The 3 Best Ways to Profit in Today's Market
And how to be prepared when that deal comes your way!
1. Wholesale Fix-Up Properties
Needs a lot of work. Can be cosmetic or major rehab.
Wholesale properties are a great way to make money because they hold several large profit centers. You can make money locating and negotiating them, by putting up the cash to buy and fix them, and by - you guessed it - fixing them.
Typically, you cannot get conventional financing on them. They are discounted because you have to pay all-cash or use a hard money loan.
As a beginning investor you may be better off specializing in LOCATING these properties and passing them on to a more seasoned investor for a quick flipping fee.
In this category I want to recommend two great resources that can help you with your education and getting prepared for Wholesale Deals (it's actually great information even if you consider yourself "seasoned"):
The first one is a great - no TOP-NOTCH - course on buying, funding, repairing and selling fixer-upper properties. It teaches you to spot a good deal, estimate repairs and manage your contractors so you and your profits don't get eaten up. Here is the Link - Click!
The other resource is about little known Secrets of Financing for Investors. Click here for a special "leaked secret" from this great resource! No matter if you already have connected with a hard money lender, this is the information that your hard money lender doesn't want you to know because it will save you tons of bucks that are not going into his pocket... Click here for Mortgage Secrets for Investors!
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