What would you say if I told you that you can make $500 an hour and I’m going to tell you how to do it at absolutely no charge to you? You would probably think I was either a liar or a fool.
Do you want to know how to turn four hours into $2000? Here’s how it works:
* First hour. Find a residential property that is in foreclosure or pre-foreclosure. You can look in the legal notices of your local newspaper, check the records at your county courthouse, or put an ad in the newspaper like the one I included in my article on Marketing Magic. Finding the right property will be well worth the hour you spend doing it.
* Second hour. Contact the homeowner of that property and set up an appointment for a free, no obligation consultation. When you meet with the owners of the property, be a solution provider who offers hope and a way out of their desperate situation.
* Third hour. Write a contract on the property that gives you the right to purchase it for a set price within 30 days. In the contract, included a clause that allows you to assign your interest in the property to another investor. Have all parties sign the contract.
* Fourth hour. Call another real estate investor with whom you have previously done business, met through your business contacts or Real Estate Investors Association, or otherwise lined up to purchase your contracts. Assign the contract you just wrote to that investor for a fee of $2000. Go to the bank and deposit your check.
Real estate investing does not have to be a long, drawn out process that requires weeks and months of your time to close a single deal. You can actually structure your real estate investment business to make money like this.