How To Make Instant Profit In Real Estate

How to make smart, educated decisions in real estate investing for beginners: your *core* strategy. Enjoy! 🔥Personal Finance & Investing Course (Soon) https://www.michael-curran.com/finance/join🚨Use Coupon Code🤠MICHAEL🤠 🚨🔥These are educational courses; past performance does not guarantee future results.

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00:00 Intro

00:56 Overall Strategy
The value is in the buy. Flippers borrow short-term with higher rates so you can buy higher than they can. Identify properties and sellers where you can pay below the retail price of a move-in ready property. The gap where you play is between these two prices. Assuming a good value proposition (C.O.R.E. in the video), the better. You then re-appraise after adding value (CORE). This boosts your equity, lowers your payments or creates realized capital gains if you sell. How you extract value will depend on whether you sell, reduce payments, boost rental income, enjoy tax-free equity appreciation, enjoy improvements for a fraction of the cost or take some of the equity out of the house with a line of credit or refinancing.

02:44 CORE: Condition
Cosmetic fixer upper properties sell for less than turnkeys. With a low entry, you may profit by investing cleverly and profiting the difference between the After-Repair Value (ARV) and the purchase price including rehab.

07:03 CORE: Over-improved
Buying a property where the previous owner made substantial improvements allows you to enjoy these at a fraction these would cost.

08:23 CORE: Rent
Raising the rent on a multi-family property increases its market value as multifamily properties are priced by the income they generate.

10:22 CORE: Extra
Some units scare investors, so can be bought cheaply. Legalizing or bringing a property up to code can add value if you are brave, resourceful and lucky! Also, converting the property into a short-term rental can lead to a huge boost in the annual rental yield.

12:48 Extract Value
After adding value through one or more of the CORE strategies, you may sell it: 1031 Exchanges allow you to defer capital gains tax. You could hold and enjoy the high yield from short-term renting. You could re-appraise: (i) to remove Private Mortgage Insurance if you are paying this, which will then lower your monthly property payment; (ii) to boost your net wealth; and (iii) to take out a line of credit against the asset (like a credit card) or refinance.

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