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How to set up real estate for profits

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Want to have fun and get educated at the same time? Attend local property auctions. This is
more for networking purposes and to get potential leads from others who make it a business to
attend these auctions religiously. If one leading broker likes you, he/she may steer you to the
right deals.

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Be on the lookout for re-negotiated real estate deals, what Tyler calls the “real estate workouts”.
These are deals where lenders, so as not to foreclose on a property, extend the term of the
mortgage loan so that monthly payments and terms are easier for individuals. This is how the
real estate pros lay their hands on properties about to be foreclosed because the property is
being sold below market price.

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