6 more ways to make money in real estate
1. Find a tenant that needs space. Find a building to buy. Contract to buy the building, write the lease. Finance based on the credit of the tenant and the cash flow.
2. Buy Veterans Administration homes which can be bought by investors with 5% to 10% down.
3. Get a real estate license. Find a niche with little competition (car washes? Mobile home parks? small multi-family buildings? little strip centers) and excel.
4. Think big. Find a bigger opportunity. Joint venture partners will contribute 95% of the equity required if the deal is a good one and give you much of the upside. It takes as much work to do a big deal as a small one. You do have to bring some expertise to the table to pull this off.
5. Be contrarian. Now that everyone is down on real estate, start thinking about buying it.
6. Look for sale leasebacks: an owner and occupant of a building who wants out but will continue to occupy the building and rent from you.
Tags: making money, real estate
