How To Make Quick Real-Estate Money With No Money Up Front

DO YOU WANT TO MAKE MONEY IN REAL ESTATE without any down payment, no monthly mortgage payments, no maintanaince of the property, and without a long-term responsibility for the property?You can. Here's how:

1. Use an option contract with a 6-month to 18-month life to control the property while you put it up for sale

2. Write your option contract so the seller continues to make monthly mortgage payments, collects any rents due, and continues to maintain (paint, repair, etc) the property while you enjoy the right to sell it

3. Advertise the property for sale in places where ot has the greatest change for a fast sale. You'll find that the Sunday papers, weekly papers, and some special newspapers aimed at lawyers, doctors, dentists, etc. are good outlets for your ads to sell the property

4. Remember that NO license of any kind is needed by yourself or your partners when you use an option to control property for the purpose of selling it



TO SEE HOW YOU CAN USE AN OPTION TO MAKE MONEY in real estate today, let's use a real-life example from today's real-estate market:

* A 2-family houses is offered for sale at a price of $200,000 by a seller who wants to move to another area of the country

* You look over the house and feel that it can be sold for $225,000, if properly marketed

* You ask the seller for an 18-month option on the property, during wich time you can sell the property

* Your option can be paid for in cash, with a prommisory note, or with a pledge of any other valuable consideration. So you can control a property--in some cases--with no money out of your pocket. No matter how you pay for the option, be sure to keep the amount as small as possible because if the option expires (ends) without you selling the property, or buying it, the seller keeps the option money

* Once you have the option, take steps to sell the property quickly. Let's say you sell for$225,000 the $200,000 optioned property. Your immediate gross profit will be $225,000-$200,000 = $25,000. Out of this amount you'll have to take your option cost of $100 to $1,000, plus closing and ad costs. With an option cost of $1,000, ad costs of $1,000, and closing costs of $3,000, your profit will still be $20,000. Not bad when you realize that you did not have any costs for the property while controlling it for sale.



SO YOU SEE, TAKING AN OPTION ON REAL ESTATE is an easy, low- or no- cost way to get started making money in this great field. And you can use the idea of an option for any other type of property--airplanes, ships, expensive autos, art, etc. The main thought with options is: KNOW--in advance--HOW YOU WILL SELL THE ITEM ON WHICH YOU TAKE AN OPTION!