How do you make money in real Estate?

I want to make money in real estate and dont know how to can someone help me

You don't right now....the market is horrible!

There is a tremendous amount of opportunity in the market right this very second and will be for the next two to three years until the real estate market corrects itself.

There are a ton of foreclosures for sale unfortunately because a lot of people lost their shirts with these Adjustable Arm Rates. But for the investor it is a buyers market contrary to popular believe. The best way to take advantage of this market is to buy a couple of these foreclosures and fix them up and rent them for two or three years and when the market corects itself again it will become a sellers market and you can make some nice returns on your investmnets.

Here are two of the best resources to find foreclosures in your area. ( www.fanniemae.com ) and ( www.ocwen.com ). Here you will find the biggest amount of properties in the market.

The other places are your local foreclosure real estate agents. Call the real estate offices and ask them who handles the foreclosures in their office.

You can buy properties from 20 to 50% off market values because the banks have to unload these properties because they will get shut down by the government because they are not in the business to hold properties they're in the business of loaning money. This is federal law.

And don't be affraid to offer 20% or less of market value for a property because remember you will have to do some fixing up in most cases. The best way to get these discounts is to take a detail list of all of the items that need to be replaced and fixed and give it to the agent doing the sale and tell him to put in with the offer. Don't listen to the agent telling you the bank will not accept the offer because he will be surprised as well. Enjoy the ride !!!

Another resource is that has properties that are fixer uppers is ( www.rehablist.com ).

But make sure you due your due dilligence and market analysis on all your properties. Like finding out what they will be worth after you fix them up before you even purchase. A real estate agent can help get the comparable prices for these properties.

What ever you do do not buy a pretty looking property in a bad area, it's not a good deal !!! Buy an ugly property in a nice area, get the point. Always get a good inspection and when shopping for an inspector ask if they would give you a detail list of everything that is wrong and how much it would cost to replace. I found the best inspectors are former contractors or former builders they know their stuff.

If you need somebody to fund your investments just go to this link :

http://www.lendinguniverse.com/af/myfundingnow.htm

Here you will find everything you need from A - Z of your investment to include contractors, appraisers, inspectors and a variety of fundings available to investors like yourself.

I hope this sheds some light on real estate investing. There is a lot more to cover on this topic but I hope this helps.

This Is A Buyers Market !!!

Good Luck
Professional Real Estate Investor

Start with residential multi family (duplexes, triplexes, and quads). Buy a property that is the best in terms of price related to rental income. If you are selective and put enough down, your rent should be more than your expenses and mortgage payments. More $ comes in than goes out. Start small, and go for the absolute best deal. Look in loopnet.com. It requires a login, but the basic acount is free.

I recently got licensed. I am a part time Realtor with a decent paying day job. I have been licensed for about a month or two and have just got my first listing. I also have two appts tomorrow, with somebody I have met with before and wants to meet again with my broker and myself. The other is somebody whom I have had a few telephone and wants to meet with me. Being part time can be a draw back, I work for a good office and am pre-pared to pay other agents as referrals for any help needed to provide my clients with the service they deserve.

I have no expectation of making much money for the next year or two. I am aggressive and have sales experience. My plan is just to market/advertise myself heavily for the next 2 years. I live in a small but quickly growing small community were word of mouth travels quickly but trust is hard to earn.

I also have a couple rental properties and about 20 acres I can build on. I share the same philosophy as yyyyy above has. At this point I could probably make about 20%-30% on building. New homes still can move quickly out here but I am not prepared to take on that risk at this point. Again my area is rural and it doesn't take much to "flood" the market.

Basically you have to be an enterpurneur, not need a pay cheek for a while, good credit, persistance, talent and guts.

You would be better off to raise goats right now as the market is full of empty houses and no one has money to buy them. Just keeping it real..Check out what is going on on Wall Street and you'll get all your answers there.

Become a loan officer or Real Estate Agent or both (if state allowed). I am taking loan officer training now because real estate is a field I love. You can also become an investor but, I would advise taking training in one or both occupations mentioned above knowledge of your state laws can be an asset. Even in the existing voilatile market I know loan officers that are still making money and lots of it.

Good luck to you

you buy some piece of property that you believe is a good property in a desirable area

you get some financing and either live there OR rent it out OR improve the property

then after some amount of time (this could literally be minutes or years or anything between depending on the circumstances) you sell the property and you take the mney which is your profit and

reinvest it by buying more real estate

then repeat

because you put $$$ down for down payment but then finance the rest of the purchase price, you can make a lot of $$$ if you purchase wisely (or luckily) for example say you buy something worth $100,000 but only put $5000 down, if the property goes up 10% that is 10,000 which is actually 200% of your investment

the people that whom ur selling the house for will pay you

compare income vs expense.expense like interest,insurance taxes and upkeep.Remember real estate needs to make money now and money later.

Well my Cousin Vinie says to buy some slum property real cheap, force out the current tennants, (baseball bats work really good), then torch the place for the insurance money. That's about the only way you are gonna make money in real estate in today's declining market.

The only way to make money in this market is to buy and sell for other people.
So basically by being a real estate agent and thatâ€™s tough right now too, plus everyone would hate you. I hear that real estate agents are now ranked below used car salesman. ouch!

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