If you have a good plan and have it arranged properly should be able to make some big bucks in the field of rehabilitation. If you can not be headed for trouble.

In the first place must have identified a good mortgage broker who will get loans thru on ugly houses using private lenders, obviously not going to do this for free. He is going to make his money just as you would your money.

Once you start helps you obtain loans, and if he happens to like you. And you become good friends, it's amazing to offers that he will be able to throw your way.

Secondly, you should try a good title, you really should have at least two and three do no harm. As you go and develop your business you will have those that you seem to work best with, and those are the ones that you should stick with.

Third you must set up a referral system of the community. How? Joining the Lions club, and another community organization or two, make sure you attend all of their meetings and keep reminding them how the business you are.

Fourthly, you must contact each person in your area that has something to do with the sale or leasing of any type of real estate. Give them a call on a regular basis and ask them about the houses that were unable to list? Why not? Try to get the details.

Fifthly, as you begin to start buying houses they want to focus on not making money down loans. You can't get a loan like this if you don't ask.

Many people are afraid to ask, how to set submit offers homeowners, many times will a loan and even if they don't mention, isn't of any interest.

Perhaps you will specify in your proposal, Sir, for example, you will pay 180 $700,00 payments per month at the end of this time that I own the lock stock and barrel. Just try to make some substantial gains with this offer. Sometimes works and sometimes not.

The sixth and final point, if the property is free and clear and has no loans, you should try to make deals that the owner might be pleasant with after you've spent several hours talking to him, at one point that you can learn from him what exactly his hot button. Once this happens, then give it a try that surround his hot button in the bargain.




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