Saturday, April 26, 2008

Make Money in Real Estate

On the late-night infomercials, there is always a constant parade of real estate gurus telling rather gullible insomniacs about the easy ways to make money in real estate.

If they’re presentations weren’t so irresistible, one might actually know better than to buy their pitches.

Buying and selling cash flow notes? Nope, that’s not one of the easy ways to make money. You have to be kidding.

“Quick turning” real estate? No, that’s not one of the easy ways to make money either. Way too much work.

How about “No Money Down”… Is that one of the easy ways to make money in real estate? Probably not today.

What about “Tax Lien Certificates”? Is that one of the easy ways to make money that will put money in someone’s pocket? Maybe, but definitely not yours.

But the question is: Are there really any easy ways to make money in real estate available?

Yes, there are.

Here’s one idea which you could run with: And actually, it’s one you can make a lot of money with too. Potentially hundreds of thousands of dollars. Maybe even millions. Seriously.

What’s the strategy? In a nutshell, the strategy is to locate attractive real estate for commercial real estate investors to purchase. (No, this is not about those “Investor’s Apprentice Wanted” signs that are popping up everywhere. And you don’t need to be a real estate agent to do it, either.)

Here’s the key that makes this strategy work: There’s an interesting quirk in a commercial real estate investor. Investors would rather have deals come to them rather than them going out and finding these properties themselves. They’d rather focus on what they do best, which is to negotiate the deal and get the financing structured.

That’s what gets them excited.

And investors would rather do this all day long. Especially the successful ones who have the credit and capital to be able to jump on every deal you send their way.

The best part is YOU don’t need any capital, or credit, or even experience yourself. You don’t even have to buy or sell any real estate to be successful. It’s truly one of the easy ways to make money. A lot of money.

To get this strategy going, here are the basics—there are three steps to success:

First, go out and find a commercial real estate investor that is receptive to paying you a generous amount of money for finding a deal. The smarter ones will actually make you a partner and give you a meaningful percentage of the profits when the property is sold.

Here’s the key: Focus on working with aggressive investors, the ones who are working to build a real estate empire. They’ll be most receptive to your offer.

Once you have an investor or two lined up, then sit down with them and have them describe in detail the types of real estate opportunities they are looking for. This is critical to your success.

Because instead of having the process be one of “finding a needle in a haystack”, it becomes a process of “picking the low hanging fruit”. This is one of the easy ways to make money – while making the process infinitely easier and simpler.

Here’s the secret, and it qualifies as making the strategy one of the easy ways to make money: Did you know you can find properties that match your investor’s criteria on the Internet?

There are literally dozens, if not hundreds of databases online which one can access. Most of them are free. Some have a premium service where they’ll notify when a property is entered that meets the criteria you are looking for.

That’s the strategy in a nutshell. Yes, there are easy ways to make money in real estate. And finding properties for commercial real estate investors is one of the best of them.