The Process To Make Big Bucks In Real Estate

The Process to Make BIG BUCKS in Real Estate

by

David Bartlett

Like anything, there is an activity to go by if you want to be effective and to create SUBSTANTIAL WEALTH in property investments. The program I\’m about to demonstrate you is my tried and tested program that has proved helpful over and over for me and for the many other individuals I\’ve assisted.

Discover Motivated or Distressed Property Owners – There is a great deal to know about this section. Please understand that it is the first step towards a wealthier you. All effective purchases are caused by one individual dealing with the needs of another individual. When you discover a motivated or distressed property owner, you\’ve discovered someone with a particular need that you can fix.

Discover Excellent Deals – This goes hand-in-hand with discovering motivated property owners. Just because the individual property owner is motivated does not mean it is the right deal for you. You need to evaluate the property to make sure it is a income generating project for you. Be confident you know what you want to do with the property. Have a plan to move forward as well as an \”exit strategy\”.

Sign a Contract with a Property Owner – Now here\’s one of the most essential components of this process, and this is the phase that divides the truly effective individuals from the ones who are just \”wannabes\”: If you have a good deal within your grasp, don\’t stop to think about it, get a contract signed with the property owner.

Consider this: if you want to be like everyone else, take your time and keep your distance. The drawback to this plan can mean losses of $20,000 – $50,000 or more for you. An outstanding property or deal is like a $100 bill resting on a well travelled sidewalk. Be the first to pick it up, before someone else decides to do the same.

[youtube]http://www.youtube.com/watch?v=trGRd_P4iD8[/youtube]

This is very important and when I first drive this point to people who I mentor, they are taken aback or fear starts to creep into their mind. But, I want to make this point very clear: Unsuccessful people have to think, talk to their advisors, spouse, and friends, (you get the idea).

Those who have no real intention of being wealthy find other factors that make them hesitate. They end up not investing. Successful individuals, however, know to act instantly. When they find real estate that can possibly create wealth for them of 30 to hundred thousand dollars or more, they make an offer immediately with the proper paperwork and agreements in place.

Think about it: If you put an offer on real estate with the following conditions:

– Conditional upon attorney\’s approval

– Conditional upon getting appropriate financing

– Conditional upon examination of the property

– Conditional upon your due diligence

(Note: Please discuss with your attorney appropriate wording of all contracts)… then you have primarily drawn that property or home off the market, no one else can have it. You purchased yourself a opportunity to evaluate the statistics, do research, get lease comparables for that area, etc. If the statistics do not look good, you simply get out of the deal… enough said. The most important factor here is to act like you are wealthy – right away – otherwise someone else will take that money making opportunity.

Begin Creating BIG BUCKS – There are a couple of ways to do this. One way is flipping the property by purchasing it at a good price from a motivated property seller and then profiting by selling to a motivated buyer. This can quick money making remedy in some situations; however, the best possibility so you can make BIG BUCKS, generating real huge profits for the future is to buy properties that produce continuous cashflow. Also known as rental properties.

If the deal is good then buy the property and sell it or rent it.

Repeat the Above Process. – Do these same steps over and over and over again. The first property can be the most challenging. After that, it gets increasingly easier and, at the same time, you become wealthier.

Sunil Tulsiani

– There can in no way be any ensures in any form of investing. The markets are always unstable and you can in no way predict what will take place from month to month.

Sunil Tulsiani

states: but via Private Investment Club (PIC) and Tulsiani Investments (TI) you can, at minimum, obtain the kind of focused, certain assistance essential to enable you make much be

Article Source:

ArticleRich.com