id you know that real of this article is to share
estate investing has techniques of creative real
created more millionaires estate investing that debunk
that ALL other industries these common myths about real
combined? The question, then, is estate investing.
why are more people not invested
in real estate? Even with the 1. Myth #1: To create wealth, you
increased awareness in real have to invest stocks and mutual
estate investing, more people are funds.
still familiar with other forms
of investing such as stocks and Fact: Real estate investing has
mutual funds. created more millionaires that
ALL other industries combined
In this article, I will discuss 7 incluing Internet marketing,
myths that about real estate stock investing and mutual fund
investing that are costing you investing. In fact, according to
tens of thousands (maybe hundreds the CEO of FNMA, in the hottest
of thousands of dollars). These bull market in history, more
myths persist because most people people ended up creating wealth
invest in real estate using through home ownership than
conventional financing, which through stock ownership.
often requires 5% or more as a
down payment. Assuming that 2. Myth #2: Real estate investing
$150,000 is average price of a requires a lot of money.
house in your area (in most
cities, it's significantly more Fact: Once you learn how to buy
than that), you would need $7,500 undervalued properties, you can
as a down payment (and this find all types of people who will
doesn't even include other fees lend you their cash. You can find
such closing costs). The purpose these people at your local real
estate investor association or by suburban areas that need little
contacting us. Additionally, you renovation. In actuality, you can
can use an option (typically $10 make $20,000 or more per $100,000
to $100 for the option fee) to of property (thus, in a high
control the property and not even priced market such as Florida,
need to raise any capital. the average profit would be
$40,000 or more per property).
3. Myth #3: Real estate investing
requires good credit. 5. Myth #4: Real estate investing
requires dealing with tenants,
Fact: This is related to Myth #1. repairs or house payments.
Again, once you learn how to find
undervalued properties, you can Fact: Again, while you can do
find all types of people who will that, you can also make money in
lend you their credit, especially real estate investing without
if the property has significant ever having to deal with tenants,
equity. Additionally, you can repairs or house payments through
also use an option to control the the use of options. One of our
property and this technique clients recently made $9,800 in 4
doesn't require that you have days on his last option deal.
good credit.
6. Myth #5: You can only make
4. Myth #4: Real estate investing money in hot markets.
requires you to do major rehabs
in dangerous neighborhoods. Fact: You may believe that you
can only make money by investing
Fact: While you can indeed make in hot markets such as Las Vegas
good money doing rehabbing, you and Florida. The reality is that
can make even more money working once you learn how to buy
with "pretty houses", houses in undervalued properties, you can
make money regardless of what the safety margin.
local or national market is
doing. These myths about real estate
investing are probably preventing
7. Myth #6: You have to take huge you from real estate investing
risks when investing in real and therefore costing you tens of
estate investing. thousands of dollars. By using
options and other forms of
Fact: You actualy have more creative real estate investing,
control when buying real estate you can overcome these myths and
than when you buy stocks and make money in real estate
bonds. You can determine the investing without dealing with
value of the house by using the tenants, repairs and holding
multiple listing service (MLS) costs or needing a lot of cash or
and commercial databases and as good credit.
long you can the properties under
value, you have a significant
About the Author:
To get a free real estate course on how you can make $10^000 in 90 days...without dealing with tenants, repairs and holding costs, visit http://www.wealthautopilot.com/course
Source: www.isnare.com
