I had a pretty good December. I closed on about 2 million dollars worth of real estate. January is also looking pretty good. I have 2 closings next week and I locked up an additional 4 deals on Friday. One is an assignment of contract ($75,000 profit), one is a flip ($15,000 profit-90% chance I already have a buyer), one is a buy and hold (I already have a renter) and one is a potential flip, assignment, or buy and hold (I haven't decided yet).
Radical cheap: $1,000 homes
Les Christie, CNNMoney.com staff writer
Thursday January 8, 2009, 12:31 pm EST
The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.
There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit. All of these communities have been hit hard by foreclosures, and most of these homes are being sold by the lenders that repossessed them.
About a year ago I won Deans first contest as his top real estate investing student in 2007. The grand prize of the contest was this awesome ski trip in Utah where everything was paid for. Part of the contest was an opportunity to sit down with Dean for dinner. To be honest with you I really wasn't that excited about going skiing, I just wanted some of Deans time to discuss real estate investing. Skiing in the top resort in America is probably alright but, for me, I get excited about real estate investing.
7 Steps To $7 K In 7 Days
By: Charles P.
Submitted: 08:46AM on Wednesday 27 August 2008
Real estate wholesaling is a great way to make cash quickly and easily. In fact, virtual wholesaling, allows you to use the power of the internet to generate quick cash in as little as seven days.
Following, we will give you a step by step breakdown, on how you can make $7,000 in 7 days.
Never has it been easier to make money in real estate than in 2008....that is until 2009 came along. The first part of 2009 will be different than the last part of 2009...much different. For the first few months of 2009 (4-6 months) the interest rates will be rock bottom. The government is trying to stimulate the economy by lowering interest rates. Here is the problem with that tactic. The lower the interest rates the higher inflation will run. To slow inflation down the interest rates have to rise. That rise will start sometime between April and July of 2009. What does that mean for you?
If you missed 60 Minutes Sunday night check out the news about the next wave of foreclosures.