You've been staying up late and for the 37th time you have just seen some guy tell you he bought a house for only $346 and he can teach you how. You're finally convinced. You get out your credit card, make the call and wait for the box to arrive. Or…you faithfully record every episode of "Flip This or That" and you just know it's for you. You would never make those mistakes, or pick that color, or buy a house in a bad neighborhood, right? Maybe you think you can just buy a book and off you go to make millions.
Let's take a step back and analyze your decision. It's a good one. Throughout the ages, real estate has remained a steady investment choice. There are always ups and downs, peaks and valleys, but in the end, over time, real estate values increase. 74% of today's wealthy people made or hold their money in real estate and business ownership. That can't be a coincidence.
Did you catch the last part, the part about business ownership? Real estate investing is not a hobby. It is a business, just like running a pizza parlor or having a lawn care service. You have to treat it like one. You need to learn about setting up your company, protecting your assets, and how to get the most out of tax strategies. And all that is before you decide what your "investment technique" will be. And my friend, there are dozens of ways to invest in real estate. It is kind of like a well-stocked tool belt. You want to use the right tool for each job. With real estate investing, you want to have a tool box full of techniques so you can chose the right one to fit the deal, the market, and your financial goal.
Sound like a lot of work to secure your financial future? Well, real estate investing is not a get rich quick scheme. There are no guarantees. In fact, if someone uses the words real estate and guarantee in the same sentence, run don't walk to the nearest exit.
If you are serious about real estate investing, do your research. Get advise from experts (not your neighbor who is losing his home to foreclosure). You wouldn't go to a doctor who got his degree from an infomercial would you? You want advise and guidance from someone who makes millions of dollars every year with hands on real estate transactions not a guy in a suit selling you books in the back of the room.
The market is turning. Now is the time to start creating the wealth you desire through real estate investing. So what's keeping you from being a real estate investor? Is it lack of knowledge, lack of time, lack of money or credit?
Well, you can make money or you can make excuses, but you can't do both. Take your first step today towards your financial future. Contact us at www.reinvestorsolutions.com/maburkett for more information.
Occupation: Real Estate Professional
Margaret Burkett is a licensed California Realtor and an Independent Student Advisor for Nouveau Riche. If you are interested in learning more about Real Estate Investing, contact us at www.reinvestorsolutions.com/maburkett