While there are numerous ways to purchase a property today, creative and out-of-the-box financing allows investors to earn higher profits and out-bid their competitors. One of these methods is called “subject to” real estate investing.
Continue reading to find out everything you need to know about subject to real estate investing and how you can use it to your advantage in 2023 and beyond.
You have a great deal under contract, now it’s time to market the deal to your cash buyers list. Before sending out to your cash buyers, you need to determine your assignment fee markup. How much can you make on this deal with still leaving plenty of meat on the bone for your buyer?
Ever since the verdict of defamation trial, everyone wants to know ‘Amber Heard net worth’. Amber Heard is known for her roles in television and movies but recently started to gain even more attention from her defamation trial with actor and ex-husband Johnny Depp.
Amber’s day in court was short-lived; she was forced to cough up over $10 million when the jury decided that Heard was guilty of defamation.
House flipping is a popular real estate investing strategy that involves a developer purchasing a distressed property and renovating it before putting it back on the market for sale. The idea behind house flipping is that developers can buy distressed properties under market value, fix them up, then sell them for a profit.
I vividly remember reading one of Jerry Norton’s first books, How to Make a Million Dollars a Year Flipping Houses. That was really the gateway for me. Shortly after digesting the pages of that book I took action. Jerry Norton’s Flipster and Flipping Mastery education were also big influences for me. It’s no surprise Jerry Norton’s net worth is what it is today after all of his successes as a real estate investor and coach.
You’ve got a contract, now what? If you locked up a great deal, this part should be easy. If you are running a wholesaling business, not every deal will be a slam dunk. That is why it is critical to have large list of cash buyers at your disposal. It only takes one good buyer to move a deal. The larger your list, the better your odds!
If you already have a few investor connections, it might not be a bad idea to contact them first. Let me know about your deal and see if they are interested. Better yet, if you know any good wholesalers in your area, it might be best to have them market your first couple of deals. Partnering up and JV’ing deals is how I got started wholesaling.
I wrote this Flipster review because finding distressed properties before other investors is key to the success of any real estate investor or wholesaler. With so much competition in the market, you must have an advantage over other sellers who are targeting the same properties as you are.
That’s where Flipster comes in. It’s a paid platform ideal for real estate investors and wholesalers who want to buy homes for cheap and then flip them after remodeling. The software can help house flippers locate the best properties before they hit the market.
If you are a real estate investor or wholesaler, transactional funding can be useful to turn a quick profit. Transactional funding is a short term loan provided by a hard money or private money lender. When I say short term, I mean these loans are usually paid back within a week, sometimes even the same day.
Transactional funding is also known as flash funding or same-day funding. The most common scenario is when a real estate professional finds a great deal and can turn a quick profit. Instead of a traditional wholesale deal with an assignment contract, transactional funding allows the investor to close on the property and then quickly re-sell it to another end buyer for a profit. Usually a cash buyer. This type of transaction is also known as a double close.
If you plan on scaling a wholesaling business, you will have to back out of deals. This is the reality. Hopefully you can find a buyer and close 90% of your contracts. Those are pretty good numbers. My business closes 88% of the deals we put under contract.