By Cornelius Jackson
www.tHEPOWERISNOW.com
W
e’ve all heard some very common investment stories from family, friends, and even celebrities that say real estate investments are easy to make. But what if you’re not an expert? What if you don’t have a lot of extra money to throw around? What if the person telling the story has no evidence and doesn’t really know what they’re talking about? It might be time for us all to let go of this idea that real estate is an easy get-rich-quick scheme. Not only is it bad advice, but it can also be really dangerous. So, let’s look at the top five myths about real estate for the people who are not real estate experts. 1. It’s a magic bullet When people start talking about making money in real estate, they almost always say something like, “I bought for $50,000 and flipped it for $100,000.” What they’re not telling you is that there were a lot of expenses involved in this deal too. The person might have put in $10,000 or even $20,000 of their own money just to pay the expenses on the deal. Most people don’t want to share that part of the story because they’re trying to make you think real estate is some sort of get-rich-quick scheme that gives you instant wealth.
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Debunking Real Estate Investment Myth in Irvine: Irvine is too expensive for me
