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I talked to 2 investors today who feel like they are a victim of the real estate market because they can’t do rehabs and sell to retail buyers any more. They feel it is the governments fault, the lenders fault, the guru who taught them to do rehabs fault — everyone else is to blame. And they expect to government to “bail out” the problem.
Well folks, real estate runs in cycles and there’s always going to be times when selling to retail buyers won’t work so well, so it’s time to stop playing victim to the market and take control.
How do you take control?
You switch gears and start doing a different kind of real estate. Here are some suggestions:
Master Lease
buy with seller financing and then sell with seller financing by wrapping the loan
options – then highest bidder sale for retail buyers or a highest down payment sale
Rehab houses for consumers ( kitchen and bath is most popular) – keep your crews busy
Build outs for restaurants ( lots of need for this now) – network with architects
Lonnie deals
Mobile home/land deals
Be a scout for other investors
Find private lenders – let your roth ( or you) wrap loans to others ( many can’t find private lenders)
the list goes on and on….
What other ideas do you have?
Don’t be a victim of the market, take control.
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