Five Myths about Making Money with Real Estate

Don’t let these misconceptions about real estate investing keep you from the satisfaction of making money with real estate.

Real estate is so risky. The truth is that real estate is one of the safest investments you can make.  Though making money with real estate involves some risk, the more you educate yourself, the less risky it is.  In reality, investing in the stock market is not a sure bet, but making money with real estate, done right, almost certainly is.

The economy is bad. The truth is that any economy can be conducive to making money with real estate.  If house prices are going down, buy at an even lower price, and sell just below market.  Offer an incentive to buy.  If you’re investing in a rental property, offer free upgrades.  If spending a little every month means you’ll succeed at making money with real estate, it’s worth the effort.

There’s too much competition.  The truth is that while there are a lot of people who would like to be making money in real estate, few actually act on it.  At any given time, there are hundreds of properties for sale, many with eager sellers. If making money with real estate is your goal, there are plenty of opportunities, ripe for the picking.

I don’t have money to get started.  The truth is that you don’t have to have large amounts of money (or any money) to start making money with real estate. In many cases, you can get started with as little as $10.00 to cover the price of the contract.

It takes too much time.  The truth is that making money with real estate only requires the time you might take to do a hobby – or to watch television.  Yes, you may have to cut back on some TV time, but when you start making money with real estate, you won’t even feel “deprived.”

Here’s the truth about making money with real estate:  There are plenty of properties out there that can be had with a minimum cash outlay, and sold for a nice profit.   It doesn’t require any more time than a typical leisure activity, and it can be done in any economy.  So, what’s keeping you from making money with real estate?

About Lance

Lance Young's expertise in real estate investing is grounded in more than 19 years of independent real estate deals and mentoring of novice investors. His first success came with buying and selling preforeclosure houses. Later, he made tremendous profits in the probate house market. In 1996, Lance wrote down what he had learned in a one-of-a-kind, step-by-step program for beginners and seasoned investors that shows how to make money buying preforeclosure and probate houses. The programs are updated frequently to fit the changing real estate market. His investing techniques require just a $10 contract deposit and 10 hours a week finding the most profitable opportunities. Testimonials from his students show that with no experience, people have made first-time profits of $11,000, $31,000 and even $80,000 just by following his simple guidelines. Through his web site, PropertyForeclosure.com, Lance Young has shared his simple, yet powerful investing methods with thousands of students while continuing as an active investor himself. His motto is: To teach others to become successful, you must keep your hand in and practice what you preach.
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