There are many ways to start investing in pre-foreclosure real estate and after my first enlightened wealth institute workshop, I followed the exact action plan given by enlightened wealth institute instructors.  From that action plan, I sent out a direct real estate mail campaign to a list notice of default homeowners.  Many phone calls started to come in from motivated sellers.  One of those calls led me to my first pre-foreclosure real estate deal and allowed me to negotiate many other deals and become an expert in wholsaling pre-foreclosure real estate. 

Wholesaling real estate is the quickest path to fast cash in your bank account.  It is simply contracting a property under market value and then assigning that contract to another buyer/real estate investor.  The assignment fee depends upon the amount of equity you have negotiated in the contract.  For example, if you contract a $150,000 home for $100,000 and there is about $5,000 of repairs to be done...then you are leaving $45,000 of equity or potential profit to your buyer.  What is a return of $45,000 worth to your buyer?  In this case - probably a $4,500 to $7,000 assignment fee is appropriate.  Ten percent of the equity you have left on the table for the next buyer is a typical assignment fee.  So ten percent of $45,000 is $4,500. 

If you want to become a master of virtual wholesaling of real estate, you can read more about the rated #1 e-course by going to:  virtual real estate wholesaling system.

In today's economy, it is critical to educate yourself as much as possible to make multiple streams of income as we are in for a rough ride over the next few years as more and more people lose their jobs, consumer spending has become the lowest since 9/11, and you have to take care of you now by giving yourself the tools and education to make money online and in pre-foreclosures.   I recommend that you check out a simple $7 expert guide on "How to Find Pre-Foreclosures" by watching over the shoulder of an expert pre-foreclosure wholesale real estate investor  who has done well over 100 real estate deals.