Showing posts from September, 2021

Step by Step Guide on Wholesale Real Estate Investing

 If you like to read blogs and articles or you want to become a full-time investor but are afraid to take action. If you want to start but don't have enough money to start investing then real estate investment is the better option for you. As with any other business, there are pros and cons for wholesale real estate. Make sure to evaluate these advantages and disadvantages clearly before doing wholesaling business.  What Is Wholesale Real Estate Investing? Wholesale real estate is a process in which an individual, you or wholesaler takes the contract from the seller of the property then assigns the same contract to the investor with a profit . Wholesale real estate is known as the best investment strategy for beginners.  It is good for beginners as this does not require any down payments or big amounts of money to start investing. In this business, you just need to find a motivated seller who wants to sell his distressed property then you wholesaler assign the contract to the inves

How to be an Entrepreneur if You Have No Money or Experience

Many of us want to become entrepreneurs. Starting your own business is one of the biggest dreams of our times. But how do you get to be an entrepreneur? Most of the advice focuses on the practicalities : writing a business plan, raising money, finding staff, marketing and PR. What are Successful Entrepreneurs? We'll go down a different route. In our eyes at the heart of successful entrepreneurship lies something oddly more abstract: an accurate insight into the causes of human unhappiness. To be an entrepreneur means, essentially, to become an expert in the things that make life difficult for people. That's because every properly ambitious business is in some way trying to fix things for other people.  And the bigger and more original what you're trying to fix happens to be, the more successful your business can be. Because consumer society is now well developed, it may be easy to think that all the big problems out there already have thousands of fixes anyway. Think of all

How does Seller Financing Work in Real Estate

How Does Seller Financing Work in Real Estate? Seller Financing is a loan provided by the seller of a property or business to the purchaser. When used in residential real estate it is known as seller financing or 'bond-for-title'.  In the seller, financing the seller handles the mortgage process rather than a financial institution.  In general terms, it is a loan from the seller to the buyer. Like other financing agreements, seller financing also involves the buyer paying the seller monthly or in instalments at an agreed interest rate. The payment from the buyer will be periodical until the full loan has been paid off.  How Does Seller Financing Works If you are finding it hard to get a conventional mortgage from the bank because your property was in distress condition or your credit score is no good then seller financing will be a good option.  Unlike a conventional mortgage, there will be no closing costs in the deal or you may not require an appraisal. Usually, in seller fin