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What kind of real estate investment-estate investing program is suitable for you? The proper real-estate investing program can 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. Choosing the best real-estate investing program is one of the most critical decisions you may make as a real-estate investor.
The most effective known real estate investing program will be the Carlton Sheets no down payment system which 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 may not want to have to earn money based upon that real-estate investing program alone. But Carlton Sheets has introduced a great deal of men and women to the wonderful world of real estate investing and then 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 critical skill for real estate investors is learning the way to buy properties significantly below value. When you learn 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 from wholesaling will be the ability to quickly generate profits without needing 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 not have to fund the purchase. For a complete system on wholesaling check out Kick Ass Wholesaling
This really is an advanced real estate investing program not because it is difficult to apply but because most investors never discover the system. Instead of buying ugly houses and either wholesaling or rehabbing there's a way to sell and make twice the profits as well as have a larger pool of buyers wanting your house.
Work for Equity will be the real-estate investing program in which you sell the property with a special lease option agreement that requires the purchaser to fix the property at their expense. Later, typically after twelve months to maximize your tax gains the lease option buyer has the correct to purchase the property (within the real world directly about 30% associated with any lease option buyers exercise their option and purchase the property).
In the event the lease option buyer exercises their option and purchases the property you are cashed out and this is nice news. Whenever they lease option buyer won't exercise their option you've got a property which has been improved at their expense and 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 eventually work with equity can literally double an investors profits compared to rehabbing the property then selling the property for the full after repaired value.