Monday, July 03, 2006

Want To Earn Thousands Fast? It's Common In Real Estate Investing

By: Jackie Lange

I'm constantly seeing business opportunities that promise you can earn thousands in very little time. That's probably true for some of their members, but I'll bet more than a few people reading this article have joined these programs and earned little if anything.

I wouldn't be surprised if the average member spends hundreds while earning under $100. Sure, the hype is exciting and it's fun to be told you'll be a millionaire, but in reality, usually only the founders get rich.

Real estate investing is an altogether different kind of business. People just like you and me buy and sell properties and earn tens of thousands of dollars, often within just a few days of getting into the business.

I worked with a teenager who earned almost 12,000 in just over one week. And that's not a fluke. We regularly see people jump into real estate investing and earn big checks. Last year, my organization that helps people buy and sell houses did more than $58 MILLION in business.

How can we earn so much money? It's relatively easy if you know how. You simply find owners who are highly motivated to sell, buy their property (with other people's money), then sell at a higher price and keep the change. Often that change is $10,000, $20,000, $30,000...and more!

Keep in mind I said it's easy IF you know how. But learning how to be a successful real estate investor can be an uphill climb. This problem is mostly due to all the BAD information that is out there. There are alleged real estate gurus who constantly dispense bad advice. The average person getting into real estate is so confused they can't make any money. Most get discouraged and give up.

Here are the basics you need to know to succeed:

1. You don't need much money to get started. There a lots of sources who will give you the money you need to buy houses and other properties.

2. There are some tried and true methods to uncover sellers who will literally beg you to take their house. For various reasons, they need to get out from under their home fast. You can often buy these homes for pennies on the dollar, giving you plenty of opportunity to sell the property at a much higher market value. That translates into BIG profits for you.

3. Of course, realtors will view you as competition, but not if you know how to enlist their help. You can easily have realtors all over your area working with you to help you find more and better deals.

4. A LOT of money is changing hands, so you'll need professional contracts that keep you out of trouble and keep your customers happy. Not to worry--there are standardized contracts you can use that cover all the bases. You'll also need to organize and structure your business like any other, and there are very smart ways to do that, while maximizing your profits and minimizing risk.

Above all, don't be afraid to get into real estate investing. I've known thousands of every day people who have succeeded admirably in this industry. Get the information you need, then get started making money.

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