Housing Crash, Schmousing Crash...Here's 3 Ways You Can Still Make Money in Real Estate

Yes, it's true that property values have gone down in many places nationwide, and it is much harder to sell houses because fewer people can qualify for a loan. You might have experienced depreciation with your personal residence or investment properties as a result of the housing crash, too.

But I'm here to tell you that it's still possible to make money in real estate TODAY. You don't have to wait for years until the market corrects again. Here's what I would do:

Real Estate Money Method #1: Wholesaling Houses

Did you know that you can make money from finding a great deal, without even buying the property? It's called wholesaling, and it works great in a slow market because it passes the burden of getting financing, fixing it up, and trying to sell it to someone else.

Basically, you find a house that can be bought far below market value. Then, you find an investor willing to buy it for a little more than what you've got it under contract for. You can sell your contract to them or have what's called a "simultaneous closing" and pocket the difference in just a few weeks.

Real Estate Money Method #2: Buy & Hold

If you've got the means on financing houses long-term, why not buy as many as you can right now while they're far cheaper than they used to be (and will be again)? You only lose money on a deal when you sell, so don't sell!

Since it's hard to get a loan these days, many people who would like to own a home cannot, and must therefore rent. For you, this means getting tenants is easier than before, so buying and holding will be a simpler and more profitable way to make money in real estate in the long run.

Real Estate Money Method #3: Loan Modifications

Because of the housing crash, there are a lot of homeowners who are behind in payments. Did you know that you can get paid up to $3,000 to negotiate a "loan modification" between a homeowner and their mortgage company? Because of this, it makes sense to contact homeowners who are in default, and then, if you can't buy the house, try modifying their loan instead so you can still make something.

These three methods work in all market cycles, but are particularly helpful right now. I recommend learning all you can on these topics and try them for yourself!