Part 2, Conclusion of Tony Youngs (Hidden Market of Real Estate Opportunities):
Wave of the Future
Option one, if you have no money, no partners, and no proof of funds, this would be for you. You get really good at finding good deals for other investors. There is no risk on your part, but you must be willing to do the legwork. This can be very lucrative as there are many cash investors that would take what you find.
Option two, This is for you if you have money or have access to money. This option is where you are good at finding distressed hidden market properties, but you actually close on them and take title. Then you clean it up, do a few of the repairs but leave plenty of work for the investor you are going to sell to. The reason option two is lucrative, is because you don’t have to do a major rehab job, but you are selling the property to a cash investor instead of a retail buyer who is trying to get a loan.
Option three, This option is where you fix it up all the way and list it on the MLS. It takes more time but you make much more profit if you do it correctly. This also requires you to have money, or have access to money ie., IRA, cash partner, or hard money. Sometimes you can sell it to a cash buyer who wants a long term rental.
I personally do all three options but I recommend you pick one that fits your resources and then focus on it. You will need to get really good at finding good deals and the hidden market is where you will find them. As more and more investors come into the marketplace, you must learn about, the “Hidden Market”.
You need a system and the discipline to follow it. A system of finding unlisted properties when you buy and using the MLS when you sell. That is how you make profit today. Over the last 8 years, I have mastered the hidden market. All you need is desire.
Tony Youngs is the author and creator of the Hidden Market system and a real estate investor for 28 years. He will be the guest speaker at the MassRealEstate.net meeting Tuesday September 29 in Peabody, Wednesday, September 30 in Nashua and an ALL Day Seminar Saturday, October 3 in Peabody. See you there, Mike Hurney