- Lease real estate at the lowest price they can get.
- Lease the same real estate at the highest price they can get.
- Earn their profit on the difference leasing prices.
ONE OF THE BEST EXAMPLES of this method at work is that used by a successful real estate wealth builder:
YOU CAN ARRANGE SIMILAR DEALS with many different kinds of real estate. Thus, you can:
- Lease residential apartments and sub-let them to others at a higher rent than you’re paying.
- Lease commercial space for stores and sub-let it to groups of merchants needing a minimum amount of area.
- Lease open land and use it for parking or temporary storage of large construction equipment.
YOUR WHOLE KEY IN EARNING FROM REAL ESTATE you don’t own is to have a sub-let clause in your lease. Write the lease so there is no restriction on your sub-letting of the space you rent. Then you can:
- Sub-let your space to anyone of your choice.
- Sub-let at a rent YOU set based on the tenant YOU find.
- Sub-let to as many tenants as you choose.
SUB-LETTING REAL ESTATE can give you instant income when you receive your security deposit and first month’s rent. Try it and see!
1 comment:
Mr. Hicks, I thought you might like to see this review that I wrote for another Web site:
I've read a few different real estate books by Tyler G. Hicks. In general, they've been helpful, motivating, and full of useful methods for getting started earning money in income real estate. Hicks explains his "zero-cash" approach to acquiring real estate. With this approach, the investor borrows the required down payment and gets a long-term mortgage for the remainder of the purchase price. Hicks offers motivation for potential real estate buyers of all kinds, even those who have poor credit when they start.
Hicks' book, How to Make Millions in Real Estate in Three Years Starting With No Cash, is one of my favorite books about real estate. I decided to read it when I saw it listed as a Top Ten Business Book by Waldenbooks. It gives hands-on information on buying and profiting from different types of real estate. People with poor, or no, credit will find helpful and encouraging ideas on how to get started in income real estate.
Another feature I like about Hicks' books is that they give his business telephone, fax number, website, and e-mail address and actually suggest that readers contact him if they have questions. I called him once and he made good on his claim, helping me out with a particular real estate deal. Hicks has been criticized for promoting his own company, International Wealth Success, in his books, but this doesn't seem so bad when you consider that his company publishes many additional products that can be useful to the real estate investor. I'd think that readers would be happy to learn about more books that can help them make real estate money.
I've read two more of Hicks' real estate books, How to Borrow Your Way to Real Estate Riches and 209 Spare-Time Ways to Build Zero Cash Into 7 Figures a Year in Real Estate. These books expand on the no-money-down theme of his earlier books, focusing on realistic ways to finance real estate purchases. I've found these books very helpful too and I recommend the books I've discussed here.
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