| Nov 10 |
Archive for November, 2008Fatal Real Estate Investing IllusionsYou might have met someone who wanted to make money but did not want to try real estate investing. There are a lot of people who fear this business because of misconceptions about it. Even you probably are hesitating to venture into real estate because of these “fatal illusions” about the market. Here’s a short list of things about real estate investing that are merely illusions: * Formal education is the key to success in this business. That is not correct. There are a lot of successful real estate investors who did not even finish high school. Having a college diploma is not a guarantee that you will make a fortune in real estate. What you need to do is help yourself to learn about the ins and outs of the industry. Hire a mentor. That will significantly cut your learning curve. A mentor is someone who not only knows what you should do, but also wants to see you succeed. You must read books and other educational materials. If you want to learn online, you can visit websites likes REIwired.com and watch informative videos. (more…) |