User: Password:
   Keep me logged in.
Register  |  I forgot my password
Links Revue  - Article Details

How to make money in real estate with little or no capital

Date Added: November 03, 2010 11:05:28 PM
Author: Simon Macharia
Category: Real Estate: Information

Most people do not venture into real estate investing because they think they must invest a lot of their own money into it. Others get scared because of potential risks involved. This article will show you how to buy and sell houses with no risk, no money and sometimes not buying any houses. Each deal will get you $3000 to $20,000 within just 30 days. Flipping houses, or wholesaling houses is the easiest way to start real estate investing. You get to learn the process of buying and selling houses - repair estimates, making offers, preparing paperwork and closing. The process of flipping houses involves locating cheap houses then selling them to other real estate investors. The investors rehab the houses and sell them or hold them as rentals. So how does it work? 1)  Locate houses for sale You will not see a for sale sign outside these houses. Few if any of them will ever be listed in the MLS. You will come across them when driving around. Typically you will get 5 to 10 potential properties in an hour in a good neighborhood. The yards will be over-grown, they will look untidy or abandoned, or the mailbox over-flowing with un-collected mail. Get the owner's contact from the county records. Send direct mail asking to buy the houses. Leave a post card on the door for them in case they come back. Some might have tried to sell unsuccessfully. Expired listings can therefore be good source of these houses. You must be careful to check the recording dates and make sure they have owned the properties for at least 10 years. They might have built some equity in the time. People in trouble who own real estate are also excellent potential sellers. These could be people going through divorce, bankruptcy, facing liens, etc. Simon Macharia is a real estate investor in Dallas Texas mainly wholesaling houses. He flips his houses quickly through his buyers list built through his real estate investor website from http://www.RealEstateInvestorsWebsites.net

Ratings
You must be logged in to leave a rating.
(0 votes)
Comments

No Comments Yet.


You must be logged in to leave a Comment.