THE TRUTH ABOUT REAL ESTATE INVESTING…IS IT RIGHT FOR YOU?
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You have probably been hearing, seeing and reading that real estate investing is the best thing since sliced bread. There are many late night cable television infomercials spewing out sales pitches for courses that teach you how to buy residential real estate no money down or for next to nothing. Furthermore, polished pitch men on the advertisement emphasize that it is so easy that anybody can do it. They smugly show you that it is simple as they pencil out on the back of a napkin how you will supposedly make a fortune in real estate. Then these real estate investment course promoters show “actual” interviews of people who have reportedly made gobs of money with the course system.
Although it is true that fortunes can be made in real estate it is actually more likely that it will be the guru owner of the real estate course than you! The reason is that real estate investing is a lot harder than most people realize. When you buy,
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rent, and sell real estate as opposed to stocks you are dealing directly with people and there is not organized exchange to keep things standardized. Don’t forget that courts see it as their duty to protect the shelter of families even if they are non paying renters who are total deadbeats. Another problem is that many contractors who do odd fix up jobs for real estate rehabbers are drifters with as many personal and financial problems as bad tenants. They damage houses and are down the street as soon as they get a little cash out of the hapless real estate investor.
It also takes many years to learn how to properly assess value in a town or neighborhood and get the required experience in real estate closings to not have the big profits you initially think you see in a deal leak out. The key point is that real estate investing is a business. Like any other business it requires constant dedication and education. If you work full
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TODAY'S NEWS:
BusinessWire - Research and Markets (http://www.researchandmarkets.com/research/ffc615/research_report_on) has announced the addition of the "Research Report on Chinese Real Estate Industry, 2010-2011" report to their offering. Since 2009, with the ...
March 9, 2010 (CHICAGO) (WLS) -- Jury selection was under way Tuesday in the trial of a Chicago real estate developer, accused of bribing an alderman. The process had been delayed one day to allow a defense appeal. Calvin Boender is accused of ...
New York - US financial conglomerate Citigroup Inc has agreed to sells its real estate division, City Property Investors, to the US-based private equity investor Apollo Management LP, according to reports Wednesday. Apollo stands to acquire 65 real estate investments in 26 countries with a net asset
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time it means losing your free time to your rentals and rehabs. If a property doesn’t sell or if the tenant doesn’t pay you will have to lose part of your salary to cover the mortgage. You should enjoy your regular full time job because you selected it. If you prefer cookouts and trips to the beach over collecting rent and repairing your residential real estate investment then the stock market is a better place for you. If you are interested in real estate investing I have a list of reliable real estate investing courses as well on my website!
About the Author
Short Bio:
ABOUT THE AUTHOR: Dr. Scott Brown, Ph.D., the Wallet Doctor, is a successful investor. Dr. Brown holds a Ph.D. in finance. For more information visit Dr. Brown’s site at http:// www.BonanzaBase.com
or sign up for his investment tips at http:// www.WalletDoctor.com
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