Many people considering getting into real estate investing have the same questions about what all is involved and how they can get started. Below we’ve listed some real estate investing FAQs along with our answers to help you out.
Why should I invest in real estate?
As long as it is done responsibly, investing in real estate is a safe way to create financial freedom and build long-term wealth for yourself and your family. Unlike other forms of investing, you don’t need any money to get started and you have much more control over the outcome. Also, good real estate investments can provide positive cash flow much faster than other forms of investment, and that cash flow is less susceptible to the ups and downs of the economy.
I have a full-time job. Can I still get started in real estate investing?
Absolutely! There are many ways to get started in real estate investing while holding down a full-time job. In fact, many real estate investors have no intention of ever leaving their jobs, and just do it for fun or to create an additional stream of revenue. While it is certainly possible to make a career out of real estate investing, that option isn’t for everyone. If you only want to spend a few hours a month on real estate investing, you can still make money doing that.
Do I need to pay some guru in order to be successful?
The short answer is no, you don’t. You can learn everything you need to know to be successful in real estate investing using free online resources. In fact, we share those resources with you on page 8 of this guide. However, as with many other things in life, having a trusted mentor to help you learn the ropes can save you a lot of time, and prevent you from making some very expensive mistakes. Our affordable (or, in some cases, free) training programs are designed to help you achieve your real estate investing goals faster and at a lower cost than what you could accomplish on your own.
Does investing in real estate take a lot of money?
No, in fact you can actually get started in real estate investing even if you have no money. One of the best ways to do this is to begin by helping an experienced investor find properties to purchase, and getting a commission for doing so. We teach you how to do just that in our bird dog training classes.
Is real estate investing a way to get rich quick?
With a few rare exceptions, no. As with anything else in life, achieving great success in real estate investing requires time and energy. For those with the patience to learn, it can certainly be very financially lucrative in the long term. However, there are ways to start generating modest amounts of income very quickly through real estate investments.