Beware of the Late Night Real Estate Investing Informercials
I am a night owl and tend to stay up very late. Occasionally I watch some television during the wee hours and many of the infomercials for real estate courses are completely shocking to me.
Come on folks, do you really think you can make a million dollars a year doing no work, with no money, no credit and no risk? Give me a break!
Can you make a million dollars per year in cash (not equity) investing in real estate? Probably. I haven’t… yet.
Can you do it with no work? Nope.
Can you do it with no money? Yes, but you need to be creative. You need to be working with partners that have money or credit, or you need to have credit yourself. Or you need to find a seller motivated enough to offer some type of owner financing.
Can you do it with no credit? Yes, but again, you might need to be creative or use partners. Or both.
Can you do it with no risk? Well, maybe. There is risk in everything, but you can significantly limit your risk, by either sharing it, or putting it entirely on someone else. For example, if you got an option on a property, you are putting the risk on the seller. If you brought in a money partner, they are taking on part, or all, of the risk.
So, before you get too excited about putting up three easy payments of $49 plus $19 shipping and handling, realize that while you can make money in real estate like I have and hundreds of thousands of others have over the years, it does take hard work, determination and realistic expectations.
Until my next post,
James
P.S. For a realistic, practical set of training materials on investing in real estate and consulting to help you implement the strategies in your own business then sign up for our Real Estate Investor Bronze Membership to access over 100 real estate courses, systems, checklists, forms and on-going free training and consulting.
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