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 heres a hypothetical question for you: Assuming that the understanding 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 ponder that - consider how elegant 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 user friendly to become wealthy, fairly quickly, wouldnt it?
The answer again, is: Absolutely Yes, it will.
It is through smart "wholesale real estate investing" that you may increase your net assessment of 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 understand
of at least 3 solid sources...
Youve got to admit - it will be a pretty wonderful thing when you understand
how to find grand real estates deals in which you may trade a small amount of cash for a large amount of equity without even having to find the deals yourself...
...And thats exactly what "wholesale real estate investing" is all about.
So lets 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 effortless
way to find sizeably effective opportunities.
2.) Watch for ads in the newspaper, television, and in other media that market slogans like, "We Buy Houses", or "Sell Your House in 9 Days" or anything similar to that. Most of the measure
, these people are real estate investors, and they are happy to wholesale deals to many people
like you.
3.) Watch your e mail-box. Why? Because if and when you choose enrollment in various free of cost e-courses online, such as that via tm-RealEstateInvesting.com, youll be provided with automatic notification about grand local and national deals as they become available. But be forewarned - youve got to act quickly whenever these deals are announced, because obviously the response is always significant.
Happy Hunting!