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