Make Real Money, Real Fast in Real Estate

In my venture in real estate investing and while I continually acquire my education and experience, I have learned that there are different ways how to make No Risk, Quick Sale in real estate. These techniques are: rent to own,  retailing and wholesaling.


What are these techniques and how can I apply them? My mentor Trace Trajano provides brief explanations regarding these techniques.


Rent to own
In rent to own you buy a property and then you sell it to a tenant/buyer. You ask for a downpayment (more precisely known as the “non-refundable option consideration) which gives your buyer the right to buy the house for a certain price at a certain time in the future. Meanwhile you get to collect rent from the tenant/buyer which is higher than the mortgage and expenses you pay out.

The nice thing about rent to own on an existing property is you get money real quick. I’ve leased houses as quickly as 2 weeks and I love the good upfront downpayment I receive. If you structure it right, you should make money every month as well. I can usually structure rent to own deals with no money upfront and I don’t buy them from foreclosure auctions - contrary to some so-called gurus will tell you.

The only downside of rent to own is you still have to deal with tenants. And sometimes, no matter how good you are at pre-screening tenants, you still end up with tenants from hell or professional tenants. If you don’t have a good cash reserve, DON’T DO RENT TO OWN - again, contrary to some guru will tell you.



Retailing
In retailing, you buy a house cheap, then you fix it and then re-sell it. You get a lot more cash than rent-to-own but it takes several months to get the house sold. You have to know what you’re doing - how to estimate repairs, how to manage contractors and you have to familiarize yourself with selling properties to end-buyers or owner-occupants. Getting financing for end-buyers or retail buyers can be difficult specially in todays’ market.

The downside of retailing is that if you don’t have your systems for estimating repairs, managing contractors, selling and getting financing for buyers set up, you CAN lose money. For example, if you don’t sell a house in 6 months, chances are you will lose money on a retail deal. Why? No matter how cheap you buy a property, every 1 month it remains unsold is profit you will not recover forever. If you don’t have good cash reserves and you’re not a hands-on, detail oriented person, DON’T DO RETAILING either.


Wholesaling
This is my favorite strategy. I don’t care what your experience is. I don’t care how much money you have. You have to learn wholesaling and have it as part of your investing tools. Why and what is wholesaling? Wholesaling is nothing more than putting a property under contract and then, you sell your contract to another buyer for $3,000, $5,000 sometimes $10,000 more than what you’re going to pay for. One of my students is working on a deal right now in which she is putting the house for $1.4 Million and she has a buyer lined up for $1.8 Million. I am raising the capital for her.




With these strategies, it is possible to make money in real estate with no money and no risks. Currently, wholesaling strategy is what I am applying. This gives me ways to build capital for better and bigger investment in the future.


There's more...


Aside from these 3 techniques, there is another way to making quick cash in real estate. My mentor Trace Trajano will be hosting a free webinar to reveal this technique. He said that this 4th way is the perfect strategy  in any market specially in today's slow market. So come join me on this webinar and let me know what you think about it. Here are the details and how to register:

Time: October 22, 2009 from 9pm to 10pm Location: at your computer Organized By: Trace Trajano Event Description: Wanna learn the 4 ways to make money real fast in today's really slow real estate market? I wrote in my book "Think Rich Quick" 3 techniques to making quick cash in real estate. In this webinar I'll reveal to you the 4th way - and what's even better, this way has absolutely NO RISK at all. This is the perfect strategy in any market specially in today's slow market. This webinar is Thursday, October 22, 9 PM Eastern time or Friday, October 23, 9 AM Manila time. Click HERE - https://www2.gotomeeting.com/register/769513242 to reserve your seat (NOTE: RSVP is not enough - you need to register)

See more details and RSVP on Buy Your First Property:

http://buyfirstdeal.ning.com/events/event/show?id=4059235%3AEvent%3A4053&xgi=4Ad2vgdOjH1Ls2




To our financial freedom,
William Abriza