If youre dreaming of making money in real estate, its time to stop dreaming
and get to work, because making money in real estate isnt just a vague
pipedream. It can be done, even by a young and inexperienced person, when you
learn how to “flip” houses.
A friend of mine, well call her Tai, made a fortune in real estate,
beginning at the age of twenty, with no help from anyone else. Heres how she
did it:
Tai began by buying a HUD repo, which allowed her to get into the house for
no money down. Then she fixed it up and sold it herself. At closing, she had
made enough profit to by a second fixer-upper, but this time, she paid all cash.
Tai went right to work fixing her second house, and when she sold that one, she
collected profit of $44,000, which allowed her to pay cash for her third
house!
By now, Tai was comfortable with her formula, and within a short time, she
had flipped her third house, realizing enough profit to pay cash for yet another
house, as well as being able to buy the custom pickup of her dreams. And all of
this had happened in the span of just nine months!
Tai’s formula was simple. She located houses that needed only cosmetic work,
avoiding those that required structural repairs. She did all the painting
herself, inside and out, and updated the homes lighting, plumbing fixtures, and
carpeting. Once renovations had been completed, all three houses sold quickly,
and at a significant profit.
Its the most tried-and-true way to make a fortune in real estate, so dont
listen to anyone who tries to tell you that it cant be done or that you need to
have a great deal of start-up money. Thats not true. You can buy houses with no
money down through various loan programs, and sellers will often help you with
the closing costs.
I know what Im talking about! My husband and I bought our 27th house earlier
this year, for no money down, and we expect to make a profit of at least
$100,000 for just one month of hard work!
But we take the process a step further, making our houses outshine the
competition by also using Design Psychology, although our buyers never know
that. All they know is that they feel good when theyre in our homes, which
makes them want to buy them, even if theyre more expensive than the house next
door.
Theres no other business that can make you as much money, with as little
start-up cost, in as short a time, as investing in real estate. In fact, more
millionaires made their fortunes in real estate than in any other business. And
you can do it, too. You just have to stop dreaming and get started.
