Real Estate Consorsium

Getting Rich in Real Estate – Full Time Job or Fast Track to Wealth?

April 21st, 2011 by admin No comments »

Getting rich in real estate is a lot of work and a full-time job. As a full-time professional real estate investor, I get a little upset when I see late-night television show commercials touting just how easy it is to make a huge amount of cash, part-time as a new real estate investor.

It’s just not true.

While you can make large amounts of cash as a real estate investor, it does take an investment of time to learn the business and your market and having some cash to spend on marketing or holding cause sure helps.

While there are methods for generating large amounts of cash quickly in real estate (like wholesaling and flipping), I generally recommend people get rich slowly with real estate investing by becoming a long-term buy rants and hold investor. » Read more: Getting Rich in Real Estate – Full Time Job or Fast Track to Wealth?

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Posted in Real Estate Jobs

Getting Started in Residential Real Estate Investing

April 20th, 2011 by admin No comments »

Residential real estate investing is a business activity that has waxed and waned in popularity dramatically over the last few years. Ironically, there always seem to be a lot of people jumping on board with investments like stock, gold, and real estate when the market’s going up, and jumping OFF the wagon and pursuing other activities once the market’s slumping. In a way that’s human nature, but it also means a lot of real estate investors are leaving money on the table.

By understanding the dynamics of your residential real estate investment marketplace, and acting in opposition to the rest of the market, you can often make more money, as long as you also stick to the real estate investing fundamentals. » Read more: Getting Started in Residential Real Estate Investing

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Posted in Real Estate Investing

Real Estate Investing Requires Education

April 19th, 2011 by admin No comments »

I really believe in getting an education in real estate investing, especially before launching a real estate investing career. I have been investing in real estate for 25 years, but I still spend thousands of dollars each year to learn more about real estate investing. To avoid unnecessary risks, you need to know as much as possible. If you make a wrong move in buying, managing or selling your property, you can lose everything, and your efforts will be flushed down the toilet. On the other hand, if you have what I call know-how savvy, you can weather almost any of the financial storms that will inevitably brew around your real estate investing venture.

Here are some of the critical essentials to make real estate investing pay off.

1.You’ve got to have a solid overview of the business.

You just can’t go out and start making offers – even if you have some money. I guarantee you’ll lose your money if this is your approach.

Don’t think that fixing up houses is a piece of cake. You’ve got to know what you’re doing. » Read more: Real Estate Investing Requires Education