Creative Ways Of Investing In Real Estate
Who says investing in real estate is only for the rich? You too can make money from industry as long as you are creative. Here are some creative ways on how you can profit from the real estate industry today, and even without a huge capital most businesses require.
Be a birddog finder. We're still in the topic of real estate investing. By bird dogging, we mean nothing about animals; it is simply finding homes for sale. Because investors are always on the look for houses to buy and invest in, they will appreciate a little help. This is also different from being a real estate agent. Agents and brokers need a license to operate and seek commissions. You on the other hand, will only feed investors with prospective deals. Find and investor and then ask him if he can give you a small amount for helping him find leads. If he agrees then you can start walking around your area as asking friends and colleagues about homes for sale. While you are not directly involved with the deal, this is in a way a form of investing in real estate creatively.
Be a finder of buyers. Another creative method is referring buyers to investors. Similar to the one above, you will also look for leads in this business. A lead is simply the name and contact information of a prospective seller or buyer. When you give it to the investor, you just have to wait if investor closes the deal he found through your deal. For every deal closed, you get a small referral fee. If you have friends and colleagues or if you have a lot of friends on social networking sites, you can ask these people if they plan on buying houses. If they do, refer them to the investor.
Be a house flipper. For those who really want to earn big money investing in real estate, you should try wholesaling houses. When you find a house for sale, place it under contract. The agreement with the seller will give you the right to buy the property. Then, look for a buyer. The buyer will need your contract to purchase the property. Assign the contract for a few thousand dollars and you're done with the deal. The best part is a wholesaling transaction doesn't usually go beyond a few weeks.
Learning it basic concepts of it though is necessary. Go to REIWired.com right now and start your real estate investing education online.
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