Wealth-Coaching

If you’re wondering if nothing down real estate deals can be found in your hometown, the answer would have to be a resounding…. Yes!

I recently read a letter from a Baltimore Maryland woman, who wrote in to report on the success of her real estate coaching program. I’ve chosen not to reveal her identity since in her 9 to 5 job she is a real estate assistant and I do not wish to cause her any undo embarrassment.

You would think that if you worked in a real estate brokers office you wouldn’t need a coach to learn how to do real estate investing. Not the case, this young woman is not the first from that industry to pass through our coaching program.

Working from home or part time doing real estate investing can be an extremely lucrative "hobby."

She was wise enough to use her real estate contact to locate a potential investment property well below market value. She took a look at the property and like it, they seller was asking $55,000 for it, she offered $53,000 and he took the deal.

She then used the real estate comparables to determine the properties fair market value, it came out at $82,482.00. Needless to say she was ecstatic.

And the frosting on the proverbial cake is that because the property was so far under fair market value that she was able to obtain 100% financing. You know a no-money-down deal… a zero down deal… a nothing down deal!

This was her first investment. Now she has the flexibility to flip it, quickly sell it for a profit, or lease it thus creating residual income letting the property increase in equity.

If she flips it and gets fair market value for the home she walks away with $29,482 profit! However if she has to discount it to sell it quickly she may only walk away with $25,000. Dang don’t you feel sorry for her!

Such are the perks when you invest in real estate on the side.

Hmmmm, makes me wonder what her 9 to 5 job is paying her and how long that will last with a couple more deals like this under her belt.