We know the market has hit some difficulties. We also know the subprime market has basically crashed. What does this mean to you?

You have more houses to purchase and more people who can be willing, qualified tenants for you. Even if you do not have money or credit you can do lease options now.

Because of the number of people who could have gotten loans 10 months the number of lease optioners has gone way up. Consider having buyers / optioners now even before you had a property. Then think of the number of homes that you can tie up. This market is great.

Primarily, there are three types of deals that real estate investors look for: equity, cash flow and/or owner financing. In this article, I will be covering equity deals.

The idea of buying real estate deals based on equity is simple: you are buying houses for a lower price than they are worth. A very simple example would be if you had a $100,000 house, you might buy it for $70,000.

The first thing I explain to people just starting out in real estate is that they must find a reason why they would want to go to the trouble to buy, fix, and rent out real estate. I mean, it seems like a lot of work!

Are you trying to establish business credit? Do you already have an LLC or Corporation? Go to DUNS AND BRADSTREET and request a DB number. It's free. Also keep in mind that you may get a call from D&B asking you what you plan on using the number for. Basically they are trying to sell you something you don't need to pay for. Don't give them any money. The secret is to tell them that you plan to use the D&B number for doing contracts with the government.Once you tell them that they will no longer try and get money from you.

Hey guys,

I just wanted to say I closed on my second investment property this morning! I invest from out of state in a place I have never even visited! I worked to put together a team via phone, e-mail, fax and now I have a great team who are my eyes and do all the running around for me.