These people have ready sources of cash and form a valuable addition to your buyers list. Once you email your deals to your buyers list, chances are you will find a buyer quickly.
Another decision is what house or unit to buy. Would it be old or new? Houses and units usually are the best offers for landlords. They are easier to rent out and to maintain and if things go wrong in the property, the expense is shared by other owners.
These are all quick and easy ways to increase the value of a property. They require very little upfront investment, allowing you to squeeze the most profit out of every investment. The main thing to remember is that a home needs to look like a home. If people can’t picture themselves and their family living in the home, they aren’t likely to buy it.
Get the deed. Since they’re just letting the property go, ask if they’d sign the deed over to you. Offer them 0 to take the time to sign over the deed to you. And that’s it – they’ll say yes most of the time, and that’s it – you’ve just learned the secret technique to buy houses for back tax for 0.
It is important to note that an agent has one commodity to sell and that is not houses but their time. I discovered this early while property investing. If a real estate agent has only 8 or 9 hours in the day, they want to get the best return on their time. So it is up to the investor to make it easy for the agent to make their money. Of course an agent will say they work for the seller, but the agents also have wives and kids sitting at home to feed. While the agent may say they’re working for the seller, quite often they’re working for themselves and you have to harness the agent’s desire to make a sale and use it for yourself to get-not steal-but secure a discount to purchase the property.
Finding the right property is crucial. You want to find a property that will give you cash in your pocket each week whilst also growing at an above market rate. An increase in market value can allow you to either realise this gain by selling or refinancing your loan to unlock the equity to use for further investing.
Jane’s story, and the multitude of stories like hers, is exactly why I created The Zen Investor. I wanted to help other investors – both beginners and pros – take advantage of my hard-earned property investment experience, my wisdom and passion for real estate. To locate properties which offer fantastic value, ease of entry, stability, and very strong cash flow. Add to this a pre-arranged management system and voila! You have a Zen investment, a problem free and a passive income stream that would even please the Buddha! Remember, investing is supposed to be fun and exciting as we build up our wealth, investing in additional properties increasing our portfolios and cash flow. Unfortunately for Jane this will not be the case.
One of the things I’ve been working on recently is bringing in more money. As a stay-at-home mother who doesn’t enjoy having to ask my partner for money every time I need something I’ve been trying several different ways to make money from home but unfortunately nothing worked. After several years of this I decided I needed help and enrolled in a coaching course to help me release sabotage.