Have you ever heard of investors getting paid twice on REI deals?
Believe it or not, when I first started investing I used to do it all the time.
It’s easier than you think. In fact, now that I’m a seasoned investor I do it
all the time on certain types of deals.
So in today’s lesson, I want to share with you how you can easily get paid twice on your next real estate deal without using any of your own money or credit.
Here’s how a deal like this looks:
After repaired valued of a property is $150,000
Amount of Repairs needed is $30,000
Purchase price is $40,000
You borrow $80,000 in private funds
The $80,000 will be split like this:
$40,000 towards the purchase price
$3,000 towards closing costs
$30,000 towards renovations
$7,000 in your pocket WHEN YOU BUY THE PROPERTY
Then when you rehab the property and sell it, here’s how it will look
Sell for $130,000 to $140,000
Pay back $80,000 loan plus interest = $90,000
Your Profit: $40,000 to $50,000 In Pure Profits
This happens several times per month and you can do this too. And NO you DON’T need your own money or credit to do this.
It does take a little longer to close these types of deals than it would with a wholesale deal, BUT you can literally pay yourself when you buy the property AND when you sell the property as well.
Want to Learn More about How this Works?
Now go and close some deals!