If you have been thinking about a real estate investing business, I have some thoughts on the subject. First I would say that the upside potential is huge. The downside potential can scare the pants off most though.
I have been looking for the right mentor to suggest to you here. But I have found that it has been rather difficult.
There are so many pros and cons, but the truth is always in the application. In other words, you might learn from any of the sources that I might mention here, but what you actually do with it will be the real indicator of its worth.
Most people are great at starting projects and then simply don’t complete them. This is where most people fail and consistency leaves people looking like a stick in the mud.
Seriously if you just look at new year’s resolutions and gym memberships, you can tell that most humans are that suited for consistency.
Most kind of wander aimlessly.
I don’t know about you but I love watching HGTV and those flipping shows. They are simply fascinating and the finished projects look incredible. It really seems to take people with real vision.
So, it is no wonder that I or you for that matter may be tempted to try our hand at the deal. The only thing that I can say is that you have to go in with your eyes wide open. I did some researching online to figure out where to direct you to next and came across this guys site who explains how he had much the same hopes and aspirations but was met by unforeseen challenges that cost him it all. You can visit the site here.
In all I wonder if the market is too competitive. Based on my research it seems that you have to do a lot of mailers or networking to get leads to buy or even sell (wholesaling) homes. It’s kinda crazy and it just seems there has to be a more straight forward way to make money from home.
That is just my thought.
You can check out some of the other ideas I have had in the past. I think things like Ebay could be slightly saturated, but at least there doesn’t seem to be the risk present that something like real estate poses.
You can check out the EBay concept here.
In addition, I hope to bring you a post about starting your own cleaning business like I did at one point. I think that might be slightly easier than trying to shake your way into the real estate game.
In the meantime, check out the one I did on sewing. I thought it’s a cool idea.