When it comes to property, many experts agree that you make your money when you buy. The price you pay has a significant impact on your profit down the line.
That's why purchasing a property at below the market value is a great way to grow your wealth. But you may be wondering, how to buy a distressed property?
At the Real Estate Rescue Summit, you can discover a 3-step system to invest in distressed property. But here are some tips you can start using today.
First, find a distressed property before other investors. Once a real estate agent lists a distressed property for sale, it's often too late. You will have a lot of competition from other investors. The asking price will increase, and you won't actually save much. Second, structure the deal in the right way. The way you negotiate and structure the contract with the owner is critical to your success. Often, if you approach the owner in the right way, you can secure the property with no money down.
If you would like to learn more about how to buy a distressed property, attend the Real Estate Rescue Summit.