Complete address between 600 to 1500 dollars
depending on the price of the
2: Owner's name and location. house. After a couple of deals
under your belt, it's time to increase the flippers potential
move up to the big leagues and profit. A experience flipper can
stop making someone else rich, sometimes make between $10,000 to
and become a real estate investor $20,000 a month without ever
yourself. A wholesaler/ flipper touching the property. That's if
makes way more money then the he is doing this full time. As a
"bird dog", he also assumes the beginning real estate investor
larger risk. The your best bet is to start out as
wholesaler/flipper finds the a "bird dog", then move your way
distressed property and puts it up to the big cash.
under contract. He now has to
option that are available to him, To start out as a "bird dog" make
he can close on the property and your self a list of local real
rehab it himself, or he can estate investors, call each one
assign the contract over to and make a file of the types of
another investor. The reason why deals that they are looking for.
the flipper takes the bigger risk Over time you will get a sense of
is because he has to put up what sells and don't sell in your
earnest money to control the area. So, there you have it a
property. That's money out of the safe and easy way to get into
wholesaler/flipper pockets. The real estate investing without
flipper will usually takes the losing a arm and a leg.
contract and assign it over to
another real estate investor. He Your next step to success is to
will often leave the distressed add the "do" to your financial
property in it's "as is" dreams. "JUST DO IT!" Happy
condition. Sometimes depending on Investing.
the condition of the property
just a small clean up can
About the Author:
Fred Egins is a real estate investor and a writer for http://www.reinvestorbiz.com.
Get free real estate investing information and investment tips at http://www.reinvestorbiz.com.
Source: www.isnare.com
