Are you intrigued by the idea of real estate investing but held back by common myths that seem to loom over your aspirations? It's time to dispel these misconceptions and pave the way for your real estate journey.
You need a lot of money to invest in Real Estate.
I speak to clients who think the only way to become a Real estate investor is that you have to save up 20% to put down in order to invest. FALSE. There are a number of strategies that allow you to put between 3%-5% down in order to become an investor.You need excellent credit to invest in Real Estate. FALSE.
When I bought my first home I had a 589 credit score. We bought a house with a basement and began collecting rent from our tenant. This rent helped pay down debt, pay towards childcare, and any other extra things we had come up with when we were first getting started. You do not have to have excellent credit to become an investor.You need to be debt-free in order to invest in Real Estate. FALSE!!!
This is a big one. By investing in Real Estate you can use the money you earn towards paying down your debt with other people’s money.I don’t have time to invest in Real Estate. FALSE.
I love helping everyday people with 9-5 jobs become Real estate investors. With the right systems and plan, you can invest in real estate under 3 hours a month!
As we conclude this exploration of the myths surrounding real estate investing, remember that your financial future doesn't have to be limited by misconceptions. The world of real estate is more accessible than ever before, and these myths shouldn't hold you back from taking the plunge.