If you're dreaming of making money in real
estate, it's time to stop dreaming and get to work, because
making money in real estate isn't just a vague pipedream. It
can be done, even by a young and inexperienced person, when
you learn how to "flip" houses.
A friend of mine, we'll call her Tai, made a
fortune in real estate, beginning at the age of twenty, with
no help from anyone else. Here's how she did it:
Tai began by buying a HUD repo, which allowed
her to get into the house for no money down. Then she fixed it
up and sold it herself. At closing, she had made enough profit
to by a second fixer-upper, but this time, she paid all cash.
Tai went right to work fixing her second house, and when she
sold that one, she collected profit of $44,000, which allowed
her to pay cash for her third house!
By now, Tai was comfortable with her formula,
and within a short time, she had flipped her third house,
realizing enough profit to pay cash for yet another house, as
well as being able to buy the custom pickup of her dreams. And
all of this had happened in the span of just nine months!
Tai's formula was simple. She located houses
that needed only cosmetic work, avoiding those that required
structural repairs. She did all the painting herself, inside
and out, and updated the home's lighting, plumbing fixtures,
and carpeting. Once renovations had been completed, all three
houses sold quickly, and at a significant profit.
Flipping houses is the most tried-and-true way
to make a fortune in real estate, so don't listen to anyone
who tries to tell you that it can't be done or that you need
to have a great deal of start-up money. That's not true. You
can buy houses with no money down through various loan
programs, and sellers will often help you with the closing
I know what I'm talking about. My husband and I
bought our 27th house earlier this year, for no money down,
and we expect to make a profit of at least $100,000 for just
one month of hard work!
But we take the process a step further, making
our houses outshine the competition by also using Design
Psychology, although our buyers never know that. All they know
is that they feel good when they're in our homes, which makes
them want to buy them, even if they're more expensive than the
house next door.
There's no other business that can make you as
much money, with as little start-up cost, in as short a time,
as investing in real estate. In fact, more millionaires made
their fortunes in real estate than in any other business. And
you can do it, too. You just have to stop dreaming and get
Copyright © Jeanette J. Fisher. All