What is this site?
ProfitPiggy.com is the culmination of my experiences, coupled with others on the internet, with real estate investment books and courses. There have been hundreds of books and courses written about real estate investing, and it can be hard for you, the new or returning investor, to know where to look to get the best bang for your buck. ProfitPiggy aims to provide a solid foundation for new real estate investors, and additional information for the more experienced investor. In addition to the introductory guides, recommendations are made for courses and books that provide further detail about a given area of real estate investing.

What is flipping?
Flipping (or wholesaling) is a popular way to get started in real estate investing with no money whatsoever, and without ever having to take ownership of the property. As a flipper, you locate homes that are in distress - basically, ugly houses. Peeling paint, junk in the yards, strong pet smells are all gold as far as the flipper is concerned, as no one else is going to be interested in this property but investors. You detail the work that needs to be done and get an estimate on how much the work is going to cost. You subtract that cost, plus your flipping fee, plus the rehabber’s profit from the after repair value of the house, and this becomes your offer. Who’s this rehabber we’re talking about? He’s the person you ‘flip’ the property to - once you have the property under contract you contact your list of rehabbers and tell them about the property you have under contract and the amount of work that needs to be done. All that’s left is to show up at the closing and collect your fee! For more information check out the flipping section of the site.

What is rehabbing?
Rehabbing is probably the most traditional real estate investment method out there. While it sometimes requires some of your own money (but usually not), it also pays off big time. The average rehabber doesn’t even get into a deal unless they’re guaranteed at least $15,000 - $20,000 profit…and that’s per house! Depending upon your skills and desires, you may choose to not even lift a hammer, and you’re still able to realize fantastic profits. Rehabbing doesn’t tend to offer the fast cash results of other methods, as it does take time to rehab a rundown property, but as mentioned above the payouts are well worth the wait. The resources on this site that discuss rehabbing go into great detail on how to find this properties, as well has how to finance and fix them up with little or no effort of your own.

What are foreclosures?
Just about everyone has heard of foreclosures, and absolutely no one wants to experience one first hand. A foreclosure occurs when a homeowner defaults on the loan (mortgage) that they used to purchase their house. Once a homeowner starts missing payments the mortgage lender, usually a bank, notifies the borrower that they are intending to foreclose upon the house unless the borrower makes up the back payments. As you can learn from the foreclosure resources on this site, this pre-foreclosure phase can yield fantastic profits for an investor, as well as providing the borrower a way to avoid foreclosure and thus saving their credit. If a foreclosure does take place then the bank repossesses the house and will eventually sell it on the court house steps in an effort to regain the loan amount.

The foreclosure process tends to differ from state to state and province to province, but the basic process is the same. If you take the time to learn some of the investment techniques that center on foreclosures you can tap into a market that yields fantastic profits.

What are lease options?
A lease option is probably better known as rent-to-own. There are several aspects to this technique, but the standard application of a lease option is as follows: as the investor, you find a nice home up for sale by a motivated seller. The seller is transferring to another town and needs to sell fast, but just can’t seem to sell the house for what he wants. You step in and offer to lease the home from him at a cost that will cover all of his monthly expenses, and with the promise that you will never bother him for any maintenance issues. You also agree to purchase his house within the next two years at an agreed upon price. After all the agreements have been signed, you then turn around and rent-to-own the house to someone else who must pay a non-refundable option consideration (this is money you get to keep no matter what) for the right (but not the obligation) to buy the home at any time in the next two years). Of course, the final selling price is a fair bit higher than the price you agreed upon with the original seller, and you also charge a monthly rent that’s higher than the monthly rent you pay to the original seller.

It might sound a little confusing at first, but it is the classic “no money down” technique and it is extremely popular among real estate investors. Be sure to check out the resources on this site that discuss lease options, as it’s a great way to get started as a real estate investor.

Terms of use
Every effort is made to ensure that the information we provide to you on this site is accurate, but we are not liable for any losses or damages you may incur through this site or any of it’s affiliated sites. If you’re unsure about any endeavor you’re about to embark upon, whether it be related to this site or any matter related to your well being, you should consult with an attorney or accountant.

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