The Key to Raking in a Fortune With Real Estate Wholesaling - A Dollar and a Dream

How to Make a Massive Fortune in Real Estate, LET ME COUNT THE WAYS! There is an abundant supply of COLD HARD CA$H with your name written on it just waiting to be scooped up by you, but inorder to do so you need to know how to effectively and legally PROFIT using one of the various real estate methods available.

It is frequently suggested that you need to have a real estate license to buy and sell Real Estate, but that is simply not true! The very thought that you need to be a real estate agent is outlandish to say the least. Yes, it is quite true that you require a real esate license to sell and offer to buy properties with a client in the traditional aspect of it, but that is only if you DO NOT have vested interest in the property.

Let me explain, and please keep in mind that there are various tactics, so this is only the description of ONE of the many ways. Always remember that it is always YOUR RIGHT to buy property directly from an owner. It is 100% LEGAL to buy a property and flip it for profits. What most don't realize is that you can actually flip a property or contract on a property before an actual closing. This should be your AHAAAA! moment!!! That little bit of information is the KEY to Unlocking a MASSIVE FORTUNE in the Real Estate "Game"! If you understood the POWER in what I am saying you would be up on your feet SHOUTING some wonderful and marvelous PRAISE!

Get this, because most are still in shock if you realize what I am really saying. If you did not close on the property, what money were you required to bring up front to closing? hmmmm...if you understand me now "holla" :-) . Now maybe this is your Ahaaaa moment, so if the lightbulb has just gone on in your head and your answer was that you had to bring $0.00 to the closing table, my reply to you would be BINGOoooo!!

There is absolutely NO MONEY Needed. Wow, how great is your future, You future Trumpanaire or should we say Billionaire?? lol.. Now let me share with you this, you do have to put down some type of consideration . You must do this inorder to ensure it is 100% LEGAL and you don't get the pants sued off of you because that would obviously defeat the purpose, now wouldn't it? The reason consideration (meaning something of value) is required is that it is against the law to acquire or dispose of real estate without something of value being exchanged for a lawful transfer. Now, don't get worried, because here is the gliche, IT CAN be ANYTHING.. Yes, it can be Your car, your dog, $1,000 or $1.00 and a dream. It DOESN'T MATTER FOLKS! Just something of value. My first deals where all done with $1.00, (NO JOKE!)

Now that you know this let me briefly describe one technique that will bring you in a Fortune. There are too many to list here and time will not allow in this brief hub, so I recommend you CLAIM Your copy of my FREE E-Book, "How to Make $10,000 This Month in Real Estate With No Money or Credit". The method I describe below will be very straightforward and to the point. It will bring you in a fortune in real estate, but the thing is most people will never take action. I am sure you already understand how effective any approach would be with no action, and it is obvious you will receive no money in return. Understand where I am coming from now? If you take action, however, all I have to say is... Move over TRUMP cause the Sky's the Limit!

One Secret that has been hidden for years is the power of "Wholesaling". You can become a wholesaler of real estate with no money, no credit, and no real estate license. What you do is find properties that are heavily discounted. Typically, 30% below market value or more. Where can you find these properties? Well, have you checked the market lately? These properties are all over the place ready to be had. There is literally a flood of properties on the loose and just waiting for You.

So many owners are deep in debt and MUST get rid of their homes before it's foreclosed upon and it ruins their credit, some people have health issues, many are getting a divorce, the reasons just go on and on. You can find the properties on the public mls, your local newspaper, online, through For Sale By Owner Signs and much more. I will be writing a FREE Guide on ways to find these deals so it pays to subscribe to my hub and site.

For now we are just discussing the meat of the deal. So okay, the first step is that you need to find a property substantially discounted and you must put it under contract with the owner. So, essentially you would have negotiated a deal with the property owner that made sense. Say for instance a home is valued at $100,000, but you are able to get it for $70,000. That is considered 70% Loan to Value or also know as 30% below market value.

You can quickly see that there is $30,000 of equity in this property. That means that when you resell it or refinance it you will most likely get $30,000 in Cash to you. Also, this increases your networth by $30,000, how great is that for one deal? That would be stupendous!!! Now the thing is if your looking to buy with your money or credit this would be FABtabUlous, but that is not what we are doing. What you want to do is generate profits not using any of your money or credit.

