May 16, 2014 at 1:13 pm 3. How to make money investing in real estate by wholesaling properties That’s a great question. Dealing mostly with vacant land, I haven’t encountered this on many occasions. That being said – I have to think that if the contract gives you control the property, you should almost be given a key (or some kind of lockbox) on the property allowing you to come and go as you please. Student Login Are you looking for a way to supplement your current income? Have you tried every conventional thing that you can think of? If you have tried just about everything and nothing has worked for you, take a second and look into the money-making opportunities that real estate can offer you. 5 Things To Remember When You Start Flipping Houses To do this, you have to purchase a house that has a combined monthly mortgage payment, home insurance payment, and property tax payment lower than the rent the property commands. There are several ways to do this – from buying in an area with high rents, to putting a lot of money down so that your mortgage payment is low. Enter the code: Michel says h This is high risk and dependent on price appreciation. If you buy a one bedroom, wich can be converted to a 2-3bedroom you are most likely to make money. On a new Building you can change 15% with extra cost by norwegian law without paying beforehand. Other Techniques If we can find an off market distressed owner, can we get him under a wholesale contract to us. Brandon, this is great info for us out of state (actually out of country) investors. Having done what you call a guru’s course, you’re right, they do tell you to start off with wholesaling and to build your buyers’ list. Trying to build the list from a distance, while still learning the process, is hard work, but I do love trying to find the deals. That’s where networking comes in and I’m trying to build up my relationships so I can make this whole real estate investing thing work – and Bigger Pockets is one of the best resources I’ve found so far! EditRelated wikiHows Don't have an account? Sign up How to Master Skip Tracing Without Breaking A Sweat April 30, 2018 Lease Agreement Marcus, I think a better way to think about it is that it is better to not pay taxes rather than pay them. You’re going to die at the same time anyway.It’s like monopoly- exchanging houses for more houses and finally for hotels. 12.9% April 8, 2018 at 8:39 pm FSBO Guide 101 kindoflost July 26, 2017 at 9:15 pm No Credit Involved And No Cash Required: If your low credit score or limited access to capital is what has been keeping you from investing in real estate, wholesaling is the route you need to take. Even with bad credit, you can participate in a wholesale agreement because you aren’t actually the person purchasing the home. Your eventual buyer is the one who will have the go through the credit check. Another advantage of wholesaling is that you can put as little as $10 down on the property when putting it under contract, which mitigates the personal risk if the deal falls through. Attorney & Best Selling Author William Bronchick. Host of Legalwiz.com. Thank you so much for breaking down so well Brandon! From a grateful newbie! 41%+ (Are you sure? Remember I said effective, not marginal) My Favorite Blogs & Podcasts Sincerely, We recommend these 10 cards if you have excellent credit. Compare Cards What an incredible list, Brandon! I’m personally biased towards #100 . . . but this should certainly help those people who wonder the different ways they can possibly make money with real estate. Yours Truly, Subscribe today and get (Pre)-Foreclosure My question is before I jump in and start making offers , what should I have more knowledge in first? 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