If you’ve dreamed of making money with real estate, but have wondered if it would be a wasted effort in today’s market, have no fear. Earning good profits with real estate is not only possible, it’s virtually a sure thing.
Here’s one reason why you can bet on making money with real estate:
There are record numbers of foreclosures in today’s market. Foreclosure homes offer a fantastic opportunity for making money with real estate. In fact, making money with real estate foreclosures is one of the easiest and highest-profit ways of making money with real estate.
Here’s how preforeclosure works: When a homeowner receives a foreclosure notice, the property enters the preforeclosure stage until the actual foreclosure auction. At the preforeclosure stage, the homeowner usually wants to sell his home quickly in order to get out from under the coming foreclosure. The homeowner is usually less interested in making money from real estate than he is in getting rid of the huge headache of his delinquent mortgage and avoiding foreclosure. This means that the homeowner is likely to sell to you at a rock-bottom price.
There are two main ways that you can make money with real estate foreclosures: You can “flip” the property to an investor for a large, cash profit, without putting any more than 10 dollars of your own money (for the contract) into the deal. You can also assume the loan by purchasing ‘subject to’, again without investing any of your own money. Both methods assure that you’ll be making money with real estate – to the tune of tens of thousands of dollars.
If you’re interested in quickly making money with real estate, preforeclosure homes and probate homes are your best bets for finding great deals on heavily discounted real estate.