Sunday, May 4, 2008

Real estate investment and barriers

As a real estate investor there are some barriers which keep you from being successful. You want to be a Real Estate Investing Millionaire, but for some reason you can't seem to find good deals on houses. This is a natural enough reaction from people who are asked to take a risk with their investments on a daily, almost, basis. Going around with a Realtor, driving around nice neighborhoods, looking for Sale signs, looking on the web, telling a few people that you buy houses, etc are the most common ways that people adopt. These are a major waste of time. What you are doing is looking for deals on houses and not looking around for people who need to get their problems solved. Spend time knocking on the doors of homeowners in foreclosure. These people usually have serious issues that need to be solved. No one sells their house at a serious discount unless they have to. You should be ready to put in all that hard work that will free you from the daily wage-slavery you are in. If you think you have understood this, feel that the time has come and you are prepared to learn, then this should be the first step in a journey that will take you to the rest of your life.