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Condominiums – Should You Consider Purchasing One
Condominiums tend fall into the love them or hate them position for buyers. Here’s primer on condominiums.
Condominiums
Condominiums are all about communal living, which can be good or bad depending upon your personal views. This type of...
Home Sellers Warning: Do Your Math Homework
If you're thinking about selling your home and moving up to a larger home, do your math homework before offering your home for sale. Read the following story to see what can happen to home sellers who don't do their math.
A young family sold...
How To Choose Your Real Estate Agent
Are you in a trouble of choosing real estate agent? You think that your house is valuable to you as your precious asset, but you do not know which agent you can trust. It is a fact that you spend a lot of time searching for the very best service...
International Purchase - New Zealand Real Estate
So you have decided to purchase New Zealand real estate and move overseas. You scanned the world’s property journals and decided that this is your best international real estate investment, and that New Zealand is the place you want to turn into...
Internet Tips For A More Productive Real Estate Site
All the tips and add-on software recommended in this article will make you and your real estate web site much more productive. Your investment is just the few moments to read this article and download the software.
MS Outlook - FREE Search...
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Real Estate - Investments That Increase Your Net Worth
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.
[ Submitted with ArticleSubmitter Pro - http://www.articlecity.com/article_submitter_pro.shtml
About The Author
Jay Bauder is the web owner of http://www.homes-in-california.com California Homes: Buying or Selling, a website that provides information on California real estate buying, negotiating, financing, and more. You can visit his website at: California Real Estate
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