There are many people who want to make a career or want to be an amateur in real estate investing but they remain clueless of what to do or what steps am I suppose to follow to be one. It is not that difficult to be one you can start with whatever information you have and right from the place you are in today.
Simply look for people who really want their property to be sold and try to solve their problem. If any person is about to loose their property then the fastest solution to it would be take over their payments with the help of subject-to contract. You can also provide them with some walking money that will help them in to move to another place and that they will be having some cash with them to rent another home.
Then you can clean up the property, you can use lease/option under this you can lease the property to future buyer on a rent-to-own basis. With the help of this process you are able to collect a non-refundable deposit. Now even if you get four to five percent of future purchase price it certainly is a good price to go for. You can continue to this till the time you feel to follow it or till the time you find it profitable.
And not to forget you must have the renter or the buyer sign a contract. Now in this field the amount you get depends completely on you as it is the difference between what you are paying to the original owner and the amount you are collecting from the new renter or buyer. This is a very nice way for collecting extra cash every month. And the profit also depends on the property and the place property is located at. And also there is no limit to such deals it depends on you that how many deals are you able to take up at one time if you can put some extra effort that will help you in earning more profit.
Try and give your ad in every possible local paper. Through your ad look for the people who are interested in selling their property in a couple of months or years and sign a long term lease. If you get a positive response to your ad then try and negotiate with a practical purchase price, and then sing a contract and start you work for looking a renter/buyer. In all this procedure you must also contact a lawyer who can help you making all these contracts and can also help you in making fair deals.
So now you have almost all the important points which are required to start a career in this profession. So move ahead and go for what you have been planning for.
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