Real estate investing isn’t just for those with wads of extra cash who need to keep their money working for them or for those who have now found themselves unemployed and unemployable. Anyone who isn’t making as much money as they would like right now could find the route to a big raise is easily achieved through flipping houses.
For decades it has been recognized that real estate investing is a great way to leverage the money of others. So it doesn’t take a mint to get into flipping houses. In fact, armed with the right real estate education course you could find that you can get started with very little to no cash of your own. However, know that leveraging the time of others can be equally important in real estate investing, especially if you aspire to building a solid and successful business.
Together this offers the opportunity to make far more money per hour than you have likely ever experienced or perhaps ever thought possible. We aren’t talking about going from making $10 an hour to $20, $50 or even $200 an hour. The potential profits from investing in real estate are much larger than that. While you may have to put in some real work at first to get your new venture off the ground the actual time you put into negotiating and flipping individual properties provides an amazing return. Even if you begin by simply flipping contracts and you put in a total of 10 hours and make $5,000, that is $500 an hour. However, if you can find deeply discounted wholesale properties and flip them at retail prices and you can make $70,000, even if it takes you double the time that is a whopping $3,500 an hour. Of course you can’t count on making that every hour, 40 hours a week but the concept is clear.