!!It is important that you read this page before you proceed forward.
Click Here === "Home Income Projects"
!!This is not some phony come on scheme to pick your pocket and empty your wallet of already limited funds. What is suggested is a REAL INCOME PROGRAM that can set you up to earn THOUSANDS of Dollars.
A career offering you huge opportunities. I will share with you tactics and systems to advance you and guide you along the path to making an outrageous amount of income....beyond belief from your work station right at home. Your contribution is LEARNING to EARN!
YOU WILL NOT BE ASKED FOR ONE PENNY...Your success depends on spending the time to study what I have shared and will be offering in this "How to get started" chapter you have in front of you.
In the above lesson assignment, Home Income Projects, there were links to additional training, background and basics. You need to follow each of those links, read and study them because they set the stage for getting started and actually putting a plan into action to making money at home.
You have seen signs and advertising, "We Buy Homes Any Condition for CASH!"
These are the risk takers desperately searching for their next investment.
Really that is the difficult part, finding those properties, houses that offer the opportunity to turn them for profit.
Investors
The various aspects of real estate investment have been outlined for you, some investors are looking for "run-down" houses, others are making big dollars turning vacant land. Vacant land, investors have no hidden electrical or plumping problems, no under estimating rehab costs. Just be aware not every investor is looking for heavy labor intensive properties, such as fix up houses.
To begin, think in terms of the investor taking on the investment and ending up with $30,000-$40,000-$50,000 or more from the final closing. Even a wholesaler expects to quickly turn over a property walking away from the closing table with $6,000-$10,000 or here again MORE.
So when I say don't sell your services short, minimum "finders fee" $1000 cash on contract signing to purchase. Possibly more, remember you are a "bird dog" hunting, locating, pointing and NOTHING MORE! Identify, NO NEGOTIATING, no haggling, let the investor find the bargain price. It is his/her risk, the investor must calculate costs and profits and make the offer to buy.
If you read all the materials suggested you saw another opportunity, selling investors software and programs to estimate their risks. Sign up to be an affiliate. So along the way doing your job finding investment grade properties you will need to locate and build relationships with real estate investors and have the opportunity to offer them analysis programs. Sign up now, === As an "AFFILIATE" you will be on your path to making money soon.
Your job is going to be locating distress/under utilized/"unloved" properties, or distressed sellers, transfers, out of town owners. During the period of time recently people rented their properties when the prices were down and their mortgages did not allow them enough margin to to sell. Now their equities have grown, thanks to their tenant's rent payments and they are back on their feet ready to sell for cash without all the heavy costs of selling.
Properties left due to deaths and the need to settle estates, divorces, abandoned and beat-up properties. Real estate agents already have a list of investors so their motivated sellers won't do you much good. You will need to establish your own niche. Selling to your investor actually eliminates the heavy cost of selling for the property owner and gets it over fast without the hassle of marketing.
The first thing you want to do is notify everyone you know, your sphere of influence, family, friends, acquaintances to keep an eye out for vacant properties, people desperate to sell and wanting to move on quickly. Let them know you are working with real estate investors and that it is your job finding them properties to buy. Notice I said notify...not just mention it in passing. Make a real effort to let them know, maybe even have some business cards made up with your name and phone number. Keep on top of enlisting others to help you. REMEMBER you are not a real estate agent which requires a license, you are simply an associate of the investors referring what you find to them.
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Additional sources of leads, rentals and
property for sale,
ZELLOW- www.zillow.com, CRAIGSLIST- www.craigslist.org ,
LAND WATCH www.landwatch.com , vacant land,
HUD Repos - www.hudhomestore.com
Often overlooked source of leads on properties for sale...**"BIRD DOGS"
Wait, forgot one of the most important sources of possible investment property leads. Your "bird dogs", friends and family members interested in your success or at least what you're doing these days. Let the people around you know you are looking for something reasonable in price and terms to buy to fix up to sell or hold on to for a little rental income. No need to go into a lot of financial details, just let them know about your stepping out into a new venture and let them work for you. If someone happens to land you that "right property". "The lady around the corner who lost her husband and wants to move closer to her son."
Remember a generous thank you reward that they can point to with pride will introduce you to a lot more "bird dogs" and repay you with more leads.
**Property Finder Program "Property Scouts"
**Property Finder Program "Property Scouts"
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Right now, click here for funds for real estate investing.
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Back to bird dogs, trackers, finders, helpers in seeking properties to buy for investment.
These will expose you to properties for sale, what you need to do is find out the seller's motivations for selling. "How bad do they want to sell." If the property is for rent find out if the property might be for sale, also ask if the seller is an investor. Collect your list of investors from those ads, ask if they are looking for more investment properties and let them know if you come across something you will forward it to them for a "finders fee".
You have leads on where to look for properties and where to look for investors.
Keep your eye out for vacant properties and properties with hidden potentials.
Several years back I was sitting in my office and a friend of mine another real estate broker stopped by telling me about just listing a piece of property for sale.
It wasn't far from my office, 5 acres with a vacant house. He felt it was really an excellent price but the house need some fixing up so he was going to have find a buyer who wanted a home with some land and willing to do repairs.
As we talked I became interested and we ran over to take a quick look. I bought the property, we, really my wife went in and quickly put the house in shape to sell fast and it did. At the same time I had a surveyor come in to split the house and a lot off from the remaining 5 acres to sell as individual building sites.
I had the surveyor split up the balance of the acreage into lots for building single family homes. I had to file the "subdivision" with the county and get approval by the state real estate department but with all that work done I sold the now raw subdivision to a builder for cash and walked away with nice sum for my effort.
Since the house was split off from the rest of the property and was free and clear, my wife walked off with a nice profit for her work also, it went into our joint bank account. The money came in handy when our taxes came due the following year.
Story here, another place to look for your investors is older houses on big lots that can be split off. When the owner goes to sell, buyers are happy to have all the extra land but seldom willing to pay a retail price for it. Here the owners can pick up a little extra cash and the investor will do all the work.
Another way I can suggest finding investment grade property is in a transition area. Where apartments, multi-family homes or commercial building is happening. Lots or run-down cheap houses that can be purchased and the property eligible for a zoning change allowing for much higher use and added value. Infill lots are good targets for investment.
Credit Unions or community banks could be a source of properties, however they have the advantage of direct dealing with investors who may be customers using them for financing.
As you go along work on building relationships and over time people will know your access to cash buyers and present you with leads.
Caution do not give your services away, make certain you are properly paid for your work. Go back now with this additional knowledge and check out, Home Income Projects and all the links with a new eye toward making money partnering with real estate investors.
