The Different Sides of the Real Estate Business

One really good thing about the real estate business is that you have a lot of options and a lot of different ways to do things.
You can always learn something new and try things a different way.

The different ways that have worked out well for me buying houses:

1. foreclosures


2. boarded up houses


3. buying properties in probate


4. bank REO properties


5. buying before the foreclosure sale


6. buying in default


7. collecting owner’s funds from sale

the ways that have not really worked out

1. IRS tax sales


2. county property tax sales


3. probate auction sales


4. hud auctions


5. sheriff auctions

this 2nd group I have not made much if any money from, mostly because the sales are heavily advertised and the sellers make it easy for lots of buyers to find out about the sale and bid. The probate sales only require you to put down 10% which is much easier for a lot more people to do.

Then in addition to buying properties, there is the loan/note side of real estate, a lot of money can be made just dealing with the notes on properties.

1. getting discounts from banks


2. getting owners who carried back a 2nd to discount their notes


3. buying notes just prior to trustee sales