If you want to build wealth through real estate investing, you’ll need to steer clear of these three real estate myths:
1. Borrowing money to invest makes you an investor. Real investors have money to invest. If you’re getting funds to invest in real estate from an external source, you’ll want to think carefully about whether this is actually a feasible pursuit for you. Real estate investing, especially fix-and-flip projects, requires a lot of time, energy, and, yes, money. You’ve got to spend money to make money.
2. Real estate investors will get rich quick. Everyone wants to find an easy, fast way to make money. HGTV may make real estate investing seem like the answer to this common goal, but real estate investing is actually a lot of hard work. The path to getting rich through real estate is slow and steady, not instantaneous.
3. A one-day seminar will teach you everything you need to know about investing. This simply isn’t true. It’s much better to learn from someone who is really working in your market than to rely on the larger-than-life stories of some speaker on a stage at a massive real estate event.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.