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How to Increase Your Net Worth by Real Estate Investment
Would
you exchange $10,000 in cash for $87,500 in equity?
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
here's a hypothetical question for you: Assuming that
the information 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
think about that - consider how easy 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 easy to become wealthy, fairly quickly,
wouldn't it?
The
answer again, is: Absolutely Yes, it will.
It
is through smart "wholesale real estate investing"
that you can increase your net 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
know of at least 3 solid sources...
You've
got to admit - it will be a pretty wonderful thing when
you know how to find great real estates deals in which
you can trade a small amount of cash for a large amount
of equity without even having to find the deals yourself...
...And
that's exactly what "wholesale real estate investing"
is all about.
So
let's 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 easy way to find great
opportunities.
2.)
Watch for ads in the newspaper, television, and in
other media that advertise slogans like, "We
Buy Houses", or "Sell Your House in 9 Days"
or anything similar to that. Most of the time, these
people are real estate investors, and they are happy
to wholesale deals to people like you.
3.)
Watch your email-box. Why? Because if and when you
choose enrollment in various free e-courses online,
such as that via tm-RealEstateInvesting.com, you'll
be provided with automatic notification about great
local and national deals as they become available. But
be forewarned - you've got to act quickly whenever these
deals are announced, because obviously the response
is always significant.
Happy
Hunting!
1howto.com
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