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.
This same experience happened to me where I ended up having to get a loan to buy a house I put under contract and 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.
Real Estate investing, if you do it full time, is not a simple fun hobby that you do on the side like you see on TV where people flip houses and make a bunch of money. Yes, it can be done, but in my opinion the TV shows are dramatized crap that does more harm than good. They make people think one can get a junker property, invest a lot of money in it, and sell it really fast making 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. - 16089
This same experience happened to me where I ended up having to get a loan to buy a house I put under contract and 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.
Real Estate investing, if you do it full time, is not a simple fun hobby that you do on the side like you see on TV where people flip houses and make a bunch of money. Yes, it can be done, but in my opinion the TV shows are dramatized crap that does more harm than good. They make people think one can get a junker property, invest a lot of money in it, and sell it really fast making 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. - 16089
About the Author:
About 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. Click here to learn how to find all the buyers you will ever need to build a massive monthly income in Real Estate today
