When investors first get started in real estate, they often start with property flipping. It’s a popular real estate investment strategy on TV and the premise is simple. You add value to the property with your hard work and earn the paycheck you get at the end. What many first-time investors don’t realize is that there is a far easier way to make money in real estate: “Pretty Houses.” Brian and Lynette Wolff are Pretty House experts! The Wolff Couple has worked alongside real estate guru Ron LeGrand for years and they want to share what they know to help you make your dreams come true. Watch this week’s featured Wolff Bite for advice from one of their seminars and keep reading to learn more about Pretty Houses. Want to learn all the tips and tricks? Find a real estate workshop near you and see the Wolffs live!
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What are “Ugly Houses?”
“Ugly Houses” are what we call traditional rehab projects. These are homes that are in need of some serious repairs, and it will take quite a bit of time, money, and hard work to fix them. It can take months – maybe even years – for the property to be in shape to go back on the market, and then you get just one paycheck. Luckily, there is a better way.
What are “Pretty Houses?”
“Pretty Houses” are properties that only need a little polishing. They might need new carpet, paint, and a little cleaning up, but these are not big rehab projects. The homeowners either didn’t have the motivation or the money to address these small fixes. In most Pretty House deals, you’ll pay full price and still be able to make money. It may seem counterintuitive, but with a little help from the Wolff Couple, you can make thousands of dollars without breaking a sweat!
The Advantages of Pretty House Deals
With the right Pretty House deal, you can acquire the property with no money down and not put any of your personal credit on the line! In many cases, the homeowners are tired of trying to sell this perfectly nice house and they are motivated to give you a great deal just to get this property of of their hands. You may have to invest a few thousand dollars into making the small changes we mentioned above, such as new carpeting, but you will be able to get your money back instantly with a lease purchase buyer. Rather than putting a lot of time and effort into property flipping, you can earn a Pretty House payday with just a few phone calls and some paperwork. The key is asking the homeowner for terms.
The Three Major Pretty House Deals
The three big Pretty House deals you’ll make are sandwich lease-purchasing, owner financing, and subject to deals. If you don’t know what those terms mean, that’s okay. You are essentially asking the homeowner for a little time so you can pay them in full. There are two important questions you need to ask the seller. “Will you sell the home for what you owe?” “Are you open to owner financing?” Every Pretty House deal comes down to time, and often the sellers are motivated enough to negotiate with you.
To learn more about Pretty Houses and how to negotiate money-making deals, sign up for a real estate workshop with the Wolff Couple today! They have 15 years of experience teaching alongside Ron LeGrand and their binder of testimonials is thicker than a phone book. They want to help you make your dreams come true. Find a workshop near you or contact them today!
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