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5 Ways to Collect Cash When Buying No Money Down |
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Written by Richard Roop
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Thursday, 03 July 2008 08:27 |
By definition, a real estate investor puts up some money and “invests” it into real estate deals. As a real estate “entrepreneur,” I prefer to avoid tying up any of MY money in my investments. In fact, I prefer to collect some of my profits on the same day I buy a house. That way I don’t have to be in a hurry a sell. Then I have money to further my real estate education, pay my operating costs, invest in systems to grow my business… and write myself a paycheck! Now, I’m willing to wait for my profit on the back end. And I’ll even consider “investing” small amounts into a house like a small down payment plus money for holding and touching up the property. Ideally though, I’ll want to quickly get my money back out when the house once it’s occupied by a buyer or tenant buyer. There are many different approaches to real estate investing. And I certainly don’t have the perfect plan. Your approach will depend on your own personal desires and skill set. But to put my “collect cash when buying” strategies into context, I’ll briefly describe my real estate business…
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Are There Good Deals in a Hot Market? |
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Written by Vena Jones-Cox
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Thursday, 03 July 2008 08:26 |
Q: I live in a market that's so hot that houses go on the market and get a close-to-full-price offer in less than a week. I can't buy properties here for less than full value, and no one is willing to carry terms, since there are thousands of qualified buyers looking for houses. Do I just wait for the market to slow down, or what? S.R, Philadelphia
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Last Updated on Thursday, 03 July 2008 09:11 |
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