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If Real Estate Investment Is So Great, Why Doesn't Everyone Do It?Oh, that's an easy one. I can answer that in one word. FEAR.Real estate investment is a great way to change just about everything in your life, but it's one of those things where doing it for the FIRST time is the toughest. In fact, the second is exponentially easier! It's fear folks, plain and simple! And why doesn't make much sense to me. Consider that: - "Everyone knows that the surest path from low income to millionaire is through real estate." This appears to be a well-documented truism. I've seen a similar statement in some of the most prestigious financial resources on the planet. - I rarely hear of someone losing it all from real estate. I might be living in la-la land, but for the most part I only hear of folks prospering from real estate investing. Sure, occasionally I hear of deal going bad or growing complicated, but not to the point of ruining folks. - There are a lot of properties available. Folks are still divorcing, dying, or just not paying the bills and getting foreclosed on. Much of the foreclosure activity is not SEEN by the public, but most of it is available to the public. - There are a lot of properties available at below market prices. That's been my experience anyway. Of course, I have folks right here in my area that tell me they can't find properties. I just smile and nod my head. - Rental demand is strong and rents never go down! So with all this common knowledge and raw opportunity out there, why isn't everyone investing in real estate? Here's my theory. * Real estate transactions are more involved than going to Wal-mart for a pair of undies, so that scares people. You have to learn a little bit. Mind you, this isn't a lot of learning, but it is apparently enough to keep some on the sidelines. * The numbers are big. I've seen folks nearly CEASE UP mentally talking about large amounts of money. Merely talking about a $100,000 mortgage causes some people break out in a sweat. * Horror stories. Everyone's heard about some scam, sink hole, meteor or something else on the fringes of believability that has happened somewhere at sometime. I mean, there is SOME risk involved. * Fear of taking action! It's hard to do something you've never done, and harder to do something you've never done before in a subject matter on which you aren't an expert! People fear something, which makes facing that fear hard. What I'm referring to is what I call, "IT'S EASIER NOT TO." So what does one do to face fear and make a change in their life, Ah, that's just as easy as the last question. I can also answer that in one word…KNOWLEDGE. Once properly armed with the knowledge they need, most folks can overcome their fears to the point of taking action. So if you are contemplating taking your financial future into your own hands by investing in real estate, FOCUS on one thing for the next 3-6 months. Buy books or courses, got to real estate investing club meetings, visit websites and get on discussion groups. Let those things be your action steps for awhile. I suspect you'll be ready to dive into the market with the knowledge you'll gain. I have a motto. "Knowledge Always Precedes the Money." About the author: ------------------------------------- Bruce W. Ford is the editor of Rehab-Real-Estate.com Get his important Special Report entitled "12 Things Real Estate Investment Gurus Won't Tell You" at http://www.Rehab-Real-Estate.com Circulated by Article Emporium How To Make Money In Real Estate Without Buying Any Property: Become A Mortgage Broker How To Make Money In Real Estate Without Buying Any Property: Become A Mortgage Broker. Will Real Estate prices keep going up or will the bubble burst? Who knows? Either way, real estate is a risky business. Tying up all that money and having very little liquidity... The Mind of the Real Estate Investor Myself and many others are living proof that by changing your mental and physical habits, you can build your wealth. This mini-course focuses on changing or fine-tuning your mental habits and attitudes toward real estate investment so that you can profit at will. It's about getti... How To Make Money In Real Estate Without Buying Any Property: Become A Mortgage Broker How To Make Money In Real Estate Without Buying Any Property: Become A Mortgage Broker. Will Real Estate prices keep going up or will the bubble burst? Who knows? Either way, real estate is a risky business. Tying up all that money and having very little liquidity... Glen Rose real estate market growing thanks to demand for exurban subdivisions. Although most widely known as the Dinosaur Capitol of Texas and for its travel and tourism appeal, Glen Rose, Texas is quickly gaining a reputation as a highly sought after city to live in. As recently as 2004, Glen Rose was voted as America's Dream Town (www.glenrosearea.com), an... Selling A Home – What Attachments Stay or Go? The home selling and buying process can be confusing. This is especially true when it is a FSBO (for sale by owner) operation. It's even tougher when neither the seller nor the buyer is in the real estate business. This article sorts through what stays in the house or condo when it... Top 10 FSBO Tips to Selling Your Home by Owner word count 1275 character width 60 resouce box ----------------------------------------------------------- -- ----------------------------------------------------------- -- Top 10 FSBO Tips to Sellin... Finding an Apartment on the 'Net. Sometimes, the best way in finding cheap rental apartments is the cheapest and fastest way – through the Internet. If jobs, cars, and second-hand stuff can be found on the Internet, it should be easy finding cheap rental apartments on the Internet as well. Instead of browsing throu... If Real Estate Investment Is So Great, Why Doesn't Everyone Do It? Oh, that's an easy one. I can answer that in one word. FEAR. Real estate investment is a great way to change just about everything in your life, but it's one of those things where doing it for the FIRST time is the toughest. In fact, the second is exponentially easier! In the second part of The 8 Biggest Rehabbing mistakes we look at three more areas that can swallow up your profits in no time. BIG MISTAKE #6: YOU PAY TOO MUCH WHEN YOU BUY You make your profit when you buy. Pure and simple! I will always tell my coa... Tax Foreclosed Properties as an Investment Tax Properties Every property that is owned is assessed property taxes that must be paid every year. Property taxes are paid to local and state governments based on the appraisal value of the real estate. All states, the District of Columbia, Puerto Rico and the Amer... Home Buying Checklist – Windows If you are in the market to purchase a home, it can be easy to fall in love at first sight. Do so at your own risk. While the overall appearance of a home is important, the quality is in the details. In this article, I provide a checklist of window issues you should consider when v... The Right Time to Buy Your First Home There are many real estate market forecasts and predictions available - however the bottom line is that if you want to buy your first home—there is no wrong time. This is because the motivation to buy is not determined by regional market conditions or by location, but rather by yo... The Key to Real Estate Investing Success... Revealed! How did you get into real estate investing? Did you read a book on it? Was it a seminar? A meeting of some sort with speakers dispensing real estate investing information, but really selling courses? Did you get really, really jazzed and pumped up by these simple ("not easy") conce... How to Use the Internet to Help Your Apartment or House Hunting So you are looking for an apartment to rent or a house to purchase. One of the most important steps is researching the neighborhood to decide if you really like to live in that area. The best way to do this is driving around that area to see if you really like that neighborhood. Yo... Is Your Real Estate Investing Comfort Zone Being Threatened? Have you ever imagined yourself putting through a multi-million dollar deal, going to closing and picking up a check with six zeros? It's the ultimate dream for real estate investors. But why must it be a dream when it can just as easily be a reality. Every day th...
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