Getting started in real estate can be scary. There are many different kinds of investments you can make, and every strategy has its pros and cons. How do you know where to start and who to trust? The Wolff Couple is here to make it easier. With their workshops and DVDs, you learn real estate investment strategies that work. They have been alongside real estate guru Ron LeGrand for 15 years, and they have testimonials from thousands of successful real estate investors who used their scripts to make big money. In today’s post, we’ll cover three of the Wolff Couple’s top real estate investment strategies. To learn all the tips and tricks, sign up for a workshop near you today!
Lease Options
What is a lease option?
A lease option is a great deal for any new real estate investor who doesn’t have great credit or the cash for a down payment. A “lease option” deal is a lease with monthly payments and an option to purchase the home at the end of the lease period. In many cases, you and the buyer will agree upon a sale price for the home at the beginning of the lease period. After the lease period ends, you have the option – but not the obligation – to buy the house for that agreed upon price.
Why choose a lease option?
Lease options are a good deal because you are essentially reserving the right to buy the seller’s home. No one else can buy the property during the lease period! You can find a tenant to cover the lease payments and add to your profit, and control the property throughout the lease period without paying a penny. One of the biggest advantages of a lease option deal is that it requires little or no money down, so even if you have the cash flow from other sales to cover a down payment, you can keep it in your pocket!
Subject Tos
What is a “subject to” contract?
A “subject to” deal means you are buying a house subject to the existing mortgage. Often, the homeowners are in a tough situation and want to get out fast. They will sign the property deed over to you in exchange for you taking over their mortgage payments. The seller’s name remains on the mortgage in most cases, but you have full ownership of the property.
Why choose subject tos?
Subject to deals are an excellent opportunity for everyone. The seller is quickly relieved of their mortgage payments and a property they don’t want, and you have a home ready to sell or rent without any personal liability on the mortgage. You are suddenly in the position to sell to someone who might not be able to afford a home otherwise. A potential buyer with bad credit, for example, wouldn’t have to try to apply for their own mortgage. They simply take over the original mortgage payments, which may even have better rates that what are available at the time for sale. You can learn how to make a deal that benefits everyone with help from the Wolff Couple. Explore upcoming real estate workshops or get their new book today!
Pre-Foreclosures
What is a pre-foreclosure?
One of the best options for making money in real estate is a pre-foreclosure sale. When a homeowner falls behind on their mortgage payments, the lender behind their mortgage will eventually take legal action to take back the property. That legal action is foreclosure. Pre-foreclosure is the time between when the owner falls behind on payments and the actual foreclosure auction. You don’t want to wait for the auction, because then the price is set by the lender and bidding is completely open to the public.
Why choose pre-foreclosures?
Pre-foreclosure sales are great for you because the property owner is motivated to sell — they don’t want to face foreclosure. You can help! You can arrange the sale so you take over their mortgage payments and still make a profit, which is a win-win situation for everyone involved. How do you do it? Sign up for a real estate seminar with the Wolff Couple today to learn all their tips and tricks!
Real estate investment can require a lot of money and good credit, but it doesn’t have to if you know what to do! Lease options, subject tos, and pre-foreclosure deals are just three of the real estate investment strategies that require little money down if any at all. With tried-and-true advice from the Wolff Couple, you can learn how to make deals that work and start earning thousands of dollars. Order their investment training DVDs today or sign up for a real estate workshop to get started!
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