There are different types of investing a property in order to make a quick profit. Two of these are called wholesale or transfer of purchase.

Wholesale property is another way to make some quick cash. Basically, you will be your own real estate agent and find properties for sale, buy the property, and then sell it to an investor, hoping to make a profit. Flipping a house that quickly isn’t as profitable as some of the other ways, but if you’re looking for some quick cash and you know the investors in the area, you can do it. Make sure you know the market, know your real estate investors, and have the financing or cash available to make a quick purchase. Remember, cash often talks and property can be discounted when cash is in the contract.

Another way to make some real estate cash fast is to allocate the purchase. You’re basically going to commit to buying a house or real estate, but don’t close the deal. Instead, you’ll pay a fee to a real estate investor, who will then take control of the financial contract and close the real estate deal. Make sure you understand the assignment fee, the contract, and know the real estate investor well before assigning the purchase.

A word of caution here. Emotion is a difficult beast to control. Investing, in any form, be it stocks, real estate, classic cars, or art, should be as mechanical as possible. In other words, emotion should not enter the equation. Once he does, the situation becomes less clear because you are now emotionally attached to the deal. A deal should look good only from a financial perspective; I don’t know if the decoration is pretty, or because there are trees in the garden. So if you follow a plan and it works, then great. New and better ways of doing things will always be found, but you must stick to your plan. Be careful with shortcuts, unless you’ve tried them and know they work.