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Real Estate Investing – How to Flip Houses for Quick Cash

Have you seen the show flip this house? What they do is buy and property for pennies on the dollar, fix the property up and then resell the house and make 20 thousand or more. This is a great strategy if you have the money and don’t mind waiting around 3 months to get your property sold. I want to talk to you today about a strategy where you can make five thousand or more in less than 30 days and more importantly with less than 8 hours of work.

So what is the magical strategy? If you guessed wholesaling real estate than you are correct. Wholesaling houses is the best house flipping method around and the quickest method to produce cash in real estate investing. The best part is that you can do this with little or no money of your own.

So how do you wholesale or flip houses for quick cash?

1) Find a cheap house

With the current state of the economy and real estate market this is no shortage of motivated sellers out there. A seller can be motivated because of financial troubles, foreclosure, bad tenants, inherited an unwanted property, divorce and so on.

What I do is send all of these people a letter telling them how I can possibly help them. You can also find endless leads online with a nice fully optimized web site.

2) Negotiate and sign a contract

Because motivated sellers just want to sell fast and put their problems behind then, you really have lots of room to negotiate if there is equity in a deal.

Once you have negotiated a price, ran some numbers to make sure the property is a good deal you can put the property under contract. Contracts are very simple to fill out but can be confusing at first. Ask a local realtor to show you how to fill one out.

3) Find you Investor Buyer

When dealing with investors you want to work with cash buyers. Cash buyers are investors who can close on a wholesale deal with cash, and not have to go to the bank and get a loan. Closing on real estate with all cash makes the process run a lot smoother and goes quickly.

Where do you find cash buyers? Check your local real estate investors association, foreclosure auctions and networking events.

Believe me there and more cash buyers out there than you think, you just need to find them.

4) Assign you Contract

Once you have found a cash buyer you will want to assign your contract to this buyer. All you need to do is have an assignment form, fill out the form, put in your wholesale fee, and then sign it.

An assignment of contract simply assigns your right to buy the property to someone else and then you are not liable for the property.

5) Start your title work

Some people say that you should start the title work right when you put the house under contract but I like to have a buyer first, that way to can take the contract, assignment and everything to the title company together. And because you will not always find a buyer for every deal you will sometimes have to cancel your contract. If you have started title work you may have to pay for what they have done.

The title company will do everything that needs to be done from this point on, they will set up the closing and make sure the funds are in place.

6) Collect your Check

All you do now is sit back and wait for your check. Wholesaling real estate is not as hard as you thought. Sometimes you will want to check in with your buyer and seller to make sure everyone is happy.

What else should you know about flipping houses?

Flipping houses is not as hard as you would think; all it takes is a little bit of time to educate yourself and to market your business. Right now wholesaling real estate is the best house flipping strategy to use.

Five Reasons the Economy is Fantastic For Small Business

1. Corporate Downsizing by large multi-national companies. If you are a small company, this is the best time to pursue talent within your industry who have great contacts, experience, and competitive intelligence. Many well networked professionals who may have been unaffordable in the past are now looking beyond the corporate giants to entrepreneurial small businesses. Those with decent severance packages in hand can justify taking a salary cut and investing in your company’s growth plan and potential.

2. Large companies reducing staff run the risk of diminishing service quality to their clients. Reduced staff and fewer resources could mean that existing clients accustomed to premium service might be disappointed to learn that the representatives whom they always dealt with are gone. It’s a great time to pursue these clients who might now consider moving their business to your small business and deal directly with the owner.

3. Public support. In this era of corporate bailouts, outlandish corporate salaries and rollercoaster stock dips, the strength of small business and a customer’s access to the actual business owner is comforting to the public and consumer market. The public has far more trust in the mom and pop shop businesses than the corporate giants responsible for the plummeting stock market.

4. Small business is nimble and reactive. Corporate giants have thrown down their anchors in their attempts to ride the economic storm. Millions of “No More Spending Memos” have been sent across North America, corporate layoffs, salary rollback, no more travel, no more client lunches, dinners etc… Large corporations are making it harder for their sales staff to close new business. Small business can strategically target key clients traditionally held by the corporate giants. Small business can react and create innovative approaches, incentivise their sales reps to travel the red-eye and take advantage of every opportunity available to close new deals.

5. Global Thinking. Small business can initiate and launch into new markets, globally, where consumer markets want or need their products. Large corporations require significant re-structuring, re-tooling and significant capital to pursue new markets. Small business can decide tomorrow if they want to expand globally. No red tape required, small business comes with the freedom to hire an agent or a representative in China or India to sell their products via agent agreement and become international overnight.

So let the newspapers continue to grow their businesses and sell newspapers with negative stories of rampant layoffs, restructurings, large business contract cancellations and the decline of the corporate giants. It is all good news for small business.

Invest In Pure Water Products To Remove Drinking Water Contamination

You may have never actually given it much thought, but it would be a good idea for you to invest in pure water products to remove drinking water contamination in your home. You might not have even realized that you had a serious problem with contaminants in your water, but I guarantee that if you were to test your water you would find an assortment of contaminants present.

We would all like to think that the water we are being supplied is safe for us to drink, whether it comes from a treatment facility or we are drawing our water from a private well. The truth is that neither of these sources is safe from contamination. The groundwater system is simply teeming with chemical, pharmaceutical, and microbial contaminants, and there are toxic heavy metals present.

People drawing well water generally don’t feel the need for pure water products, because they live outside industrialized areas. What they don’t realize is that contamination from leaking septic tanks, farm runoff, and even landfill sites miles away can affect the quality of their water. One never knows what hazardous substances have managed to infiltrate their well water.

Those of us that pay for a water authority to supply us with clean drinking water would like to think that we are receiving mostly purified water, but this is not the case. The water treatment facilities do very little to cleanse your water. Generally, all they do is remove noticeable particulates from the water, treat to reduce discoloration, and add a disinfectant to eliminate bacteria and parasites.

The fact is that these facilities cannot even eliminate all of the parasites present in your water, as there are some parasites called cysts that are resistant to chloramine disinfection. On that note, I should mention that the chlorine and other chloramines that are used to disinfect your water are carcinogens. Some people invest in pure water products simply to reduce the risk posed by these disinfectant chemicals alone.

Of course, chloramines are not the only cancer causing chemicals present in the drinking water system. There are 2,100 carcinogenic chemicals present in our groundwater system in all, and more than 70,000 toxic substances have been identified. These substances become diluted to the point where they are of a lighter molecular weight than water, so it is impossible for them to be filtered out using the tools the water treatment facilities currently have.

Bottled drinking water is not a viable alternative to installing pure water products in your home, as bottled water products are actually allowed to have higher levels of contaminants than public drinking water is. More often than not you are purchasing bottled tap water when you buy these products. This water has simply been filtered to improve taste, and reduce odor.

The only way to guarantee the purity of your drinking water is to install pure water products featuring activated granular carbon, a sub micron filter, and ion exchange on your tap at home.

This will reduce your contaminant levels by up to 99.99%, which is as close to perfect as is scientifically possible at this point.

It is time for you to give water purity some very serious thought.