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December 15th, 2009
Real Estate Finance Using Subject To Options
Real estate finance is one of our favorite real estate investing topics to write about.
Our students are always interested in new and intresting ways to finance their purchases of real property, so from time to time, we like to review some of our favorite strategies.
One of these is financing wholesale rela estate deals with “subject to options.”
Now, don’t let the fancy name intimidate you, subject to options aren’t as scary as they may sound, and they can really supercharge your real estate investing.
Typically the advantage to wholesale deals is that they can be turned over faster than retail deals.
If you give a low enough price that another real estate investor can come into the property, make a few upgrades or fixes and then sell it for a profit, then you have a larger market of potential buyers than if you are looking only for an end user.
When real estate investing with option contracts, all you do as a real estate investor is find a deal that you are interested in buying, negotiate a price with the seller, and then execute an option contract with the seller.
These deals can be financed in any number of ways, but one of our favorite real estate financing strategies is to negotiate a subject to option.
The subject to option gives you the right not only to purchase the property for a fixed price for a fixed period of time.
It also gives you the right to take over the property with its existing financing, meaning that as long as you’re willing to make the payments on the current mortgages on the property, you won’t need to go out and get new financing.
This is a powerful one-two investing strategy, because it allows you to contract a virtually limitless number of properties with very little money out of pocket (typically $10 for an option fee) and then to close on the properties without the expense, hassle or need for financing!
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By
Admin
on
December 12th, 2009
TV Set Tour
Get back stage at your favorite show.
This TV Set Tour is the ultimate.
It will set you free.
Visit www.MillionairesConcerge.com or Call 1-888-SIX-STAR Today!
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By
Admin
on
December 9th, 2009
Real Estate Wholesaleing Increasingly Attractive In Today’s Real Estate Market
We are often asked, “What is the fastest possible way to make money with real estate investing?”
Our answer is always the same, and it’s a strategy we use all the time in our own real estate investing, even though we’ve been investing in real estate for years.
The hands-down, no argument, absolute fastest way to make money in real estate is through buying a property low, at a great price, and then flipping it off to another real estate investor who can still sell it at a profit.
Some real estate gurus refer to this as wholesaling because you are going into the property up front with the idea that you may not sell it to an end buyer.
That is, many wholesale properties are acquired by one real estate investor and sold to another real estate investor who plans to resell the property to someone who plans to live in the property and use it as their home.
Wholesaling real estate is not a lot different from wholesaling anything else.
The trick is to buy at the right price, which means you really need to know the value of properties before you start your wholesale buying program.
The second trick is to build a strong list of real estate investor buyers so that you can turn your wholesale deals quickly.
This is necessary to make the most money possible, because you typically make a lot less flipping wholesale properties than you do selling to retail buyers.
Just remember, buy low and turn deals fast, and you can succed as a wholesale real estate investor!
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By
Admin
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December 4th, 2009
Dune Buggies in Las Vegas
Holy friggin’ moley…what a blast.
We did dune buggy rentals Las Vegas and had and absolute blast.
I still have the grin on my face.
Visit www.MillionairesConcerge.com or Call 1-888-SIX-STAR Today!
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By
Admin
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December 1st, 2009
Real Estate Investors Need An Exit Strategy When Buying Investment Properties
Want to know how to succeed at real estate investing?
What matters most is that you have an exit strategy in mind when you purchase your investment real estate property.
The biggest losers in real estate investing are people who purchase properties without knowing what they are going to do on the back end to make money from those properties.
What is an exit strategy for a real estate deal?
Great question! All exit strategy means is that you know what you are going to do with the property to make money on it AT THE TIME YOU BUY IT.
That timing is critical. You need to know how you are going to turn your real estate investment from investment to cash, from property to payday, at the time you buy it.
This makes sense too, doesn’t it? Rather than buying something you like or think may be a good investment, create a plan for how you are going to get rid of the investment to cash out, get paid and make your profit, and do that before you ever invest a dime in the property!
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