Investors buy property to make money. But what if you do not have enough cash or credit to purchase even a small single family home?
You can still profit from property investment by finding real estate activities that bring in temporary income.
While these jobs are not meant to give you the financial freedom you’ve been longing for, they can generate short-term, quick profits for you so you can start your own real estate business.
Property Profiling
Also called bird-dogging, property profiling is a popular way to get started in real estate investing. A bird-dog searches for good investment opportunities from motivated sellers while also collecting the names of individuals or companies who want to buy well-priced properties.
You can present the property you located to a potential buyer or put the property under contract with the sole intent of assigning it to a rehabber to repair and resell.
Through property profiling, you can make a couple hundred dollars on each piece of real estate that an investor buys from you without having to purchase the property yourself. You also get the opportunity to learn from investors who are already buying and selling houses successfully.
Foreclosures
Foreclosures are highly lucrative. You can earn around 10 times more than that of a property profiler if you have the time and knowledge required to actively pursue foreclosure deals.
Unfortunately, finding foreclosure deals is much more difficult now due to the huge number of people looking for them.
Tax Lien Certificates
If you have some money to invest, tax lien certificates are one of the safest investments you can get into with around 15% in return with almost no downside.
Tax lien certificates are short-term, quick-turn profit generators that take skill and talent to make the maximum profits.
Short Sales
A lot of money can be made through short sales but knowledge level and timing are extremely important to succeed in this job.
In a short sale, the seller strikes a deal with the lender to accept a price that’s less than the amount they owe on the property. As a result, the seller doesn’t have to go through a foreclosure, you pick up a property at a discount, and the lender avoids taking on the burden of unloading the property.
You can launch a successful career in real estate by starting out with a variety of real estate investing jobs that require minimal, if not zero, cash out. The most important investment you will have to put in is time and knowledge. Take real estate investment courses such as those offered by the Rock Bottom Blueprint to improve your education and skills. Once the big checks start coming in, you can begin moving on to big-money real estate investing and finally enjoy the financially independent lifestyle you deserve.
