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Author: Martin Thomson Article source: http://www.readerpoint.com/. Used with author's permission.
When I talk about property investment, my interest is not in the normal sense. Most people think of property investment as a long term proposition. They believe the correct and right thing to do is to buy a property, spend yet more money on getting it comfortable then giving it to somebody else to use as their own home. They believe its a good strategy to hold this property for over 20 years and pay all the insurance, government and upkeep costs. In exchange, they will some day be rewarded with a large capital gain and a small rental cash flow.
This is far from how the ordinary property millionaire thinks. However, its certainly the way most "mom and pop" investors think.
If your goal is to be a poor landlord, then by all means do this.
If you want to make money from real estate, real money, then you need to do things a little differently.
I will tell you what to do right now. Within one month, you will have $5000-$20,000 in your bank account. I mean cut and dried profits. Your involvement with the property you find, will be over. You will then be free to move on to the next deal.
First, you will find a good deal. This is easy, but you have to know how. We are too narrow here, to go into that, but a good deal is your first order of the day. When I say a good deal, I mean finding a seller that wishes to dispose of his property, quickly for a reduced price. This is the most difficult part, and its not even that hard.
For example you must find a house with intrinsic value of 100k selling for 80k.
Next you will find an investor with finance in place. These investors are common. They are the ones I just spoke to you about at the top of this article. The "mom and pop" investors.
You will show them this property, after taking control of it through a legal instrument such as a 30 day option to buy.
You will offer them the 100k property for 95k
Do you think you will have a hard time finding somebody to buy your "deal" for 5% less? Its not a great discount, but it is $5000 to the new buyer. Thats their entry costs paid for. If you got a bit tight for time, you could let it go for 90k or 88k.
The beauty of this is, you only took control of the property, you didnt outright buy it yourself, so you are not liable for entry costs of any kind. All the money you make is clear profit before tax.
You could concievable be doing 5 deals per week like this.
There are even better and quicker ways believe it or not. So research this properly. If you are close to broke now, you wont be after a couple of weeks of focussed effort.
Worried about the ethics of this?
Let me just tell you that you are doing here, what every merchant on the planet has done since the begining of commerce. You bought at wholesale and you sold for retail.
If you can't understand that...then this really isn't for you.
My very best to you. Martin Thomas is a professional investor. He invests in Real Estate, Automobiles, Sea going Vessels, Businesses, and anything of value that may be converted into profits. He and his associates maintain a website http//:http://www.opportunity-investor.com/investin2.html They reveal their money making strategies and ongoing insights. This is free content site.
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