7 myths about real-estate investing
The truth about real estate investing
What are the benefits?
Real Estate Investing is one of the most lucrative, tried and tested methods of wealth building known to mankind. Why? Real property is a limited resource that is quickly becoming in short supply. Think about what drives most economies and it's based upon natural resources, which for the most part are tied with land. Also, realize that businesses, stocks, CDs and mutual funds come and go, but we need houses and dwellings to live in.
This results in a constant demand for housing, land, commercial properties, agricultural land, recreational areas, etc.
The best part is the market is so huge that you can choose to invest in foreclosures, preforeclosures, REITs, probate homes, rental properties, and much more.
Furthermore, you can use owner financing, creative deal making or traditional bank financing and you only have to come up with a small percentage of the down payment.
There are even ways to use money you thought was tied up in an Individual Retirement Account (IRA) to finance your real estate purchases.
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