Real estate is great, and a course in this business will boost your chances of prospering. After realizing immense success in the property business, Nick thought it wise to start nurturing prospective investors. That’s when he founded Nick Vertucci Real Estate Academy in 2013 and now serves as the CEO. Since the first class, many have expressed interest and enrolled for the NVREA real estate educational program.
In the program, you’ll learn real estate investment approaching it from different perspectives. Following are a few of the key areas you expect to cover.
Wholesaling and Flipping Contracts at Nick Vertucci
At NVREA, you’ll learn how to flip contracts. You approach a motivated seller of a property and negotiate a profitable deal such that once you manage to bring them a customer, you gain a profit. As a contract flipper, you become the assignor. After pinpointing a prospective buyer, you then transfer the right of a purchase contract and benefit.
On the other hand, wholesaling contracts involves signing a contract with the seller that you want to buy the property giving you control over it. After that, you’ll embark on the task of identifying a potential investor and assign him/her your contractual rights. In this case, the investor assumes your responsibility and agrees to the terms of purchase and sales agreement.
Leverage IRA and 401K to Fund Investments
The chances are that your IRA custodian at Nick Vertucci does not allow investments in real estate and there’s no way to borrow against the IRA. In that case, you can open a self-direct IRA with a firm that permits investment in real estate. Also, a 401(k) account is prohibited from investing in real estate. However, NVREA has the trick to navigate the restrictions. One tax-free approach is to rollover your 400(k) to your IRA after which you can use the returns for real estate investments.
Rehabbing and Flipping Houses
Even more, at NVREA real estate program, you’ll discover all the intricacies involved in the purchase of assets in real estate and then the sell off for a profit. Flipping is all about buying a property below the market value, renovating and then selling it at a higher price.
Buying and Holding Properties on Long-Term Basis
Undoubtedly, real estate has been on an upward trajectory in most economies. At times, you might be caught in a dilemma whether to sell a property or hold it so it can help with the cash flow. With the professional mentorship you expect from attending the classes in this revolutionary institution, you should approach the issue with objectivity for a better ROI in the future.
You’ll agree that real estate is lucrative. However, you have to be alert for lawsuits that might arise from any dealings and transactions you’re involved in. In Nick Vertucci Real Estate Academy, you’ll know the asset protection strategies and techniques you can use to lower the impact of any risks.
The trick is to make sure that the property is insured and designing a proper structure for holding the property. Regarding holding the property, instead of having the asset under the property owner’s name, you can have them under a limited partnership, corporation or a limited liability company. That way, if any lawsuits result, the damages cannot be passed to the individual’s other investments. Of course, there are more ways of protecting your assets.