Yes you can. As an active investor I come across allot of wholesale deals. But as my experience piled on I have been able to locate some very cheap real estate with room to grow, and existing profit making abilities.

To give you an example I recently found a 2 bedroom, 1 bathroom, 2 story house for sale with an asking price of $12,000. That is not a typo. It is twelve thousand dollars, and the owner is willing to accept a note with a $1,000 down payment and $250 per month for the balance. The property needs approximately $3,000 worth of repairs in order to become rent-able and should be able to bring in a $500 per month rent.

I am just passing up deals like this because now-a-days I would rather not be the capital investment man. I work with financial investment partners for deals like this. The problem is that investors are afraid of the real estate market. The fact is that when you buy with very little upfront investment then it is easier to recoup your investment in shorter time, and once you do the roi is infinate!

If there are any investors out there who may be interested simply contact us and let us know.

Tags: cheap real estate, existing profit, financial investment, investment, little upfront investment, Real Estate, real estate market, wholesale deals
Posted in Creative Financing, Real Estate |

This entry was posted on Thursday, March 26th, 2009 at 3:09 pm and is filed under Creative Financing, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.