All Forum Posts by: Jason Hanson

Frank, this is the beauty of seller financing....as long as the houses don't come back destroyed.

Keep us posted.

Jake,

I would start off wholesaling if you're a little cash strapped. Your expenses are going to be marketing and then the $10 deposit on the contract.

Also, check out www.Prosper.com to get cash.

Les,

Welcome to the site. It sounds like you are doing very well.

Here in the good ole' USA this credit crunch has created a lot of opportunity to make a lot of money.....as they say, "the time to make money, is when the blood is running in the streets" (or something along those lines).

Tony,

If you can attend local REIA meetings to learn more about the market, I have included below a list of REIA's.

http://www.biggerpockets.com/real-estate-investment-clubs.html

Jamie,

Welcome to the site. Wholesaling is certainly the best way to get started in this business.

Check out the wholesaling forum and you will be blown away at all of the great info.

Angella,

Welcome to the site. It seems like your heart is in the right place and that you are saving a lot of folks.

Will,

As you say, we are all entitled to our own opinion and this will just go back and forth. So here is the last post I will make about this topic.

That making money is the #1 reason, the primary reason and the first thing that matters. Any other byproduct of business is great.....but the most important thing is the profit....we are not in business to create jobs, to save the environment or anything else. If you are a "for profit" company your number 1 purpose is to make money.

Mark the options for financing are:

1. owner financing
2. doing a lease option
3. buying the house subject-to
4. getting private money

Post ads on craigslist and post flyers near apartment buildings.

Trisha and Will,

Once again, the only reason to be in business is to make money. Will talked about the lifestyle he wants to lead and if you don't have money, you can't lead a lifestyle of freedom.The money is what allows you to "fire your boss" and live life on your own terms. If your business is not producing then you will quickly end up in a cubicle like so many others.

There is a big difference between running a business and having a hobby/passion.........if someone is rich and doesn't require their passion/hobby to put food on the table or clothes on your back then obviously you don't have to worry about a profit.

However, remember that most of us started investing in real estate because we wanted to control our own destiny and not work for someone else......try doing that if your real estate business is not making money.