ngureco profile image 98

Are There Workable Investment Plans In Real Estate For People With Small Money?

asked by ngureco 4 months ago

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1scottcarson profile image

1scottcarson says

You bet there is! Wholesaling and taking over properties subject to are great ways to break into real estate with little to zero money out of your own pocket. I just flipped a REO worth $70k that I got under contract for $26K and sold in 2 days to another investor for $35K That's $9K in profit.

I also just partnered with another investor to take down a property that the home owner's deeded over to us. She provided the 3 months in back payments from her self directed IRA and we are going to rent it, or sell it with owner financing and split the profit 50/50. That should be monthly cash flow of around $200 a month to me and several thousand in cash from a down payment on the wrap!

Options are another way to sell property with little money out of pocket ($100) or non-exclusive options ($10) are another great way to negotiate a price with the seller, and sell the property above what ever your option price is.

If you want more information on creative real estate, check out my blogs at www.hubpages.com/profile/1scottcarson

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Michele Arrvinte profile image

Michele Arrvinte says

Few investors are using their own money to invest in Real Estate. Usually an investor will take a loan from a bank and will invest in a real estate with an uphill value.

The best option is when you can rent out the real estate with a price much higher then the percentage you have to pay to the bank.

This way you can wait till the real estate price will grow enough.

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JosueNieves profile image

JosueNieves says

yeah try investing in real property tax certificates. I will publish a hub on that subject soon.

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cjrchef says

Take a look at my Hub about tax sales, maybe that will help. My cousin and I started with a couple hundred bucks each.

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reallykool says

Check out Tax Liens. You buy a lien on a property in the amount of the unpaid taxes - typically you get about 16%. If you aren't paid off in 2 years, you can foreclose on the property. Sometimes, if you are really lucky, you get a property for 5 cents on the dollar!

Check my hub on land buying tips

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maggiedawson says

Forget tax liens. You don't need them. If you don't have a lot of money, you're not going to make much. 14% of 1000 is $140/year... big woop.

Tax sale stuff is great but there are much easier ways of getting it where you can operate on under $1000 (or much less). Read the free reports at these two sites and see what you think: http://deed-grabber.com & http://hooked-on-overages.com.

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