Foreclosure Profits with No Risk

What's the best way to make money in real estate?

That’s a hard question to answer. Generating steady profits depends largely on how much risk you are willing to take, which is usually based on your experience level in the business.

The variety of real estate profit strategies you can learn are many, from buying and holding rental properties, buying and renting properties on a short-term lease-option, buying deals subject to an existing mortgage, to doing a short-sell on a non-performing mortgage, to buying and rehabbing properties.

Each has it's own level of complexities; the common thread through all of the above methods is the assumption of some level of risk either in cash, credit and or time.

The most important desicion you will make in real estate if you are starting out is to narrow in on ONE type of niche. Focus and learn one type of transaction FIRST then move on from there.

If you are just learning the ropes as a new real-estate investor, why not learn to 'find and assign' real-estate deals?

Why is this type of transaction appealing for new real estate investors?

Simply because these types of deals are VERY profitable, involve NO holding costs, and are easy and quick to learn.

This summary below outlines the main reasons 'Finding and Assigning' real estate contracts is a smart option for new investors.

Minimal Start Up Cash :You will not be taking title to any properties so there is never a need for up front cash or any financing on your part. Earnest moneyneeded by you for these types of transactions is about $10.00 per deal.

No Repair Worry: Remember, since you'll never actually physically own the property when you find and assign, rehab and repairs are never an issue. You'll never have to deal with contractors, budgeting repairs, or inspections or permits.

Holding Costs are Never a Worry: Again, since you take no title when you find and assign, you do not worry about payments, property taxes or insurance.

Plenty of Supply and Demand: Foreclosures are at record highs, which means many homeowners (sellers) in the pre-foreclosure stage are being forced to sell their homes or end up in bankruptcy. This alone has created a growing supply of homes that are perfect for the 'find and assign' transaction model. Demand isabundant too. Many seasoned investors do not have the time to source properties, finding and assigning contracts is the conduit that connects buyers to sellers.

Quick Profits: You can easily earn $2,000 to as much as $10,000 in 30 days. Typical time into a transaction is about 6-10 hours.

No License Needed: You are not acting as real estate agent on anyone's behalf; your role is to create and secure a purchase contract with the seller. You will need no special license to do this.

If this sounds interesting to you why not learn to find and assign at your own pace? You can learn the specific techniques of finding and assigning real estate contracts in about a month.

Many do it part time.

Finding and assigning is achievable because it doesn't overwhelm the new investor with every real estate investing option available - there are specific, learnable techniques specific to these types of transactions.

Once learned, you have a powerful, targeted skill set that can easily generate continued cash flow every month.

Article Source: http://www.real-estate-article-directory.com

Leslie Collins has executed hundreds of preforeclosure deals in the last 5 years - which actually helped distressed homeowners as well as generating thousands of dollars in profits. Interested in learning about assigning foreclosure contracts for profit? - Visit: Find and Assign - beginners guide to real estate profits.

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