No Money Down Real Estate Investing Has a Price, You Have to Invest in You
Sunday, November 04
Do you ever feel like you are not living the life you were meant to live? A life in which, you are realizing your fullest potential. A life in which, you are giving your significant other and family members the life of their dreams? This sounds very familiar to me, how about you? If you want this life but feel like you are stuck in place, it is time to invest in you.
Learning how to wholesale houses, a form of real estate investing, is one of the best investments you can make. The wholesale industry is very doable to learn, and can be very lucrative. An investor who has set up several deals can earn thousands, and may have enormous paydays from time to time. It is not unheard of to make $10,000, $20,000, or even $40,000 dollars in this business.
Imagine that for a moment; how would $40,000 change your life? Would it make a significant impact on your finances? Would it allow your family to struggle less? Perhaps it would enable you to pay off debt or make house payments. Now imagine you could do this with only one real estate transaction. This is not a fantasy or late night TV nonsense, $40,000 is what I recently made by wholesaling one single family house.
Start with You
Wholesaling properties is a legitimate business that anyone can learn. You do not need a lot of money to get started, and you do not have to have good credit. The price for admission is a deep willingness to invest in you; to give every ounce of mental and physical energy to learning and working this business.
If that sounds vague, consider that nothing in life changes until we change ourselves. By dedicating yourself to studying and understanding real estate investments, anyone can make this change, and become successful at wholesaling real estate.
The reward is a life of financial freedom, but not just because of how lucrative real estate investing can be. When you make an investment in yourself, life will be substantially richer in all areas. To invest in you means to grow, and life will never be the same when you do.
In the simplest terms, wholesaling refers to buying houses low and selling low. The difference between the two prices is the amount the wholesaler, you receive.
Here is an example of a typical deal: I find a house the owner/s is willing to sell at a fair price. After meeting with the sellers and agreeing on a sale price, I place the home under contract, thereby taking it off the market. I then contact buyers from the network I have established. This network consists of real estate agents, rehabbers and other wholesalers. Next, someone from my network agrees to purchase the house for a little more than what my contract with the seller states. When everything is in place, the deal is closed and I walk away with a profit. The buyer has a house they can rehab or rent for profit, and the homeowner is free of their obligation and often, walks away with cash.
Of course, there will be a learning curve you need to overcome in the beginning, but this is how we all grow. Learning how to wholesale houses will move your life and your bank account ahead exponentially. Investing in real estate is investing in you, investing in your family and investing in your dreams.
Neva Williamson is a buy and hold real estate investor at heart. After closing a $40k wholesale deal she's added new tools to her business. She chronicles her real estate investing adventures and offers free real estate investing tips at her blog http://timeforinvesting.com .