There are a lot of people who are interested in investing in tax sale properties, but have one small problem. They don't have any cash available to invest. They feel as if this is the only thing that holds them back from their quest to succeed.
I get a lot of people who ask me where my initial capital came from when I started investing. No, I didn't have a rich Uncle nor was I successful before tax sale investing. As a matter of fact I was an 18 year-old college dropout when I got into real estate. I started with a few hundred dollars that I had managed to save over the years AND with a lot of help from my friends named Visa and MasterCard. Without their help I wouldn't have ever been able to start investing in tax foreclosed properties!
There are two different ways to use credit cards to fund your tax sale purchase. The first is becoming more and more popular, which is to pay directly at the auction by swiping your credit card! Just as you buy a loaf of bread at the grocery store and slide your card in order to pay, you can do the same thing but walk away with real estate! It's an extremely convenient way to purchase real estate, but it doesn't come without cost. Typically most auction companies will add a surcharge of some sort. Typical surcharges are between 2-3%. Since they are charged by the credit card processing companies they just pass this charge along to you. Regardless a 2-3% price increase shouldn't matter too much if you truly understand how to be successful in tax sale investing.
The second method you can use is through a credit card cash advance. Getting a credit card cash advance is usually as easy as going to a local ATM machine and putting your card in. The machine will then give you cash which you can use for your tax sale investments. Of course credit card cash advances can be expensive. Some charge as high as 25-30% interest. However, this still isn't that bad of an option. If you learn how to properly คอนโดมือสอง invest you can use the funds to buy properties and then sell the properties near instantaneous before the interest begins to apply (depending on your card provider).
So there you have it: Two different ways to use your credit card to fund your tax sale purchases. Unfortunately a lot of people like to come up with all sorts of excuses as to why they aren't successful. One of the most common ones is that they "don't have any money to start." As you can see with a little creative thinking and some motivation anyone can get started!
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