onsider these parameters For most savvy investors, the
for a real estate deal:
answer is: Absolutely YES!
Property Value: $250,000 This is called "Wholesale Real
Purchase Price: $160,000 Estate Investing" - the process
Repairs: $2,500 of buying a lot of equity at a
very significant discount from
If you analyze the numbers, you another real estate investor who
see that the equity available in has already done the hard work of
this deal is $87,500 (Property finding a deal and getting it
Value minus Purchase Price minus under contract.
Repairs).
Just think about that - consider
So here's a hypothetical question how easy real estate investing
for you: Assuming that the would be for you if you had a
information above is accurate, network of real estate investors
and the property is located in an in your area (and maybe even all
area that you view as acceptable over the country) who, several
and/or favorable, then: times each month, offered you the
opportunity to purchase
If I offered to give you this significant amounts of equity for
deal in exchange for $10,000 in a severe discount...
cash, would you do it?
...It would be quite easy to
Remember - this is hypothetical. become wealthy, fairly quickly,
The real question here is this: wouldn't it?
Would you exchange $10,000 in The answer again, is: Absolutely
cash for $87,500 in equity? Yes, it will.
It is through smart "wholesale
real estate investing" that you 1.) Visit the local real estate
can increase your net worth by investing club in your area.
$20,000 to $100,000 on every real Almost all of these clubs have
estate deal that you do. networking opportunities to work
with other investors who
...Now the burning question wholesale deals regularly, and
becomes, "Where exactly do I find this is an easy way to find great
these wholesale real estate opportunities.
investing deals?"
2.) Watch for ads in the
I know of at least 3 solid newspaper, television, and in
sources... other media that advertise
slogans like, "We Buy Houses", or
You've got to admit - it will be "Sell Your House in 9 Days" or
a pretty wonderful thing when you anything similar to that. Most of
know how to find great real the time, these people are real
estates deals in which you can estate investors, and they are
trade a small amount of cash for happy to wholesale deals to
a large amount of equity without people like you.
even having to find the deals
yourself... 3.) Watch your email-box. Why?
Because if and when you choose
...And that's exactly what enrollment in various free
"wholesale real estate investing" e-courses online, such as that
is all about. via tm-RealEstateInvesting.com,
you'll be provided with automatic
So let's get right to it. Here notification about great local
are 3 places to find wholesale and national deals as they become
real estate deals: available. But be forewarned -
you've got to act quickly response is always significant.
whenever these deals are
announced, because obviously the
About the Author:
Jay is the web owner of http://www.homes-in-florida.org
Florida Homes: Buying or Selling, a website that provides information on Florida real estate buying, negotiating, financing, and more. You can visit his website at: Florida Real Estate
Source: www.isnare.com
