Reiwired: Fight Recession Fears With Real Estate Investing

The recession that has gripped the economy for two years is technically over

. But experts also agree that the effects of the economic slump will still be felt across the country, causing stress and anxiety to many Americans. What can we do to end our fear of financial stability? Educational website REIwired.com recommends real estate investing.

Some may call it a crazy idea, saying money is now flowing to real estate because properties are still priced down despite the end of the recession. Others will say that it is a jump off the cliff because real estate will not provide profits now, when people need money the most.

Actually, real estate is vaster than a large lot. Real estate investing has various modes and methods and some of these are actually thriving despite the low prices of properties. It just depends on what strategies you will use. There are actually two methods that stand out from the rest. They are wholesaling and rehabbing houses.

Wholesaling is quickly reselling a property for a profit. Veteran investors say this is the ideal way to start in real estate investing because it does not require huge capital. You don"t actually buy houses but only put them under contract. You"ll tell the seller that you will close the deal in a certain number of days. You will then look for a buyer who will close the deal for you. Wholesalers earn money through the assignment fee. You can learn more about this fee at REIwired.com, or real estate investing wired.

For example, you have a friend whose selling his property for $50,000. You tell him that you"ll close the deal in two weeks and if he agrees, you can now look for buyers. You list that property for $60,000 and if someone snaps it up, you take home an assignment fee of $10,000. Just like that.

Rehabbing houses, on the other hand, is buying cheap properties and selling them high after making some improvements. This was popularized on TV by shows like "Flip That House" and "Flip This House." In this business, you look for cheap properties that need some repair ranging from purely cosmetic to major ones like roof replacement.

What is important when rehabbing houses is that you set a repair budget and abide by that financial limit. A lot of neophyte rehabbers have the tendency to spend more than the money they allocated for repairs. Education websites like REIwired.com will help you counter these problems through proper information. For other concerns on real estate investing, visit REIwired.com and watch informative videos for free.

by: Carrie Dawson

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