I Heard That You Do Real Estate Investing? Can You Show Me?
Everyone wants to know about creative real estate and foreclosures. The main topic of conversation as soon as people know thats what I do. Tell me more.
I used to talk all about it and encourage others to learn but soon found out that it was mainly entertainment for most. I always left it think about it for a few days and if you are still interested then you have my number to call me. Guess whatI never get called back. No surprisepeople honestly dont like to change.
Several years ago I met a young gentleman that drew an interest. We talked and he asked questions and he gave it lots of thought. He called me back and said I am ready will you help me. So I partnered with him. He was young and was not able to give it full time attention.
He and I partnered on about 12 deals a year while he was learning and working part time. He averaged about 10K per deal. I had another gentleman that was older and was able to work full time and made a similar amount for 6 months time.
I have partnered with real estate agents that brought in the deals and others that brought in leads only. The leads only were paying about 1000 each and the others were 7 full and or split commissions for showing the property several times.
I have partnered with a few that strictly concentrated on foreclosures only. They were averaging one deal a month at 1520K each.
In every case the potential is absolutely there. With the economy today there are so many sellers with properties that are upside down and many heading or are in foreclosure.
It used to be that if you got a 2030 discount that was great the deal worked and everyone made money. Today if there is not a 4050 discount the deals are not working.
The lenders all know what the market will bear and the amount that these properties need to be discounted. They can choose to discount now to an active buyer or they can take it back sit on it for a period of time and then drastically cut the price and give it away later.
It is by far the best time in years to buy a property either for personal use and or to rent out and hold until the market comes back again in several years. Imagine buying an ocean property for 50 discount brand new? Rent it out to cover the mortgage and resell it. The water properties always spring back first.
Even though the conventional financing has gotten harder there is still money for great low risk deals and also more private means of financing. All the amateurs have left the market for now. Lots of money to be made now and also later as the cycle begins again. The trick is to know what you are doing and to choose the part of it that best suits your lifestyle and your immediate needs.
If creative real estate may be of interest to you and wish to know more about it and or gaining information on mentoring coaching and consulting please visit my web site today. Thank you
About the writer:nbsp;nbsp;http://www.truthofrealestate.com/profits
Clint Cohen is a renowned national expert and guru mastering in real estate investing and creative real estate solutions. Clint is also a national award winning builder remodeler and developer with over forty years of successful business operations. Married and a father of two grown daughters and two cats.
Clint has authored several books and has created written and implemented many proprietary forms agreements and exclusive paperwork for all his business ventures. An author writer reader teacher developer trainer and lecturer complimented with a very expansive and extensive collection of true and real life experiences. http://www.truthofrealestate.com/profits
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