So you want to start investing in real estate? Do you currently have the money for it? Do you have the time for it? Real estate investing is the type of venture in which you not only commit your time, but you must shell out some money (but this isn't always the case) in the process. Do you have investing experience? Investing in property and real estate? The erratic market and amassing income generally is really what makes all types of investments very similar but investing in bonds, trust funds, and stocks are totally different to real estate investments. I'm positive you've read some real estate investing blogs here and there, a few articles maybe. I would not even be astonished if you have watched a lot of property investing videos on TV, or even bought e-books and listened to audio books. Just about everyone has been there, don't be anxious. Been there, done that. I know the key reason why you're here and reading this is because you what you can potentially earn in properties and real estate investing. Well, you're correct; real estate investing is a profitable business. And so far, business is doing well even in this current economic climate. Below are the fundamental principles of investing in real estate and they are the things that you need to know. As a novice, take mental notes and foresee yourself to be engaging in these types of real estate deals. Continue reading even for those people who are experts in the field. I'm sure you're going to get something out of things I have to say. I promise I will not be wasting your valuable time. 1. Bird Dogging - This is where your job as an investor begins. In Bird Dogging, you do not have to have some preceding investing experience or commit to anything at all. Getting the finder's fee from the investor will be your main goal. What exactly are you going to need if you ask? A home in financial distress, that's what. To figure out whether a property is go or a no, partner up with an experienced investor and then have them examine the property. You will surely grab your ultimate goal in a short time if the deal gets closed. 2. Wholesaling - Here is the next step in investing. Wholesaling is somewhat similar to Bird Dogging but your part here is to become the person in control. Exact same thing; financially distressed house, but here, you are the one who will mark up the property price, then close off the deal after your investor partner has approved the business deal to get your earnings. Easy peasy. 3. Retail Flip - In Retail Flip, you are required to find an estate which has no or very little repair necessary, and the transactions are basically similar cheap burberry handbags to wholesaling. And then sell it straight to a retail purchaser or a very eager potential new home owner. You will get much more by removing the investor as a middle man and going directly for the house buyer. 4. Lease Option Investing - This sort of property investing while high-risk comes with a great payout. I will give an explanation of how you do it. Look for someone who would need to sell their house, include leaving the current property mortgage in the contract. Boost the house per month rent and price overall once you have gained control of the house. There are at least three paydays in this type of financial commitment. Find someone new who will rent, 1) profit from the first downpayment, 2) profit from the regular monthly rent income, and 3) in the event that you can get a new mortgage and cash you out. It can become risky should your tenant can't make consistent monthly payments but aside from that, it's alright in this economy. 5. Short Selling - This right here are generally for the advanced realty investors because they are the ones who has got to deal with the property finance loan companies and financial institutions. A house nearing its foreclosure due to its really high mortgage debts is exactly what you will need. Acquire the property from the homeowner in the form of a printed agreement. Instead jimmy choo handbags of these companies resorting to foreclose, they'd rather get something from the property -perhaps even less the amount of the full mortgage debt. You could find a buyer for the property for months and cash in on that. It's really worth your time and commitment since you can earn so much from it. 6. Rehabbing - House flipping is usually its' another name. With this type of real estate investment, you should have a lot of funds! A home that needs to be rehabbed and fixed is the thing that you would like. Use a contractor to perform the renovations or you can do it by yourself. Look for a buyer, and then sell it to make money when you're satisfied. It may sound easy but it can be the riskiest form of investment. It's also the one which can give you the biggest payday. 7. Buy and hold - If you have the money, invest it on couple of properties for rental. And if you're good enough, it could produce an infinite cashflow and passive and residual income for you. Choosing one and making yourself experienced in a particular kind of property investment will certainly take you a long way in life. It wouldn't harm to spend a few hundred of dollars to understand more about the type of property investment you have selected. Invest in your comprehension of the field. But sometimes, you have to switch tactics with respect to the realty market trend as well as the economy. Best of success to you! Barry Trujillo is an Investor and private contractor from Los Angeles California. He is also a writer and blogger for topics involving real estate and investing. More articles and tips about continuing education in real estate at [epicproacademy.com]