What Are You Afraid Of To Invest In Real Estate?
by: JacquesCoquerel |
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With the attention that the media organizations are giving the real estate industry, it's not hard to miss that it's currently in shambles. People are scared to buy or sell properties because of the declining trend in the prices that's going on across the US. But clever investors see this as a chance to position themselves in the market by making acquisitions.
If you look back through time, you'll see that 83 out of the last 85 years the single-family homes have been increasing in value. The only years they didn't was during the times of the Great Depression. Other investments such as on precious metals, stocks, and bonds have not seen this steady increase; this is unprecedented.
The world has come a long way for the last 85 years. Two famous wars have been fought and won, the World War and the Korean War. Recessions, inflation, and deflation have come and gone. This country has also seen major sociological change like the baby boom and the women liberation. We now live in the age globalization and computers, but still people are apprehensive about real estate investment.
The reason is that people are only interested on things that can give them return quickly and easily. And people knew that this is impossible with the slump in the housing market unless they are wholesaling. This is a method that involves buying low and selling low.
But we are not train to look for the long term gain because we live in a microwave society; a society wherein things need to happen fast. We have forgotten that the buy-and-hold strategy have an extra incentive called depreciation and tax advantages.
People are also disheartened about the possibility of lack of tenants, vandalism, maintenance, negative cash flow, law suit, renovation, foreclosure and similar misfortunes. But unfortunately, an investment that is 100% hassle free is not yet invented by men. Luckily however, these challenges can be solved by competent people, even you can learn to solve them and become expert yourself.
If you agree with me, it's not difficult to see that real estate investing have the potential to bring you tremendous wealth. If you could just take a little time to learn the business, conquer challenges, and muster the courage to take the first step, everything is possible. Doctors didn't become one if they didn't undergo years of molding and incur debt along the way.
With real estate investing, it's possible for you to accumulate wealth while avoiding debt during the process. You can enter into this business with virtually no money; all you need is wits and the ability to choose the right people along the way.
Plus, you are not entering an untried territory when you choose real estate investing business. The years of solid track record of this business will speak for itself. Where do you think majority of the millionaires of this country got their wealth from? That's right; they got it from investing in the real estate. At the end of the day, it is the people's failure to grab the opportunity they are dealt with in real estate that's preventing them from building wealth - the fact is that anyone can make it in this industry.
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About the Author
About the author: Jack Cockrel is a real estate investor in Atlanta, Georgia. He has made more than 750 real estate transactions since 1996. For Real Estate Investing Tips get his free course Real Estate Investing Free Course.
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