Make, "Millions in Real Estate." Become Wealthy
while staying at home after reading my Book, "How I skimmed the suckers
out of $100.00 per copy." Oops, wrong headline... No Experience needed,
"only a credit card." Join Thousands of other people just like you who
are "Making Fortunes in Real Estate." Don't Miss out on the next," Gold
Rush" That is happening right now! Where? In REAL ESTATE DUMMY! I think
you get the Idea. More and more articles, books, and cd's are coming our
way on TV, Radio, Internet, billboards and roadside Bandit Signs all
SCREAMING out the Message that you can make lots of money investing in
real estate... Right Now... All suggest an urgency that you should get
on the bandwagon before it's too late... Also personal appearances' by
Various Real Estate Gurus and famous people all willing to share their
secrets on Making Big Bucks, FAST, - as long as you are willing to open
your wallet and let them have a little taste of your cash. So, I decided
to cash in on this real estate Boom while there was still time for me
to get rich. After all if these people I'm hearing about are making all
this money, often with no credit or money down, why shouldn't I get me
some? Indeed, don't I owe it to my family to make as much money as
possible while these opportunities abound? If the current economic
situation would change, I would be left out in the cold having missed
the chance of a lifetime.
I think you get the idea and perhaps, you've had similar thoughts about getting in on this,"Bonanza." There definitely are a bunch of people making lots of money in real estate today and the ones who are leading the Pack are the ones who are peddling their secrets about How to Get Rich Quick. Well, after trying out some of the methods I would read about or hear about from the,"Real Estate Evangelists," I discovered that Yes you can make money investing in real estate but you better know what you are doing or, the chances are, you will get skinned and lose the money you set aside for this once in a lifetime opportunity and, as an added bonus, blow your credit.
What I am telling you is that there is a learning curve in real estate that needs to be learned before you can start making wise investments and learning this curve will cost you Money and Time. Take foreclosures for example; What I hear from various Gurus is this is great way to make quick money and get a property with lots of equity. And that is true if there are no title problems, no current liens still on the property, no serious construction issues such as foundation problems, termites or other insect issues, no back taxes owed local or federal, no mud taxes and, god forbid no heavy issues with the authorities or the Home Owners Association. Another issue which can bite you is hidden legal problems such as a survey which is not accurate or has not been recorded along with the title in a timely manner. In my quest for wealth and fame I have encountered all of the above mentioned problems and had to really scramble to get them corrected. This cost me time and you will learn very quickly, as I did, that in the Real Estate Game, Time is Money and the clock can tick very fast.
Well, I thought, maybe buying foreclosures have too many potential problems, so I will try flipping houses. The Gurus are quite clear on this and they told me I could easily do this with no money down... Well if you ever tried to buy a house from a seller with no pre-approved credit and nothing down, you might notice, as I did, that after they stopped laughing the real estate sales people handling the house were not very interested in showing the house to me or tying up the property for $10.00 unless I could show them proof of funds.
As I kept hearing about the fast money being made by investing in properties I thought there must be a better way of investing in real estate, which I don't know, and I had better learn how to do this before my cash runs out. So I joined a Real Estate investment cub to learn the ropes. And did I learn. I learned that I needed to watch myself and my money very carefully as there were some very experienced people in there and they were sharks waiting for the new fish to show up. I met a so called real estate investor who was the past president of the club. He specialized in getting new people to work for him for free under the guise of training them, and even got some to pay him for this learning experience. He would have these new fish print signs saying," I buy houses;" at their expense and place these so-called bandit signs at major intersections, which in some cities could get you a $440 fine. That was his formula for making money, get others to work for him for free and throw them a bone if they bring him a deal he likes. He was a past president of the club, and as far as I know is still gulling the new fish with this formula.
So, What is the bottom line to my Rant?? There is no quick easy money. Put those dreams away for another day. Yes, Money can be made in real estate, if you take the time to learn the basics and be very selective of whom you listen to.
I think you get the idea and perhaps, you've had similar thoughts about getting in on this,"Bonanza." There definitely are a bunch of people making lots of money in real estate today and the ones who are leading the Pack are the ones who are peddling their secrets about How to Get Rich Quick. Well, after trying out some of the methods I would read about or hear about from the,"Real Estate Evangelists," I discovered that Yes you can make money investing in real estate but you better know what you are doing or, the chances are, you will get skinned and lose the money you set aside for this once in a lifetime opportunity and, as an added bonus, blow your credit.
What I am telling you is that there is a learning curve in real estate that needs to be learned before you can start making wise investments and learning this curve will cost you Money and Time. Take foreclosures for example; What I hear from various Gurus is this is great way to make quick money and get a property with lots of equity. And that is true if there are no title problems, no current liens still on the property, no serious construction issues such as foundation problems, termites or other insect issues, no back taxes owed local or federal, no mud taxes and, god forbid no heavy issues with the authorities or the Home Owners Association. Another issue which can bite you is hidden legal problems such as a survey which is not accurate or has not been recorded along with the title in a timely manner. In my quest for wealth and fame I have encountered all of the above mentioned problems and had to really scramble to get them corrected. This cost me time and you will learn very quickly, as I did, that in the Real Estate Game, Time is Money and the clock can tick very fast.
Well, I thought, maybe buying foreclosures have too many potential problems, so I will try flipping houses. The Gurus are quite clear on this and they told me I could easily do this with no money down... Well if you ever tried to buy a house from a seller with no pre-approved credit and nothing down, you might notice, as I did, that after they stopped laughing the real estate sales people handling the house were not very interested in showing the house to me or tying up the property for $10.00 unless I could show them proof of funds.
As I kept hearing about the fast money being made by investing in properties I thought there must be a better way of investing in real estate, which I don't know, and I had better learn how to do this before my cash runs out. So I joined a Real Estate investment cub to learn the ropes. And did I learn. I learned that I needed to watch myself and my money very carefully as there were some very experienced people in there and they were sharks waiting for the new fish to show up. I met a so called real estate investor who was the past president of the club. He specialized in getting new people to work for him for free under the guise of training them, and even got some to pay him for this learning experience. He would have these new fish print signs saying," I buy houses;" at their expense and place these so-called bandit signs at major intersections, which in some cities could get you a $440 fine. That was his formula for making money, get others to work for him for free and throw them a bone if they bring him a deal he likes. He was a past president of the club, and as far as I know is still gulling the new fish with this formula.
So, What is the bottom line to my Rant?? There is no quick easy money. Put those dreams away for another day. Yes, Money can be made in real estate, if you take the time to learn the basics and be very selective of whom you listen to.
I have paid my dues learning about Real Estate and hope this
article prevents you from making some of the errors I did and the loss
of money I have experienced by believing in some of these Real Estate
Evangelists. With my extensive construction background I found out that I
still had a lot to learn regarding the basics of investing in real
estate.
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