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July 24, 2007I was going to wait to talk about this when we published the printed newsletter in a couple of weeks but decided to talk about it today. This strategy works in every market and allows you to start earning money in real estate immediately.
This strategy is NOT wealth building, it provide current income and I know many people that are making very good money using this strategy. The strategy is NOT new, has been around for a while but works well and I have used it myself to jump start my real estate business. The strategy is called Wholesaling.
A wholesaler is a investment shopper for another real estate investor. The idea is that the wholesaler find a great deal, puts a $500 deposit on the deal and assigns the deal to another investor for a price. For example, two of my students sold a wholesale deal for $22k so they split $11k.
This strategy is easy to execute if you know or belong to a real estate investment groups.
Here are the steps in a nutshell
- Find a few investors that don’t have the time to find deals
- Based on what their investment needs are, find deals that meet what they want.
- Get the deals under contract
- Create an assignment contract
- Sell the deal to the new investor & collect your check
Thats all there is to it, it isn’t difficult and many RE investment gurus teach and use this strategy. Of course in the printed newsletter over the next few months we will explain this strategy in detail but these are the basic steps.
Not only will we talk about Real Estate Investing 101 in the first monthly edition but we will also talk about the following;
- How to start a service business - service businesses are often the least expensive to start because you make yourself the expert. We will talk about how to start a service business and how to make your self the expert in your niche
- How to find your first customers - using both online and offline techniques, you will be able to find customers for your service business
- How to develop a wealth ethic - thinking about how to create assets that throw off cashflow that will allow you to leave your JOB
- much much more.
I can’t tell you how excited I am becasue not only are we starting next month with all of this very useful information we will also be allow ALL subscribers to benefit from the success of the Black Genius Newsletter by becoming an affiliate after they subscribe. That right, if you subscribe you can promote the Black genius Newsletter online, in your social groups and churches and earn income to pay for your subscription and more.
So, subscribe now and get the best of Black Genius
To your success
Dwight
P.S. Remember, everyone that is registered by July 30 2007 will receive the first edition of the newletter absolutely free so subscribe NOW
1 person has left a comment
Great Blog. I am a successful real estate investor already. However, when all my money was tied up rehabbing properties, I used the wholesaling method to cover my current expenses and get me through the month without even thinking about going back to a job.