I
      have saved my personal favorite money making method for last. It requires a
      little capital $20,000 to $40,000 depending on the property. This method
      involves owner financing and a high interest rate. You will make money on the
      interest rate and when you sell the property. We are talking about vacant land
      and for this discussion in Shasta County although it can be done anywhere as
      long as you know the real estate land market or know someone who does. Here is
      an example of how it works for Shasta County Land or more specifically let’s use a 40 acre
      parcel in the beautiful Trinity Alps Preserve in Ono, CA.
      This area is 24 miles west of Redding, CA and off of Platina Road.

1)
      Find a realtor who specializes in land. For my area that would be Shasta County
      Land.

Have
      them find you a property such as on the Shasta MLS that is listed a bit below
      market value and then make an offer for about $10,000 less. Shasta County land
      for sale can also be found on most agents websites, Realtor.com, or even on
      Craigslist.  But its best if you don't
      know the local Shasta County real estate market 
      to use and experienced Shasta County Land or Trinity Alps Preserve land
      specialist. Use your cash for the sale as cash is king when trying to get a
      good price on a property. Go with a short 10 day escrow on the offer so it
      looks real good to the seller. 2) After you close escrow list the property with
      your Realtor who specializes in land and offer to owner finance the land for a
      buyer. Ask for about 15% down of the price your going to list it at. This will
      allow you to pay your listing and selling Realtor their commission and still
      have money in your pocket at the close of escrow. 3) Depending on your risk
      tolerance you can sell the property to someone with good or poor credit. With
      poor credit you can get away with charging a high interest rate of 10 plus
      percent. If you are concerned about a possible foreclosure contact me for the
      details. I may post a blog about it if I have enough interest. The risks
      associated with it are fairly low since there are no improvements to destroy
      with raw land. I am familiar with the foreclosure process for Shasta County
      land and Redding land.  4) Where else can
      you make 10% or more on your money with minimal risk? The stock market? At a
      bank?

If
      you repeat this process a few times the monthly checks you receive really start
      to add up. On average expect your monthly check to be about $600. Multiply that
      times 4 and it really ads up fast. There are people who do this for a living.
      Its a great way to make a lot of money, but you have to have some to get
      started. You can also form a real estate investment pool for the purpose of
      collecting money for the purchase of such properties. Remember that the real
      key to success is to have a professional land agent who knows the local market
      well. You want to make money when you purchase the land as well as get an
      interest rate.

The second way to make money in real
      estate has to do with timber land and I have seen big money being made with
      this method. It can also be done with little or no out of pocket money. It
      involves using an investor. The key is to find a large acreage parcel 20 acres
      and up that has a substantial amount of timber on it. The timber must be
      redwood, pine, fir, or cedar. No hard woods like oak. The trees must be at
      least 18 inches in diameter at chest height in order to be of value in this
      case and bigger is better. We are trying to buy the land and have the trees
      after they are harvested to pay for the land. A lot of the time the timber
      value is not factored into the equation when pricing a property. You can use an
      investor to pay for the property while you get a finders fee for finding the
      real estate and then you walk away with cash.

If you have cash you can do all the
      work and receive all the benefit like the investor would. The work involved is
      paying for a timber harvest plan and coordinating the efforts for getting the
      logs to the saw mill. Lately, many individuals have been doing this but on a
      smaller scale. The buy a portable saw mill and cut the timber themselves and
      basically cutting out the saw mills as a middle man. They then sell the logs or
      make boards that they later sell on Craig’s List or on their own website.

You may need to know the various
      laws concerning what areas allow harvesting, coastal commission laws, general
      timber laws and regulations, and CDF requirements.

There is a lot of Shasta County Land
      that is ripe for this kind of opportunity. Shasta County Property is usually
      very affordable in the first place making it affordable for most people to
      begin this venture here. In searching you will eventually stumble across the
      area of Shasta County Land known as the Trinity Alps Preserve. This area has
      very affordable 40 acres pieces of land but the elevation is too low for good
      trees. You will mostly find Digger Pine Trees which are known for not being harvestable
      due to their odd irregular shape.

Make Money With Foreclosures

The methods of how to make money in
      real estate that I will disclose are honest truthful ways to make real money.
      This is not a get rich overnight scheme. But you can make a lot of money by
      following my advice. There is always some risk involved so be sure to get the
      guidance of a professional Realtor in your area. I am a Redding, CA Real Estate
      Broker located in Shasta County. How to make money in real estate is free advice
      and based off of my own thoughts and experiences.

The first way to make money is
      probably known by most people. But some of the intricate details may be unknown
      or left out. This first way to make money is though buying a foreclosed house
      or ROE and in this case in Redding, CA.  A foreclosed house or REO is a
      house that a bank took back from the owner. Foreclosure is when the bank is in
      the process of taking the house back, which can take up to a year. The owner
      did not make the mortgage payments so the bank foreclosed. REO stands for Real
      Estate Owned. This is different than a Short Sale, where the owner still owns
      the house but the bank agrees to take less than what is owed on the house. A
      Short Sale can drag out for many months as the owner, buyer and bank try to
      agree on the actual sales price. The best way to go in my opinion is with the
      bank owned property, REO, or foreclosed property, (think of it as all the same
      thing.)

The basic idea is to get a good buy
      on a foreclosed home and rent it out. Now, I will tell you the steps involved
      in detail as there are a few of them. First, you must know the numbers so when
      you rent it out; the rent pays for the mortgage including the taxes, insurance,
      and rental agency if you are not going to manage the property yourself. Your
      agent should be able to tell you the approximate taxes, insurance, mortgage
      payment, and rental agency fees before you even put an offer in to see if the
      numbers make sense.

Second, you have to find a good real
      estate broker or agent who knows the area you are looking to buy in. The agent
      needs to be looking out for your best interest and not just out to sell you a
      foreclosed house. You need to find a house that is in a decent area, not all
      run down. Your agent will be able to tell you if the house is in a good
      area.  You need to find your average 3 bed, 2 bath, home, newer the
      better. Try newer than 1976 so you stay away from lead based paint and old
      plumbing. A 3, 2, is the most common home and most desirable and should be easy
      to find. If it needs TLC, that is okay, but if it needs more than carpet,
      paint, fixtures, flooring, or sheet rock, then let it go unless you are into
      major fixers. Ask you agent to notify you the second a new REO goes on the MLS
      Hot Sheet. Where I am its called the Shasta County MLS. This is the Multiple
      Listing Service which brokers and agents use to advertise real estate to other
      agents and the public. Have your agent find houses that are price $10,000 to
      20,000 below the current market value. Have your agent write up an offer for
      $20,000 to $40,000 below the asking price. Make sure you have a pre-approval
      letter from a lender that you can submit with any offers. Since this will be a
      rental, you will need at least 20% down. In Redding, CA that would equal
      $30,000 to $40,000 down.

Once you own the house you can rent
      it or put a little work into it and flip it, market permitting. As the Shasta
      County property market gets better, flipping will become more attainable. Check
      with your Realtor to find the pulse of the market where you live.

Don’t be afraid to have your agent
      write up multiple offers on houses that make sense or counter offer more than
      once if the competition is low. Have your agent find out if there are any other
      offers in on the property. Let your agent handle the strategy, as they should
      be very good at it.