Despite rumors of insane bidding wars and home prices heating up, there are many sweet property deals and even steals out there to be had. So how can you snag them to bag big real estate investing profits?
There are tasty deals out there on income producing properties and for claiming large capital gains, even in what are being heralded as some of the hottest housing markets in the country.
Take a look around and you’ll still find unbelievably massive discounts on properties, such as waterfront point lots boasting immaculate mansions in Naples, FL. You’ll find big bargains on luxury rentals and estates as short sales in the elite communities of Destin in Northwest, FL. You can discover sweet pricing on mountain top retreats in the elegant La Jolla, CA and you can’t afford to pass up on opportunities on multifamily rentals in New Haven, CT which are set to explode in value as new development kicks in.
Some are ripe and ready to be flipped, and using transactional funding, can be turned over for quick and easy profits with no down payment.
Other long term income properties are so appealing that raising private mortgage money to buy and hold them will be a breeze.
Even those that are going for a fraction of previous highs, with multi-million dollar profit potential over the next few years can be locked up by investors with lease options.
Lease options eliminate the risk and taking on full holding costs or maintenance responsibility, but secures huge real estate investing profits to be cashed in on as soon as an end buyer can be found. In the meantime they can be subleased for positive cash flow.
So if you are having trouble making acquisitions, making enough of them or maintaining desirable profit spreads, give a few of these strategies a try.