I talk to many investors who started in Real Estate with the goal of buying and selling houses, but they ended up being landlords - and they hated it. I personally love rental houses and own a lot of them, but these sad stories led me nevertheless to focus on finding buyers.
I had the same experience when I ended up having to get a loan to buy a house I put under contract but was not able to sell.
Luckily, I had a mentor who told me to forget everything I ever learned about real estate and who took me through the ropes on a new way of investing - and that is finding what people wanted and not what I thought they should have.
If you do real estate investing full time, not as a hobby that you get in and do on the side, it is a serious job. Yes, you can flip houses and make a bunch of money like you see on TV, but the TV shows, in my opinion, are dramatized crap that does more harm than good. They make people think they can go out and get a junker property, put a bunch of money in it, and sell it really fast and make a killing.
Wake up and get real! Most of the time it does not work like that in the real world, and you will find it out really fast. Really know what is going to sell before you put time and money in the deal.
For that you will have to find the buyers and ask them what they want. It can be an easy process if you set up a system that does it automatically. Learn the secret that most the gurus don't tell you - how to find out what will sell before you buy. - 16003
I had the same experience when I ended up having to get a loan to buy a house I put under contract but was not able to sell.
Luckily, I had a mentor who told me to forget everything I ever learned about real estate and who took me through the ropes on a new way of investing - and that is finding what people wanted and not what I thought they should have.
If you do real estate investing full time, not as a hobby that you get in and do on the side, it is a serious job. Yes, you can flip houses and make a bunch of money like you see on TV, but the TV shows, in my opinion, are dramatized crap that does more harm than good. They make people think they can go out and get a junker property, put a bunch of money in it, and sell it really fast and make a killing.
Wake up and get real! Most of the time it does not work like that in the real world, and you will find it out really fast. Really know what is going to sell before you put time and money in the deal.
For that you will have to find the buyers and ask them what they want. It can be an easy process if you set up a system that does it automatically. Learn the secret that most the gurus don't tell you - how to find out what will sell before you buy. - 16003
About the Author:
The author, Jesse Davis is an expert wholesaler in the Jackson, Mississippi, Real Estate market. He has wholesaled over 80 properties this year alone, and he teaches a seminar on how to really be successful in today's market. Go here to learn how to find all the buyers you will ever need to build a massive monthly income in Real Estate today
