Making Money in Real Estate With Or Without Cash
Author: Leslie Collins
Source: ezinearticles.com
There are two basic ways to make money as a real estate investor. The first way is to actually buy and sell the property and the second is to find and assign the property.
Buy and Sell Property
Typical buy and sell real estate investor buy properties at a huge discount, rehabs it, and ultimately sells the property and makes a nice profit.
This is a great way to make money but it does require cash, credit and risk on your part. After all you will be incurring costs to repair, market and hold the property for potentially many months.
While those with deep pockets can afford the risk and time horizon to sell the property, those with less means are not excluded from making huge profits in real-estate.
This leads to the second method to make money in real estate, or the “find and assign” method.
Find and Assign the Property
The find and assign method involves virtually ZERO risk, you wont need cash or credit.
Basically you will be seeking out motivated sellers who may abandoned house owners, out of town owners, distressed owners in pre foreclosure, etc..
The beauty of finding and assigning is that you never actually take title to any property, you simply negotiate a sales agreement with the owner and transfer that “right to purchase” to a real rehabber who buys the physical property.
Of course the rehabber potentially stands to make a nice profit when he actually sells the property; 30, 40, 50K is not uncommon
However for zero risk, you can easily make a nice $3000 – $6000 per assignment, which you will receive when the property closes with the original owner. You never have to wait until the property is sold by the investor who bought your contract.
With foreclosures on the rise taking advantage of this opportunity will mean many will be making lots of money in the near future. If you’re interested in learning a great step by step method of exactly how to find and assign real-estate, see the link below.
Learn Real Estate investing by learning contract assignments the RIGHT WAY – Visit: Contract assignment