The Things That Keep People From Investing In Real Estate
Jacques Coquerel
If you used to listen to the news, then it's no longer a secret to you that the real estate in the United States is currently experiencing trying times. Real estate prices are declining across the country and people are scared to buy or to sell. Smart investors, however, find it an unprecedented opportunity to get into the market and make some smart purchase for the future.
During the last 85 years of the real estate history in the United States, the housing market prices have seen a steady increase except only during the Great Depression. But this downturn in real estate prices then only lasted for 2 years. This amazing record of the real estate industry is even unmatched by other forms of investments like valued metals, stocks, and bonds.
The world had witnessed many great events this past 85 years. We had two world wars; the Korean War, and the Viet Nam War. We had dozen recessions and a fair share of inflation and deflation. We had baby boomers and women liberation movement and we now have computers, Internet, and globalization. And yet many investors will not touch real estate.
The reason is that people are only interested on things that can give them return quickly and easily. And people knew that this is impossible with the slump in the housing market unless they are wholesaling. This is a method that involves buying low and selling low.
But people don't want to wait for long to see their gain; people seem to want everything instant these days. They forgot the two advantages of buy-and-hold; that is to say depreciation and tax advantages.
People are also disheartened about the possibility of lack of tenants, vandalism, maintenance, negative cash flow, law suit, renovation, foreclosure and similar misfortunes. But unfortunately, an investment that is 100% hassle free is not yet invented by men. Luckily however, these challenges can be solved by competent people, even you can learn to solve them and become expert yourself.
As you can see, real estate investing could very well be your income earner and wealth builder. You just have to spend some time to learn how to overcome the challenges and be courageous enough to take calculated risk. Take a look at doctors; they endure years of battering school and incur huge debt just to attain success.
Real estate investing is a business where you can make hundreds of thousands of dollars and you don't necessarily need to incur debt to start with. There are many ways to enter in this business with no money down; you just got to be diligent enough to find the right partners.
Real estate is perhaps one of the most proven income earners of this country. This business exists for almost a century now and it had kept a marvelous record since its birth. Almost the country's entire millionaire came to be because they invested their money in this business. What's keeping the rest from making huge income is their incapability to take an opportunity presented to them in real estate investing - anyone has the potential to make it big in this business.
About the author: Jacques Coquerel is a real estate investor in Atlanta, GA. He has transacted more than 750 properties since 1996. For
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