Six Common Real Estate Investing Myths: Fact or Fiction?

Today I want to talk about six common real estate investing myths that I hear all the time when I’m talking with other investors. Real estate investing at its core is a pretty simple business. Someone has a property to sell, and you are in the business of buying properties. On the surface this is a pretty simple business. However, once you have been in this business for a while, you will see that there are a lot of real estate investing myths and misconceptions about what you can and cannot do. Today I want to jump in and sort some of those out starting with these common real estate investing myths.

Show Notes: Six Common Real Estate Investing Myths: Fact, Fiction, or a Little of Both?

Here are some of the things you’ll find in this show in this show:

How much money do you really need to get started in this business
Does your credit really matter as a real estate investor?
Why this business is easier and more profitable if you have some money when you’re first starting out
Wholesaling 101
Is wholesaling legal everywhere? Why do you need to know this.
Multi-family properties vs single-family when you’re just starting out; how do you decide if one is better for a new investor?
Double closings
The benefits of having a real estate attorney that is also an investor
True or false: you need a large portfolio of properties before hiring a property manager
The number of paid off properties you need to retire comfortably no matter what your age

Final Thoughts

I hope I helped clarify these six common real estate investing myths that so many investors have.

The single most important thing when it comes to building a profitable real estate investing business is taking action. No amount of study, seminars or courses will do you any good unless you turn that knowledge into action.

I will be talking about this more as we go through the next 30 days, but I would encourage you to spend some time to put together a plan for moving your business forward in the next 12 months.

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