So You’re Thinking Of Becoming A Real Estate Investor?
Becoming a real estate investor should be seriously considered before investing in your first property.
Today, there are many career and part time business opportunities that promise to help you live a life of greater wealth and freedom. There are, for example, work-at-home opportunities that promise to allow you to stay at home, parked in front of a glowing computer screen and promising you’ll be earning a good living. The fact is, you can become an entrepreneur in just about every field. You can own a chain of stores, start your own home-based business, or you can sell your own information products such as audio discs or online courses online.
With all these options, why should you become a real estate investor?
In my opinion, even with the many opportunities out there today, becoming a real estate investor is still one of the smartest choices for many would-be entrepreneurs, and here’s why. Unlike other choices:
Becoming a real estate investor can actually carry less risk.
The truth is, everyone needs real estate sooner or later. Businesses need retail space in order to house their shops or store their supplies, and families need homes in which to live.
This constant demand ensures that the smart real estate investor always has willing audiences looking for his or her product. This is simply not true of people who sell information products or who work at home at other careers.
Secondly, the earning potential for real estate investors are sky-high.
Because real estate investors are selling very high tag items — homes sell for anywhere from tens of thousands to millions of dollars — the profit margins can be terrific.
At the same time, start up costs for the real estate investor are not prohibitive. If you want to own your own chain of restaurants, you may need to invest hundreds of thousands of dollars or go deep into debt in order to purchase the space, supplies, and in order to hire the staff. You can realistically become a real estate investor while still at college and living in a dorm room.
You do not have to have specialized knowledge, tons of ready cash, or much of anything else except knowledge and focused determination. The truth is, there are already a number of mortgage products, loan products, and other financial resources in place to help the would-be real estate investor get started. After the first real estate deal or two, the real estate investor generally has enough money of his or her own to start investing in more properties.
Therefore, the real estate investor does not have to stay in debt and therefore face the risk of losing money in a bad economy.
Thirdly, becoming a real estate investor can be deeply satisfying.
A real estate investor helps families find an ideal home, helps people with bad credit find a property that they thought they could not afford, and helps businesses established a base of operations. It can be truly rewarding for the real estate investor to make such a deep impact on people’s lives. At the same time, the real estate investor enjoys complete freedom. He or she does not have to report to a boss, spend hours in a cubicle, or even spend hours at home.
“This sort of freedom — combined with the truly awesome earnings potential of being an investor — makes real estate investing a wonderful part time business opportunity.”
If you want to earn a real living while enjoying greater freedom, consider all your options. Once you do, you may find that becoming a real estate investor makes the most sense. This is the opportunity that allows you to survive in just about every economy and allows you to enjoy a truly rewarding career and truly terrific profits. klimt cairnhill