If you discovered you could buy something at half its value and then sell it a couple days later for double what you paid, would it get your attention? At the very least you’d probably look a little closer. Yet when some people learn that it’s possible to do this with real estate investments they back away shaking their heads.
The myths and rumors surrounding real estate investing have caused many would-be investors to turn their backs believing the level of risk is too high to even consider it an option. Because of this, they lose out on financial benefits and rewards successful investors reap every day.
Successful investors are successful because they know the truth:
It’s totally possible to negotiate real estate deals with huge discounts on the front end, and although there is an element of risk, it diminishes with education and experience.
Don’t let myths or rumors keep you from moving forward in one of the most lucrative careers possible. Here are a few erroneous beliefs about real estate investment to be aware of:
It’s a Bad Investment
Some say real estate is a bad investment. Where do they get their information? There are volumes of evidence to the contrary. It’s actually one of the safest—if you know what you’re doing. Would you bake a cake without a recipe, or drive a car without proper training? Of course not. Real estate is no different.
Even if you see the opportunity, you might think real estate investment is out of your reach because you don’t have the money. What if you learned you don’t need money to invest? That’s true. There are ways you can do your very first deal with a dollar or LESS! No kidding. People just like you do it every day. This is where the value of education comes in.
If the real estate industry sounds good, but you think you’re too young or too old to get started investing, YOU’RE NOT. This common myth holds people back. If you can read this, you’re old enough to begin. Even when you’re deep into retirement, real estate investing can be rewarding. Leading a busy life doesn’t have to stop you either. You can do a single deal, one a month or two a year. Set your own pace.
All of this may sound good until we get to the number one reason many people stop in their tracks before they get started: they don’t know how or where to begin. Believe it or not, this is a GOOD reason not to get started. If you want to be successful, you need to learn first—before your very first deal. Training is priceless—especially in the real estate investment industry.
Learn how to invest wisely, and you will be on your way to living the life of your dreams. Many have and many others are on the way, even as you read this article. Choose your path. Invest either for cash or for cash flow, depending on your goals.
The myths and rumors you hear come from those who don’t know the truth. Ignore them and learn the truth before you decide to pass on this opportunity. Real estate investing can be your stepping-stone to long-term wealth.