Do You Like This Article?
By Paul Esajian What?s the easiest real estate investing strategy for getting started but which can also be the most risky?
If asked, most real estate investors would say that wholesaling is one of the best ways to get started in investing, especially those who are working with limited resources.
However, there is a further variation of wholesaling real estate which is even easier than many realize; assigning contracts.
By simply sticking to assigning or flipping real estate contracts aspiring investors can get started with virtually no cash of their own, can realize the fastest returns on their efforts, enjoy the smallest possible risk if any at all and can get their feet wet and some experience under their belts while building on their real estate education.
The beautiful thing is that assigning contracts doesn?t have to just be a real estate investing strategy for newbies either. It has proven to be easily scalable and to be able to yield quite a significant level of income.
So if it is so hard to lose when flipping real estate contracts why can it also be called one of the most ?risky? ways to invest in real estate?
There are two parts to the risk. The first is for those locking down properties with contracts and this risk is making too much at this level and then never taking the time build on real education or develop other skills and strategies.
However, the real risk is for new investors who are buying these contracts. If you are lucky you?ll have great wholesalers and a team of bird-dogs sourcing properties like this for you around the clock. Unfortunately, new investors frequently get suckered into buying dud deals at local real estate investor meetings. Walk-in without any real estate education and you?ve got a big target on your back. Pay an upfront assignment fee without knowing what you are doing or doing your due diligence and you could easily find you paid thousands of dollars for a contract on a property you can?t finance or is so riddled with issues from leaking septic tanks to giant liens that you?ll never be able to sell the deadweight on. So make sure you do your homework first and hold off paying the assignment fee until closing.
Paul Esajian
Paul Esajian, Co-Founder of FortuneBuilders Inc. and CFO of CT Homes, LLC is one of nation?s premier young real estate investors and speakers. His ideas for building a business have been used to develop CT Homes into the premier real estate solutions company in Connecticut and the New England area which resulted in him and his team being featured on a flipping houses reality show.
Source: http://www.fortunebuilders.com/real-estate-articles/easiest-risky-real-estate-investing-strategy/
marco scutaro betty white ed reed football schedule jo paterno dead south carolina tuskegee airmen
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.