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The kind of real-estate investing program is appropriate for you? The correct real-estate investing program could make it simple to be a successful real estate investor. But let's be clear, the steps to becoming successful as a real estate investor are simple but simple will not always translate to easy. Picking the right real-estate investing program is just one of the most important decisions you can make as a real estate investor.
The top known real estate investing program is the Carlton Sheets no deposit system that has been running as a TV infomercial for over twenty years. As fare as real-estate investing programs go the Carlton Sheets No Deposit system leaves much to be desired and I might not want to have to make a living according to that real estate investing program alone. But Carlton Sheets has introduced a whole lot of folks to the wonderful world of real estate investing and for this he should be thanked.
Let's take a look-at three real estate investing programs and the advantages of each.
The single most important skill for real estate investors is learning how to buy properties significantly below market price. When you discover ways to buy at 50-70% of market values profits are assured and exit strategies plentiful. Pay too much for a property and there is usually little you may do other than take your losses or hang on for dear life hoping the market appreciates over time.
Another benefit of wholesaling will be the ability to quickly generate profits without having to use your cash or credit. An example is you locate a house worth two hundred thousand dollars that a seller will sell to you for one hundred and three thousand dollars. You might in turn sell this to another investor for one hundred and forty thousand dollars and make yourself $10,000 quickly and never have to fund the purchase. For link a complete system on wholesaling check out Kick Ass Wholesaling
This is a sophisticated real estate investing program not since it is hard to apply but since the majority of investors never discover the system. As opposed to buying ugly houses and either wholesaling or rehabbing there's a way to sell and make 2 times the profits as well as have a larger pool of buyers wanting your home.
Work for Equity will be the real-estate investing program in which you sell the property with a special lease option agreement that needs the purchaser to repair the property at their expense. Later, typically after 12 months to maximize your tax gains the lease option buyer has the proper to purchase the property (in the real world only about 30% of the lease option buyers exercise their option and purchase the property).
Should the lease option buyer exercises their option and purchases the property you are cashed out which is good news. If they lease option buyer does not exercise their option you have a property that has been improved at their expense and also you are free to sell again using any method you choose.
The advantages to the real estate investor are too numerous to detail here but in the long run work with equity can literally double an investors profits when compared with rehabbing the property then selling the property for the full after repaired value.