"The idea that you can merchandise candidates for high office like breakfast cereal - that you can gather votes like box tops - is, I think, the ultimate indignity to the democratic process."Adlai E. Stevenson
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A Simple Real Estate Investment Plan To Make A Million Dollars or More!
This is a very simple Real Estate Investment Plan that anyone can do. In fact, because it's so simple most people won't do it. There are only three simple steps. STEP 1. Go out and borrow one million dollars. STEP 2. Use the million dollars and buy one ...
Fix And Flip - A Real Estate Formula
Making money with a "fix and flip" property is a great way to make money in real estate. However, it isn't about repairing drywall and planting flowers. It's all about how you do the numbers. People often buy and sell a fixer-upper without a definite ...
The Basic Sense Of Real Estate
Sometimes, some processes take two to tango! The processes could not be finished with an absence of one person. In the world of real estate, there are only two people involved in the process, the buyer and the seller. Whoever gets the most benefits, ...
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Wholesale real estate investing (i.e. "quick-turn" or "flipping" real estate property) is conceptually very simple. Here's how it works:
First, "Investor A" finds a great real estate deal with a lot of equity. Typically, Investor A will have spent a significant amount of time, money, and expertise to find the deal, negotiate the terms, and get the property under contract. By putting the property under contract, Investor A now has control of the property, and the equity in the property.
(For this example, imagine that Investor A has found a property worth $200,000 and has set a purchase price of $115,000 and he also knows that there are $15,000 in repairs, which leaves an equity position of $70,000).
Second, "Investor A" finds another party, "Investor B". Investor B recognizes that the contract that Investor A has established is worth $70,000 in equity, and so he strikes a deal with Investor A to turn the deal over to Investor B in exchange for some amount of cash, called an "assignment fee" (we'll use the value of $12,000 in this example).
So Investor A is giving up $70,000 in "potential" profit in exchange for $12,000 in current profit. And Investor B is paying $12,000 because he believes he can make more than that on the deal, since there's a full $70,000 of equity built in.
This deal between Investor A and Investor B is called an "Assignment", because Investor A is assigning the contract to Investor B.
Third, Investor B does his "due diligence" (i.e. inspections, appraisals, etc.) to confirm that the deal is as good as he/she thinks it is.
Finally, at closing, Investor B closes the purchase of the property, and Investor A receives the assignment fee from Investor B.
This is obviously, a simplification of the process. But this is essentially how the "quick-turn", real estate flip deal works - not so difficult now, is it?
Now, get out there and hunt them deals down!
What? Not sure where or how? I can show you 3 quick sources to get ya started right away...
About the Author
Alain Diza makes it easy to understand the mechanics of the real estate wholesale quick-turn flip. Learn this principle and private strategies the 'gurus' are charging thousands for. Get your free e-course at: http://www.tm-RealEstateInvesting.com
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Jill on Money: Real estate, munis, life insuranceCBS NewsTo understand the issues surrounding the Facebook IPO, check out this quick video: The real estate market seems to be bottoming, according to experts like Ilyce Glink. I take that call pretty seriously, since Ilyce has been covering the housing market ... |
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Real estate spotlight, May 25, 2012Seattle Post IntelligencerBy AUBREY COHEN, SEATTLEPI.COM STAFF Is your dream to live on Lake Washington? How about in this home, 8750 Sand Point Way NE, listed for $3.395 million? The 6200-square-foot house has five bedrooms and 4.5 bathrooms, including a master suite with a ... |
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