Recession is a time of desperation. It's also a period of opportunities.
The most common source for real estate profit is the appreciation - the increase in the value - of the property in question. During recession, appreciation in value of houses tends to be very slow or completely on pause. While in desperate situations, the value of houses, tends to go down.
Real estate investing also requires you to be prepared to jump on a house when needed with a pre-approved mortgage and dedicated home inspector. Otherwise, you may miss your opportunity.
Look for sellers who are desperately looking to sell by locating empty houses or houses with frequently-reduced offer prices. This situation gives you the upper hand in negotiations.
When buying homes in a recession, have a lawyer do a title search on the property to make sure that they are not any liens on the title. If you don't, you may buy the property only to find out that you now owe money to a contractor or the previous homeowner's lender.
How to make millions as real estate agent during recession
First find a Seller who needs to sell for whatever reason but can't. How many of those are out there? LOTS!
Maybe the Seller is making payments on two houses. Talk about desperate! You can help these Sellers and get very well-paid for doing so. You will be their hero. Literally. I don't even have to advertise to find them.
The way I help them is to put in a Tenant Buyer (TB) who pays a premium rent to them for a year and treats the house as if they own it (no maintenance or repair headaches). The TB also pays 5 percent up-front for the right to buy the house at the end of the Lease, which is non-refundable. Often, I find the TBs first and just ask them where they want to live (and then go sign up the Sellers). And guess what? I don't have to advertise for the TBs either! Read on to see how I get paid.
I get my Sellers to sign a very simple one-page Agreement that alllows me to find them a Buyer, and no, I don't need a real estate license to do this both legally and ethically. I don't remove the Seller's home off the market, so I pay the Seller zero. You read that right--zero cash--as well as zero credit. A simple one-page Agreement that Sellers sign without an attorney and no cash or credit required. It doesn't get much better than this, folks. And how much have I invested in advertising? Not a kobo nor Penny. Plus, these Sellers are everywhere. You won't have any trouble finding them. I simply match the Sellers with my Buyers and get paid.
The Sellers get their asking price, so they are very happy. Actually, they get MORE than their asking price. I raise the price by 10 percent, and then I collect 10 percent down from my Buyers and share if 50/50 with the Seller. So, the Seller actually got 5 percent more than they were asking for. Talk about an easy sell to the Seller. You collect 5 percent and walk away with no further obligations to the Seller or the Buyer. No assignment is used. You are completely off the hook. We are talking about zero risk and zero liability. And no business license is required (or office or employees). On a N10,000,000 house, you just made N500,000 with about an hour or two of work (and the Seller also made N500,000). And in a medium-sized city, you can do a few of these a month with little effort.
How to make millions as investor in real estate during recession
For investors, recession period is a blessing in disguise. A house or land you bought during recession will worth over 3 times after recession. Like I pointed out at the beginning of this writeup, "the most common source for real estate profit is the appreciation - the increase in the value - of the property in question. During recession, appreciation in value of houses tends to be very slow or completely on pause. While in desperate situations, the value of houses, tends to go down".
The most obvious source of appreciation for undeveloped land acquired during recession period is, of course, developing it. After recession, cities tend to expand. As cities expand, land outside the limits becomes more and more valuable because of the potential for it to be purchased by developers. Then developers build houses that raise that value even further by over 80%.
Recession? Not for me. And not for you either, if you learn how to solve people's problems. For more info, read about my Niche System (and other ways to make money in this economy) on the side bar of this blog.
I offer complete training at a super low price (you won't believe how low) and include Mentoring, too, at no additional cost. Best Riche$ to you!
Send us an email
Phone: +2348035217265
