With a mere $10, Ailin Graef created an avatar named Anshe Chung who came to control 36 square kilometers of virtual land in Second Life, worth over a million in real dollars. Chung’s empire started with small virtual real estate purchases which were subdivided and redesigned with chic landscaping and architecture, then sold to other resident avatars. Virtual real estate success gave birth to a real company staffed with 20 to 25 employees. (Source) What is Equity – Real Estate Treasure Hunt – Residual Income • It is easier to get started in investment in real estate rather than stocks and shares. Stocks and shares investment have complex world of trading with risks at a high level and whereas investment in real estate is safer. Frank on May 9, 2014 12:00 am Real Estate Market Cycles Marcus Maloney on June 19, 2017 10:36 am Sold as is If you want to find wholesale real estate properties, I recommend trying as many outlets as you can; real estate is a numbers game. However, I have had tremendous luck with the outlets I mentioned above. Each offers investors the unique opportunity —provided they mind due diligence — to find discounted properties that fit the criteria to wholesale. kindoflost July 26, 2017 at 9:15 pm Great questions Paul, this inspection period is not a formal inspection where you have an inspector to come out. This is basically you’re doing a walk-through taking pictures of the property and estimating the repair amount to get the property to turn key status. There is a great book on estimating repair cost here on BP. During this time you market the property to your buyers list to see if there is any interest. You do not have to pay for a formal inspection. Selected For You Starting a Family I personally should be a millionaire in 5 years from now, following the very same model, while working hard at my RE company and collecting commissions, which will accelerate the process. We'll reimburse the cost of obtaining your real estate license! Accredited by the BBB, NWR is one of the largest wholesale real estate companies in the nation.... This was a very nice read, very informative. Right to the meat! Thanks alot 1.8k Views · View Upvoters * https://github.com/csnover/TraceKit 5k Views · View Upvoters Daily Headlines Another best way to make money is through fixing and flipping houses. The title explains it all; you buy a house under market value, renovate it, and resell it for a profit. This option is a great real estate investment strategy to help you reap off the benefits in a short duration of time. But, be very careful to buy the property at the right price to avoid breaking even or worse, ending up with a loss. One last tip, location is key. Don’t forget to consider a strategic location when buying your investment property/ies to get higher returns. One of the best ways to make money in real estate is choosing a prime location for your investment.  Already have an account? Sign in Marcus Maloney G+ is the Executive Officer of Equity Realty & Investments as well as 3rd Generation Management & Holding LLC, both are family owned and operated real estate investment firms. The firms’ goal is to provide affordable solutions in real estate while providing exceptional opportunities for community redevelopment for the residents of Phoenix, Arizona and Chicago, Illinois. You can follow Marcus on Twitter In order to get you inspired enough to start your own real estate empire, we interviewed CEOs, investors, brokers, and tech gurus to see how they are making money in real estate in 2018. Here are the top 35 ways to make money in real estate: © 2018 — Passive Real Estate Investing How To Make Six Figures A Year At Almost Any Age (355) Let us break it down in a simple scenario; there are three players in a wholesale real estate contract: Commercial Lease Attorney | MD & DC | The Pendergraft Firm, LLC Last Name: 2. Create Customer Experience Investing in Different Property Types People 1. Assignment of contract is a wholesale strategy that is one of the many forms of the “no money down” deal. In my buy side purchase contract (you know the one between me and the original seller) is where you’re supposed to put your name or your company’s name. Real Estate Today Radio Kessia Khadine on October 21, 2017 8:36 pm Quite the opposite…. the contract was at one price but the end buyer will buy for another price…how would you go about getting the seller to terminate the first contract and aggree to the one Now you have your contract. It’s time to get it sold! Choose a career that you like, and you will never have to work a day in your life! Take it from me, I’ve been investing in Real Estate since 1987. I came to America from Italy in 1985 with hopes and dreams, but I certainly didn’t come with assets, income, or an 800 credit score. It took a great deal of hard work to get where I am today. I love Real Estate, so that work, never really seemed like work to me! Not well written. I had my doubts considering it was from a "TV personality" but I gave it a shot. I wish I hadn't. It's not good material. The chapters are short. It's nowhere close to the "fastest, easiest way to get started" simply because it doesn't give you actionable things to do. It's very high level in the descriptions, and I mean 30,000 feet up and looking down. There is a chapter called "Understanding the Pre-Foreclosure Process" and it is 3 pages long! I don't use exclamation points often because I think they are childish, but this instance needs one. How can anyone understand the pre-foreclosure process in 3 pages? If you ask me, you can't. The only way this book could have been worse is if Than constantly referenced how rich he was or how many Ferraris he owned, but thankfully he didn't do that. It is so horrible written I can't force myself to finish it. It is just another useless piece of literature written by some wealthy person who wanted to try and fatten his wallet a little more. Million Dollar Postcard Templates That Work February 11, 2013 LOGIN AND MY PRODUCTS 2pm – 3pm (Creating a Buyers List) Who is the listing agent? 8.) Large Commercial Office Space – Buying large commercial buildings and renting out office space to business professionals. Usually professionally managed by large property managers. This can present a serious headache if not expressed in the contract; we inform sellers all personal artifacts must be removed from the property prior to closing. One of the worse situations a wholesaler can be in is to have a property close and the seller still have personal property in it. In some states depending upon the law this can present occupancy challenges. As a wholesaler you want to provide your end buyer and property that is vacant unless otherwise agreed upon. Selling meth is a great business opportunity too in terms of the ease of it all, but I don’t think either of us is planning to get into that business! “Hard money lending is a fantastic industry to break into because of the high returns and extremely low risk on the lender’s side. For real estate hard money loans, all investments are backed by physical properties. This means that the lender is collecting interest on the initial loan amount with the knowledge that even if the borrower defaults, the lender still has an asset (the property) to collect his or her return from. The worst case scenario is that you have to sell or flip a property yourself, and in that case, you earn all of the profits. (a) A person may acquire an option or an interest in a contract to purchase real property and then sell or offer to sell the option or assign or offer to assign the contract without holding a license issued under this chapter if the person:   Jarvas Gordon on February 11, 2017 7:20 am Find people & locations w Press Page A new crop of software companies is working solely on generating leads for real estate agents. To greatly simplify how this works, these companies put up advertisements that leads interact with and provide their contact information. They then reroute these leads directly to real estate agents and brokerages. Companies like Zurple also offer agents software to respond and track their progress with these leads. I heard this was supposed to be the “cloud” on the title and if I do happen to “file” it and the closing process starts in the title company, how does it get extinguished (the affidavit and memorandum)? Craig Renz on August 25, 2015 12:36 am This article contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page. Furthermore, a great hard money lender works with his or her clients on making every real estate sale a success. Especially for fix and flip clients, happy customers come back for repeat business. After you build relationships with great ‘flippers,’ you can sit back and collect the interest without worry.” Getting Free Organic Leads and More with Matt Andrews | EREI 147 This is good help here by an attorney: http://watsoninvested.com/wholesaling/ Real Estate Open House – What Is a Lease Option – Part 3 Find all the books, read about the author, and more. Read Selling Discussions wholesale real estate risks|wholesale assignment contract wholesale real estate risks|wholesale homes wholesale real estate risks|wholesale homes for sale
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