So here is where the savyness really comes in...Here's the kickER... You now have a contract with an owner to purchase the property at $70,000, which is 30% below market value. What you do now is, get this ..(cause it's real BIG!), you ASSIGN your contract to another investor for an assignment fee before close. Because a purchase agreement can legally be assigned to anyone unless it is clearly written in the contract that the agreement CANNOT be assigned then it is legally an Assignable contract! I myself, am a very transparent person so I ALWAYS include my right to assign my contract within my agreement, but the choice is yours.

Now, here's where the $DoUgh (cha-ching) comes in...When you assign your contract to an investor he pay's you, what is referred to as an assignment fee... I would NEVER EVER take less then $3,000 on an assignment, I just plain and simple won't do it! The only people i could understand doing that are property finders, also known as "Bird-Dogs" because they do nothing but locate the deal and put both parties in contact with each other(Sidebar: You may want to subscribe to my rss now because I am creating a Guide on How to Make Money being a Bird-Dog as well). 

The power is in the negotiation people and the value is in the structure. If you were bold enough, confident enough and savvy enough to negotiate and structure a deal that's going to increase someones networth to "Off the Chain" limits then you are due a fair cut of the proceeds!

When you transfer your assignment over to your investor, you are releasing your self from all liabilities and the investor is taking over your previous responsibility to close the sale. Most investors that purchase property with this amount of equity buy for CASH and can close in just a matter of days, others may need to close on a loan, but typically can close in a decent amount of time. Obviously, the cash buyers are the best because they do not have all of the red tape and headaches that go along with the banks. Depending on the relationship you have established with your investor(s) he may choose to pay you your assignment fee before close, however, a great majority, will cut you your check at close or within 48 hours of closing. What a nice way to make a Killing in Real Estate, eh? How easy was that?

If you think this is something, imagine when you get really good, it could be just a matter of months if you follow all of my free content I give when you subscribe. Imagine, what the power of dupilcation can do! Say you brought in just 8 deals a month (which is a low number might I add). 2 you made $3,000 from, 3 you made $5,000 from, 1 you made $6,000 from and 2 you made $10,000 from. That is a WHOPPING $42,000 ALL ONE MONTH from just finding property, negotiating the deals and flipping YOUR CONTRACTS to other investors. If that is all you do (which isn't much), it is just over a HALF A MILLION Dollars!!! Question: What in the world would you do with all of that?? Could you truly imagine? This is Potent stuff guys! And I would say that the above example is just a little below average!

From what I've seen in my time doing real estate deals is that the average assignment fee is between $3,000-$6,000, but that is not "set in stone". There are many times that your deals will be so mouth watering good that you can seriously negotiate, say $10,000, $50,000 or $100,000+ more in assignment fees. My biggest assignment fee I was able to negotiate was $1,000,000 on a commercial property in Pennsylvania (and I can show U the proof anytime, just ask!), awesome I know :-) , unfortunately the banks took it back from the seller literally Days before close and it was to late for the CA$H investor I found to close the deal. You will always see deals crumble before your very eyes, but as the 'ole adage goes, there are plenty of fish in the sea. The more you fish the more you'll hook, so never be afraid to cast your line because you never know what you'll reel back home. It can be the difference between lack and abundace or the difference between comfortability and generational wealth that gets past down years to come!

One of the biggest things in real is being extremely careful, because if you do not do it correctly and have all of your paperwork in place your deals could easily become someone elses. If all of your ducks are not in a row you can quickly see how cut-throat other so called, "colleagues" can be.  Can I have your permission to keep it "Real?? Well, let me just say that I feel this is the absolute  best business to be in, however, at the same time it can be very..hmmmm..let's put it like this, "always keep your eyes open for NASTY Opposition with no integrity waiting for you on the other side", so treat it like a business and have all the proper paperwork in place. They will not hesitate to go around your back and cut you out of a deal.

There are many other competitors that claim to be as savvy as you and they research the same properties you are and they play no games. If you have the proper paperwork in place you never have to worry about being on the losing end. This is another reason I highly recommend you vote ths hub up ( PLEASE :-) ) and subscribe to all that I offer so that you can get your hands on all of my FREE Guides, Reports, E-Books, and "Cover Your Butt" Contracts. Sign up at www.REIMillions.com and I promise to send you something new and valuable every couple of weeks that will make the difference in your success.

Althea Robinson