Now Three Strategies Real Estate Investors Can Use To Make A Quick Profit You'll thank yourself a thousand times in the future, if you learn it. But they never tell you the details of exactly how the deal was got by them. I told her to take the balance left in the equity line for moving expenses. There are a lot of things that prompt people to sell their properties. The death of a loved one, an untimely divorce, job relocation and many other factors may need you to sell your house at the soonest possible time. Selling a house quickly may not be easy for most people especially those who lack the expertise in real estate investing. However, it is actually possible to liquidate your asset within 7 days and get the cash that you need in no time.
The wealthy only make quick decisions in areas they are experts on. If anyone is trying to pressure you into making a quick decision and you don't have the experience to know if it's good or not, the decision should likely be "no".
How do you find motivated sellers? You work at it! Like any business, it is crucial to develop slightly marketing blueprint. One that is basic, yet very effective, is the one that was proven 75 years ago by the Fuller Brush company; door to door sales. The thriving investor learns to find financially distressed homeowners who have no decision but to sell for less than market value. They have lost their job or been by surprise transferred; they are divorcing; they been living beyond their income; the family has been overwhelmed with medical fees and, not commonly nowadays, their cash has gone to support a drug pattern. Those are examples of motivated sellers. They have to sell and they will accept something other than a typical, all money offer. Motivation is one of the most important factors that will determine your level of success. Successful people are always motivated toward their dreams and their goals. Thus, if you want to be successful, you must learn how to do the same. So here are the top 3 motivation tips for you...
Wholesale houses. By finding great deals and wholesaling your interest in the property to a cash buyer you can make a quick $5-$10,000 each time. There is no management or long term holding nightmares at all in wholesaling. Your job becomes how to creatively locate motivated sellers that have houses that are NOT listed on the MLS. There are 1,000 ways to do this. Wholesaling houses requires no credit, no money, and little experience. There are a ton of great real estate investing courses out there to help you learn more. Follow my blog for more info on this subject. W - this final W brings the price negotiation full circle as the investor asks the problem question What is the least you will take if I can close in 10 days with cash and pay your closing costs? They get an address, name and phone number of the owner if possible. Or they'll knock on the door of the house in question within an hour of hearing about it. They don't waste time thinking about whether or not it might be a good deal. They take immediate action. They get the information they need that tells them exactly whether or not they should move forward. If the numbers work out, they write a contract on the spot, and have their newest "good deal".