Investing in house property is a much safer option that investing in the stock market. There is always a risk factor involved with investing in stocks. While there is risk involved with investing in property also, it is very less when compared to the stock market.
Taking advantage of Markets – First, real estate investors in markets that had a large run up in prices in many cases are hurting now that the appreciation is gone. The savvy investors from these markets are looking outside and they are looking for positive cash flow. Many markets in the interior of the US, especially the South, are not only growing markets but have had depressed prices for quite some time. This is a better angle to look at then for example a rust belt city in the Midwest with a declining population and factories closing up. Look where the economic growth is and the prices have been low. Example: Memphis, Dallas, Little Rock, Atlanta, Birmingham, Montgomery, and others.
Keep a real job. This has really hurt our progress. Lenders are really looking for 3rd party income, even though you could be fired at a moment’s notice.
Flipping houses is work. It takes hard work to find an exceptionally good deal. It takes knowledge of your market. It takes knowledge of rehabbing. It takes knowledge of the house selling process. It requires holding money and it usually takes longer than you thought it would. That 3 month time frame you had in mind will probably be more like 6 months unless you’ve done a lot of fix and flips before.
Usually, there’s a lot of mystery about wholesaling. But it’s pretty easy when you think of it in these terms: You are the middleman. It’s your job to find a seller, put the house under contract and assign a contract to a buyer – nothing else.
There are many people who are going through tough times and want to sell their homes in order to come out of the tight financial position. This throws up an opportunity to you for finding the right real estate invesment.
Another business that abides by this precept is restaurants, since most cities have one or more of what’s come to be called a “restaurant row”. When you go out to eat, sometimes you decide on a special place before you leave. Much of the time though, you will leave the house without having decided on a place to go and just go to the same area every time, your favorite restaurant row.