Get Into Real Estate on the Cheap!

Usually, if something sounds perfect, it’s likely the furthest thing from perfection. But “usually” doesn’t mean “always,” and people do get lucky. But how about if it’s more than just blind luck? What if it’s just really hard? In this article, we’ll take a quick look at so-called no-finance real estate investment strategies, or what I like to call “‘no-money’ real estate investment” for effect. Can it really be that you can make money without putting in your own money when it comes to the business of property investment?

Yes, even in today’s depressed real estate markets.

You do not need a spotless personal credit rating score or even loads of money to get started in your real estate adventure. You’ll begin at the bottom, to be sure, but it’s definitely possible to wind up on top.

Just always remember that the foremost weapon or tool in your arsenal (or toolbox) is your own mind. So make sure to constantly educate yourself. Lay a good foundation now that will serve you wherever you go and whatever you do. It make sound corny and simplistic, but it’s the actually the truth, and a very powerful truth which many discount or overlook entirely to their loss.

Having said that, the first thing to understand about no-finance or what I will no refer to as no-money real estate is that there are two types of quick-sale real estate investors, retailers and dealers. Retailers buy properties and then sell them for a quick profit. This is the person that needs to have a substantial amount of cash for a down payment along with a reasonably good credit score. This is the one normally pictured by most people.

The other type, however, is know as a dealer. Dealers buy and sell contracts and not the actual properties themselves. Dealers search far and wide for bargains and then sign purchase contracts with their sellers. a dealer will then sell these purchase contracts to retailers at a mark-up, which is their profit. And it is as a real estate dealer, as opposed to a real estate retailer, that you can make money without ever even taking possession of the deed! Depending on a host of factors, you can earn a few thousand dollars by quickly “turning over” the contract to another buyer.

Repeat the process and pretty soon you toll can be rolling in cash! For it is as a dealer that you can generally find the bargains.

Disclaimer: the information presented by this article is intended simply for purposes of general interest and should only be considered as mere opinion; it ought never be misconstrued as serving in any way as any kind of advice whatsoever. Always consult the relevant professionals, properly licensed and/or otherwise qualified, when it comes to making business decisions of any important financial consequence! While every care has been taken to make sure that this article is relevant and useful, neither the author nor publisher assumes any responsibility or liability from the use thereof.

Author Bio: Barbra I. Miller writes frequently on real estate topics for various online publications. Please visit RealEstateMarketResource.com for more great articles from industry insiders such as Isaac Toussie and others!

Category: Real Estate
Keywords: real estate, property, business, advice, money, property markets, realty

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