Site Navigation

Investor Information
 Home
 Monthly Update
 Real Estate Articles
 Real Estate Videos
 Real Estate Success Stories
 Real Estate Blog
 Free Investing Books, Audios
 Real Estate Books
 Investing Glossary
 Investing Abbreviations

Real Estate Products
 No Risk Guarantee
 Best Sellers
 All Investing Products
 Real Estate Courses
 Real Estate Audios
 Real Estate Ebooks
 Real Estate Books
 Real Estate Seminars
 Special Offers

Investor Resources
 Hard Money Lenders
 Real Estate Agents
 Handyman Services
 Property Managers
 Real Estate Clubs
 Cashflow 101 Clubs
 Business Tools
 Tax Appraisal Districts
 State Foreclosure Laws
 State Property Codes
 Proof of Funds Letter

Discussion Forums
 Networking Forum
 Beginners, Carlton Sheets
 Bird Dogs, Wholesaling
 Foreclosures, Short Sales
 Sub2, Lease Options
 Rehabbing, Landlording
 Financing, Hard Money
 Asset Protection, Legal
 Commercial, Mobile Homes
 Real Estate Marketing
 Random Ramblings

Site Information
 About Us
 Advertise on REIClub
 Contact REIClub
 Link to REIClub
 REIClub Facebook
 REIClub Twitter
 REIClub YouTube
 REIClub ITunes
 REIClub Testimonials
 Press Releases


The 3 Easiest Ways to Make Money In Real Estate
by Bryan Wittenmyer

 
I once asked my handyman what was the easiest money he had ever made in his life. His answer was that although he had been in many small businesses and had done countless handyman/contracting jobs over the years, the easiest money he made was in roofing. He explained how that roofing work is higher risk work that many folks dislike and fear doing, therefore the mark-up is tremendous.

He especially likes smaller flat or semi-pitched roofs. For about $250 in materials he could charge $1,000 for a roof which he could install in a day. Larger, shingled roofs have even better mark-ups, although more time consuming.

I then began asking myself the same question. What was the easiest money I had ever made in business or investing?

There are 3 ways or modes (versus tools and techniques) that came to my mind quickly.
  1. By far the easiest money I have ever made was from real estate appreciation. I have been fortunate to have been in the game long enough to ride two giant waves of appreciation and inflation. The price runup that occurred in the mid to late '80s, and the current bubble we have going now. Any dummy can make money in real estate during strong seller's markets. It makes you feel smart, but the main smart thing you really did to achieve it was to be smart enough to buy it.


  2. Next, buying discounted property through patient tracking and buying of properties is the next easiest money I have made. Like when I bought a $20,000 house for $2,800. Nuts, but true. Or, like the $20,000 purchase with 100% owner financing which was resold via lease option for $39,000.

    Thoughtful and determined deal making is the second easiest way to make money in real estate. The cliche is true - you make your money when you buy. One caveat: Lower-income grade deals must be outrageously benefically-priced to be worth the risk. Solid, middle-grade properties need not be "steals" to be good buys. A few years ago, I bought 2 houses from my attorney at decent to fair prices, but they were in excellent areas and have ALL brick exteriors with new roofs. They weren't steals, but they have appreciated by $20,000 each since acquisition.


  3. Lastly. Rents. This takes time as I mention over and over, but once properties become seasoned and rents rise and debt drop off - rents are easy money. The problem - few have the future sight to maintain their hand in the game. It is a wonderful business to learn. Most landlords don't work very hard.


  4. Rehabs and Interest Profits. Yes, these could be debated as easier than rents, but without rents you can't get number 1 - Appreciation and Price Inflation from governmental debt-driven inflation. And, you pay a lot more taxes, therefore limiting your net worth growth.



Bryan Wittenmyer
Bryan Wittenmyer has been investing in real estate for the past 15 years. He's not the new kid on the block. In the past five years he has written extensively in the real estate field. His articles have appeared in Creative Real Estate Magazine and the Real Estate Entrepreneur. Bryan served on the board of directors of the Real Estate Investment Association of Berk's County for 3 years.

Although Bryan hasn't attended formal university studies, he keeps himself educated reading a plethora of books, newsletter, journals, and listening to hundreds of audio tape lectures. He jokingly considers himself to be an information junkie. You can also benefit from his years of practical business experience, having managed several income stream businesses, ranging from automobile debt instruments to appliance paper. He also has bought numerous real estate debt instruments - he knows the income stream business.


Copyright Notice
Copyright 2002-2014 All Rights Reserved. Published with Permission of Author. No part of this publication may be copied or reprinted
without the express written permission of the Author and/or REIClub.com.

Back to Top

Free Newsletter
Name:
Email:

Article Options
Printer Friendly Page
Send This to Friend

Author's Articles
Alternate Sources of Income and Why You Need Them
Are You a Technical Investor?
Build a Junker Empire
Build a Junker Empire (Part 2)
Creating Additional Income From Real Estate
Creating Long Term Income
Creative Real Estate Money Making Opportunities
Myths and Realities of Low Income Housing
Recycle the Real Estate Oink
The 3 Easiest Ways to Make Money In Real Estate
The Hidden Secrets of a Real Estate Technician
The Salesman Who Doesn't Believe in His Product
Tips For Developing Real Estate Technician Skills
Why Low End Houses Make the Ideal Cash Flow Vehicle



 
Anti-Spam Policy | Compensation Disclosure | DMCA Notice | Earnings Disclaimer | External Links Policy | Privacy Policy | Terms And Conditions | View Cart
2002-2014 All Rights Reserved. REIClub.com