We had a rough 2009 until we pulled our heads out of the clouds and asked…
“So…Who is Making Money in Real Estate Right Now?”
Is Sam Zell? I’m sure he is, but for the rest of us it’s funny how a simple question can point us in a complete different direction.
Last November when we dug in and really looked at the transactions being successfully closed over a short period of time, we found that FHA loans and cash deals were the ticket. So here’s my short list:
Top 3 Groups Making Money in Real Estate Right Now
You can check out our wholesale site here: www.FortressWholesale.com
2. Auction Bidding Service: a service provided for investors looking to bid on properties at the court house auctions. This is a very intense and fast pace way to purchase properties and if an investor doesn’t know what they’re doing they could get burned in a big way. The “Auction Bidder” as a service, would provide a title report on the property, possible comparable sales, and they would bid correctly at the auction location for you. We have a friend that has been providing this service for years here in Maricopa County and charges roughly $2,000 per winning bid. He is doing roughly 15 a day right now. You do the math. Here’s a video interview below:
3. Fix and Flippers: Purchase a property at a discount, renovate them, and sell them to a first time home buyers. Most of the loans being completed are FHA Loans. This is a very lucrative for investors as the First Time Home Buyers Tax Credit has spurred a buying frenzy.
So if you’re stuck, ask yourself the simple question “who is making money right now?” Then search all the transactions around your area that has closed in the past 60 days. This will give you a real good indication what is being bought and sold.
As they say… ”Find out where the money is flowing and find a way to get in front of the action”
I know this is a short list and I’m sure there are many other groups making money in real estate right now, so if you know of any, your input would be greatly appreciated!
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