Not sure if you have ever considered real estate investing before, but today I want you to give it a chance. No, I am not asking you to get up, apply for a loan, pull all your savings out the bank and invest in this bridge opportunity in Alaska with me. Just asking you to put down your guard for a moment as we talk about the three reasons I believe you should consider real estate investing.
First of all, you don’t need to have a bunch of money to get involved in real estate investing for beginners like you might suspect or as others might tell you. There are many different investment options for you to consider, but those are for another day. Today, I just want you to remain open to the possibility and not be so negative towards the adventure.
Here are your three reasons to consider:
1) The Challenge
If you are anything like me, and I suspect you are a bit, you love a good challenge. Well there is nothing like the adventures that you tend to go through as a real estate investor. At every turn there is something there that will make you adjust your style, approach, and time frame for getting something done. You have to manage people, personalities, expectations and then comes the money. If you don’t have a tight grip on the finances, things can get out of control in a hurry. You have to work with people that no more than you in particular areas to ensure that you are not being taken for a ride on this can’t miss deal that you have found. There are a lot of moving parts, but the challenge is amazing and the rewards can be as well.
2) Helping People
Many people probably don’t look at real estate investing as a humanitarian effort, but it can be. Not everyone in this field is out to make all the money they can at the demise of those around them. There are those that love the idea of purchasing a run down home on a block, fix it up, and sell it at a modest profit helping the neighborhood look, feel better and the purchaser as you kick in an extra 5% toward their closing cost to ensure they are off to a great start in their first home. Or you could be the landlord that rents to underprevilaged families to give them a solid place to build their future. And in the months they are there, work with them to help them build their credit score, get a grip on their debt, and learn how to save in the process.
Might sound hard to believe, but there are good people out there in the real estate market that are ready and willing to help others. It is just that the media don’t always focus on these people because it doesn’t make a great story. It just help people.
I would be lying to you if I didn’t talk about the money that can be earned from real estate investing. Don’t be fooled into thinking that this is all for humanitarian movement. There is flat out cash to be made in real estate if you are willing to put in the hours of study, research and networking necessary to be successful. If you have the drive and ambition, then you can get it done, no problem.
There are just three reasons you should consider being a real estate investor. Let’s here some of your reasons you might want to get into the field or did I hit them all?
Freddie E. Taylor, MBA is the publisher of Invest With Passion, the #1 real estate investment magazine online, providing practical and useful information for real estate investing, small businesses, and personal finances. Visit us online at http://investwithpassion.com.