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How To... in 87502 : Real Estate Advice

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Fri Nov 20, 2009
Don Tepper answered:
Sure. There are hundreds of such programs.

For good general real estate investing information, go to http://www.creonline.com

For real estate investing clubs in New Mexico, go to http://www.creonline.com/real-estate-clubs/nm.html

Hint: You don't have to pay thousands of dollars for programs or courses, though you'll find plenty that cost $995, or around there. And you'll find some expensive mentoring programs that cost $15,000 or more. Go to a few meetings of a few real estate investing clubs and get a feel for what's out there and what people are doing.

Hint: What you're specifically interested in is called wholesaling. That's putting a property under contract, then assigning the contract. You can put a property under contract for as little as a dollar--some investors routinely make offers with a $10 payment. You get a contract with the owner (with language protecting you in case you can't wholesale the property), then assign the contract to another investor, usually a rehabber. Depending on what the market's like where you are, you might make $5,000-$15,000, on average, per deal.

Hope that helps.
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