Making Money In Foreclosures Is Easier Than Trying To Make Money With Rentals Or Rehabbs

The real estate industry is the fastest and easiest place to make money

. But most are going about it all wrong. Sure, you could probably make a little cash rehabbing homes or renting properties as a landlord, but you'll do a lot more work than you think. Foreclosed homes, on the other hand, are much less work and can give you more cash profits up front. If you're looking to make fast cash in real estate, rehabbing and renting are definitely the WORST ways to do it.

Being a landlord sounds cool, right? Tenants pay the bills and then some, while you sit back and profit? Wrong. It might seem like a good idea, but but the fun leaves very quickly. You'll probably lose money up front, buying the property and getting it cleaned up and ready. Then you'll likely lose money each month for quite some time, and pay a manager or management company, or make a little money at first, very little, and do all of the maintenance and management yourself. Fix a toilet at 3 AM anyone? No thanks!

You'll also have the stress and headaches of deadbeat tenants and evictions to deal with, though, as well as that dreaded monthly mortgage payment that you can't afford without the tenants. There are too many hassles and unknowns in the rental properties game, which means that you're not going to find fast, easy profits.

House rehabbing is also not easily profitable. First, you'll spend a ton of money on mortgage payments while you're fixing up the place, and spend even more on the actual fixing that you do. Most people who start out flipping houses generally take at least 3 months to do the job. That means 3 months of mortgage payments on top of the costs of the remodeling that you do. Your tab of expenses is quickly growing, and your profits are shrinking. If you want to work yourself nearly to death to come out with a $5,000 to $10,000 profit, more power to you.

Why should you, though, when you can learn how to buy foreclosures? Foreclosed properties will give you more cash profits up front, and be much quicker to profit from than any other type of investment. You'll make more money for less work, which is always good. Plus, at the end of the day, you're probably getting into real estate to make money because you have none, right? Therefore, foreclosed properties can be a much better choice for you because they'll give you instant profits and cash up front, rather than leaving you tied up for months on end. For fast, easy cash in the real estate market, foreclosed properties are what you want.

by: Jason Loucks

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