Myth #1: To create wealth, you have to invest in stocks and mutual funds.
Fact: Real estate investing has created more millionaires than ALL other industries combined including Internet marketing, stock investing and mutual fund investing. In fact, according to the CEO of FNMA (Federal National Mortgage Association), in the hottest bull market in history, more people ended up creating wealth through home ownership than through stock ownership.
Myth #2: Real estate investing requires a lot of money.
Fact: Once you learn how to buy undervalued properties, you can find all types of people who will lend you their cash. You can find these people at your local real estate investor association or by contacting us. Additionally, you can use an option (typically $10 to $100 for the option fee) to control the property and not even need to raise any capital.
Myth #3: Real estate investing requires good credit.
Fact:
This is related to Myth #1. Again, once you learn how to find undervalued properties, you can find all types of people who will lend you their credit, especially if the property has significant equity. Additionally, you can also use an option to control the property and this technique doesn’t require that you have good credit.
Myth #4: Real estate investing requires you to do major rehabs in dangerous neighborhoods.
Fact:
While you can indeed make good money doing rehabbing, you can make even more money working with “pretty houses”, houses in suburban areas that need little renovation. In actuality, you can make $20,000 or more per $100,000 of property (thus, in a high-priced market such as Florida, the average profit would be $40,000 or more per property).
Myth #4: Real estate investing requires dealing with tenants, repairs or house payments.
Fact:
Again, while you can do that, you can also make money in real estate investing without ever having to deal with tenants, repairs or house payments through the use of options. One of our clients recently made $9,800 in 4 days on his last option deal.