Get Started in Real Estate Investing the Right Way - With Cash in Your Pocket
Investing in Real Estate is a great way to increase your net worth and set you on a path to financial freedom if you do it the right way.
If you are looking at getting started in real estate investing I am sure you have heard you can do so with no cash or credit, this is a true statement.
I have invested successfully with no cash or credit; however there are better ways to jump into the game.
New investors often get started after hearing they can do so with no cash or credit and jump into the game full force acquiring all of the property they can with creative financing.
This method often leads to success in acquiring property; however there is typically not a tremendous amount of cash or cash flow acquired right away with this method.
The acquisition of property without a proper cash base can put you in a position where you are property rich but cash poor.
There is a way to get started in Real Estate where you can put cash in your pocket and build up your cash base before you begin to build up your property base.
Focusing on acquiring cash first and property second will build a strong foundation for you to become a successful Real Estate Investor.
To get started in the Real Estate game with cash in your pocket start by finding the deals and selling them to other investors.
This can be done by wholesaling the property or assigning the contract.
In most cases you should expect to make $3,000 - $10,000 per transaction depending on how good of a deal you can find and negotiate.
There are a few things that you can do to start putting cash in your pocket:
This financial base will help you achieve long lasting success as a real estate investor.
If you are looking at getting started in real estate investing I am sure you have heard you can do so with no cash or credit, this is a true statement.
I have invested successfully with no cash or credit; however there are better ways to jump into the game.
New investors often get started after hearing they can do so with no cash or credit and jump into the game full force acquiring all of the property they can with creative financing.
This method often leads to success in acquiring property; however there is typically not a tremendous amount of cash or cash flow acquired right away with this method.
The acquisition of property without a proper cash base can put you in a position where you are property rich but cash poor.
There is a way to get started in Real Estate where you can put cash in your pocket and build up your cash base before you begin to build up your property base.
Focusing on acquiring cash first and property second will build a strong foundation for you to become a successful Real Estate Investor.
To get started in the Real Estate game with cash in your pocket start by finding the deals and selling them to other investors.
This can be done by wholesaling the property or assigning the contract.
In most cases you should expect to make $3,000 - $10,000 per transaction depending on how good of a deal you can find and negotiate.
There are a few things that you can do to start putting cash in your pocket:
- Build a good buyers list or other investors that will purchase the deals that you find
- Develop your skills for finding motivated sellers
- Focus on your negotiation skills to create the best win-win solution for both the seller and yourself
This financial base will help you achieve long lasting success as a real estate investor.