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Try It This Way
Let's face it...flipping homes or condos for immediate profit is
about as fun as it gets!
It's fast...it's easy...and it's really safe, if you look at
your potential returns versus the small risk you take.
But, like I tell all my clients, flipping should only be ONE
weapon in your real estate arsenal. Right now, with the market
soaring to all-time highs just about everywhere, it's a perfect
time to take advantage of the 'rent to own' market that's
growing faster every day.
Now, I'm by no means suggesting that you become a landlord and
scrape by for the next thirty years on 100 bucks of positive
cash flow each month...that would be a waste of time for several
reasons.
For one, by the time the house is actually paid off, it probably
won't be worth nearly what you think. You see, people like newer
stuff...cars...homes...clothes, etc. And new stuff also will
sell faster than something old.
Yep...that's the way it works.
Now, to tap this kind of market, you would basically need to
renovate the property to match the market's current looks and
trend...that is, if you ever want to come close to selling it
anywhere near the full price.
Doesn't sound like much fun, huh? No, it's not...that's why you
won't see me messing around with that kind of deal.
I wanna see money...and I want to see it fast...not 30
years from now.
So how do you tap this market without doing it the old fashioned
way?
Well, it's easy...you target new homes in nice areas, where the
rents will cover the mortgage, put some cash in your pocket each
month...and leave you with a nice payout in a year or so.
If you are one of the many who just don't have the time to do
all that work, you can get in with a company who will do all
that FOR you.
Seriously...there's an outfit that will find you a new house,
find you a rent-to-own (OWN is the key word here) tenant/buyer,
and even finance the deal for you. All you do is relax...and
collect your check!
I know...I know, it sounds unreal, huh?
Well, see for yourself...take a
look at
http://www.realestatefortunes.com/courses/NPL.htm
Til Next Time,
Lou Vukas
P.S. This opportunity will NOT last long. The company who heads
this can only accept so many new clients - so you better check
this one out before the train leaves town!
Related Articles:
Words of Wisdom...Or Words Of Poison?
Opportunities In Strange Places
Barely Making Ends Meet
Article by
Lou Vukas. Copyright
© 2005. All Rights Reserved.
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