We have all heard the tried and true stories and fool proof plans for how to make a killing investing in real estate. But the real truth is that if it was as easy as buying low and selling high, then everyone would be doing it. All of the best plans are nothing more than that; it’s just a plan. You have to take action and face unforeseen events or obstacles and then still make it to the final step of selling for a profit. And as with most things in life, nothing is for sure. So in a single word, fear, is what stops most people. They would love to think of getting super rich super quick but they are not willing to take any risk to do it.
It is probably for the best that everyone does not liquidate their life savings and buy the first run down property that they can find in hopes of selling it for a ton of cash in just say a week or two. And of course with little or no hard work involved. Fear can be a form of self-preservation and in the case of real estate investing, fear if financial self-preservation at its most basic.
What they don’t tell you on the thirty minute infomercial at 2 am is that there is a lot of work involved in real estate investing if you want to be good at it and by extension make a profit. Granted it is not all sweat equity but some of it certainly is. And if you are not sweating from doing the physical labor, you are sweating as you worry about protecting your investment and making even a tiny profit. There is also a huge amount of research required to make a good real estate investment. You need to be very familiar with the local market, the current trends in your area and how the specific neighborhood is doing. Are there going to be any new developments in the area that would make an older home less desirable? Are there going to be any big commercial building that will make any housing in the area much more desirable? There is a lot more to know than just the price per square foot of the average house in Phoenix.
So for the few brave souls who know there is a huge learning curve but still want to learn the business, there is an option. Contact www.azrealestatewholesale.com to learn about how you can work with a professional realtor during your first few investment purchases. Having a pro to guide you through the process can make it much less scary and even a fun learning experience. With a few good purchased and sales under your belt, you might be ready to take the next step and move to a larger investment or a more intricate process. But working with a professional realtor is the best way to learn the industry without the fear of losing your life savings.