This list is by no means complete, since any two or more of these methods can be combined to create other methods. A good course will teach, in detail, all 24, and will also show you how to combine them to create hundreds more. "The Simple Man's Guide to Real Estate" is the only course that does so. Every one of these strategies are simple, simple, simple! So simple, in fact, that most 6th graders can do them. You can start by choosing just one or two methods suited to your situation, then add others as your experience (and bank account) grows. You get them all, up front, in one easy-to-understand course.
The BRRRR Method
- Buy, Rehab, Rent, Refinance & Repeat. This is a powerful strategy to build a substantial portfolio of
income properties to create massive, passive income from ONE SMALL INVESTMENT.
Wholesaling
(Assigning) - fast, easy, no closing or financing required. Great way to get started without cash or credit because you do not buy or sell property -
you sell a CONTRACT to buy a property to someone who wants it more than you do Apartments - multi-family units, if purchased properly, can create passive income
for life. Flipping them can also be very profitable, if done correctly. Lease Option - no cash/credit required. Can be used to buy, or to sublet at a
profit, or both. Because you are leasing, no need for a down payment. Part of your lease payment can be applied to the
purchase price when you exercise your option Master Lease Option - a lease option on an entire apartment complex, providing
potentially huge monthly income and a no cash/credit method of buying Foreclosures - lenders are often forced to unload these at deep discounts, but
there are rules to follow Preforeclosures - many "gurus" confuse foreclosures and preforclosures. Learn how
to profit from the differences, and how to
find them before anyone else, and before they can get on any list Rehabbing - generally the most profitable real estate investment strategy,
but such huge profit comes with risks. Learn how to evaluate rehabs and mitigate the risks Contract For Deed (Land
Contract) - no cash or credit required. Some sellers prefer monthly income to cash-out and will self-finance, for
several reasons. Here's how
to take advantage of it Short Sales - more prevalent in hard times, but can be done even in good times.
If you and the seller
can offer the lender good cause for forgiving part of the mortgage, you can get a huge discount. Find out how Double Escrow - No cash or credit required, legal in all 50 states. But there are
new
caveats to be aware of, and methods to overcome them Probate - everybody dies. When a homeowner passes, the heirs are often in a hurry
to dispose of the property. How
to locate these opportunities and profit from them in ways other gurus often overlook Lease & Sublet - No cash or credit required. Learn how to lease at below market rents, then sublet for more;
or upgrade the property (with owner's permission) to increase the rent you charge Tax Lien Certificates - Unpaid property taxes result in tax liens on the
properties, and a great investment opportunity
for those who know the ins and outs, and which properties to avoid Tax Deed Sales - a lot of the same rules as tax liens except you actually get
ownership of the property at the tax deed sale. Know how to
buy in, and which properties to avoid Equity Sharing (equity participation) - No cash required - you use a portion
of the seller's equity as down payment, he gets the balance from your mortgage (which he co-signs for, as partner)
and both of you share in the equity
from future appreciation. Seller gets his equity back with his share of appreciation typically in 3-5 years when the property is resold or you refi in your name only and pay him off.
If you rent the property out, he shares in that, as well. A special agreement is required Reverse Mortgage - you, too, can offer elders a reverse mortgage that can help
them live their
golden years in greater comfort while building your own net worth Sale & Leasehold - you can sell a property to an investor, and include a
long-term lease to yourself at a
favorable rate. Then sublet, and raise rents with increased appreciation. Long-term income even after selling the property Buy & Rent - no explanation needed - you buy a property, then rent it out.
Triple Net Lease - much like a Master Lease Option, but there are crucial
differences Sweat Option - a great way to start. An option to buy a property that needs work,
and seller
permits you to get the work done in exchange for the down payment. You get in without a lot of cash or credit, and end up with a
property worth more than you paid Rolling Option - large parcels can be sub-divided. A rolling option allows
you to option parcel #1, and when you resell it you roll that
option onto parcel #2 and so on. You get in for much less, and it eliminates the risk of ending up with unsold parcels, since you are not required to buy any lot you are unable to sell. Option - requires very little cash. An option gives you the right but not the obligation to buy. It also gives you
the right to put the property up for re-sale at a higher price, then flip it to your buyer Note Trading - not officially a real estate method, but can be used as
such, so we include it here as method #24. Any note or mortgage held by a private party or non-bank corporation can be
bought and sold. Often available at 30-50% below value.
How to find them, how to buy them, trade them for real estate, and learn which ones to avoid
This wide variety also indicates why you need a good, quality mentor. Only one course - ours - provides mentors who are practicing real estate investors working in the field, and they are always at your disposal at no charge