You can invest in real estate without owning any real estate. For example,
You can buy notes (secured by a deed of trust) at a discount, or
You can buy a Real Estate Contract, aka Land Contract, at a discount.
You can buy an Option to Purchase property and either exercise it or assign it for a profit.
You can assign for profit a Purchase & Sale Agreement.
You can assign a lease for a profit.
You can buy out a party being foreclosed on and deal with the secured party, and sell the property before it ever gets in your name.
You can buy out a troubled party and obtain a Quit Claim Deed, and then sell that paper.
You can wait until property has been foreclosed, and go to the secured party and buy the rights to own or re-sell the property.
And there are many more combinations.
Red Flag: These transactions are not for the faint of heart. These are advanced techniques, because there are so many traps for the unwary. A thorough understanding is critical to avoiding disaster. I’ve handled all of these, either as a real estate attorney or Realtor.
Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service.
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Excellent article. My wife and I read your blog every week, and we appreciate the fantastic information. Please keep it coming. Glad you don’t charge anything. Your articles are better than our local newspaper articles.