5 TIPS FOR MAKING MONEY FROM REAL ESTATE BUSINESS
Real estate creates more wealth than any other sector, but people are still cynical about the fray. Most believe they need some kind of capital to begin, but this isn’t always the case.
You can gain money from a property, even if you’re just starting if you know what you are doing.
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Below are 5 tips for making money from the real estate business:
1. Lease options
Leasing options can be an excellent way to engage with real estate without having to invest a lot or even get a big credit at the beginning. You lease an option to purchase. This works well when you go up on the property market, so you create a pre-set market value of the property that you can buy later.
2. Short sales
Short sales happen when the new homeowner is back on his mortgage, but the house is still not forfeited. To that end, both parties must accept the sale as the property is sold out for less than the current mortgages are owed. This can be a great chance, without investing in long renovations, to make rapid profits. Short …