One might have come across advertisements showing how making money through real estate is a very easy task. One might also have come heard seminars in radio which guarantee flipping of houses without one’s own money. Also, there are sponsored posts in the Facebook which say that it is very easy to flip house with no money at all. DC Fawcett says When one comes across the word ‘Easy’, one needs to be very cautious. One who is well-versed in realty might know that real estate is not that easy as one thinks. As a matter of fact, if one has to become wealthy, and successful, it is not an easy task.
One might have acquired millions of dollars, but it demands work to manage the wealth and retain it. That is the reason why majority of people who acquire huge wealth turn bankrupt in a matter of years. One might be waiting for the easy way to succeed, but you will just keep waiting for a long time to achieve the success. Investing in real estate provides wonderful opportunities for people to acquire wealth, but it is not an easy task.
Variety of real estate investing techniques – How easy is it to make money -DC Fawcett
There are umpteen ways to make money in real estate. There are some very easy methods to put money into real estate, but those methods will not make one rich. They can give you a decent value in return for the money that is already saved.
Real Estate Crowd Funding:
One of the most noted ways to invest is through crowd funding. One can put in small amounts of money via crowd funding companies. These companies then pool the money with other investors to make a larger investment. This investment changes hands to flippers or other developers in real estate. One may be able to get huge amount with crowd funding, but there would be a lot of money to get affluent via that return. For those who are starting up, crowd funding can be comparatively easy.
Putting money into REIT:
There are the turn-key rental properties. These are rentals that can be purchased and are already rehabbed, managed and rented by a property manager. These are particularly situated in high cash flowing areas and demand less work. However, there are difficulties with occupants, repairs and bad turn-key companies. One might own a turnkey property. Purchasing a turnkey property could be easy, but one should be intelligent enough in selecting the company.
Being partner with other real estate investors:
Yet another option to put money into real estate is to partner with active investor. One among the partners may lend money for a particular deal, while the other partner fixes the deal, completes the rehab and disposes the property. One could lend money or retain equity position also. Partnering can be an easy way to put money if one is just into providing the money. One has to be discreet enough in choosing the right partner and the appropriate properties to lend on.
One has to be very careful when he or she hears that flipping houses is very easy. Usually, there is the possibility of high priced sales pitch arriving soon. One has to be realistic and rational as much as possible, and steer clear of cunning marketing techniques that take people for a ride. Flipping is extremely difficult, and making huge money is difficult. Also, running a business is a herculean task. Performing things that are difficult and coming with results is the best prestige that could be accorded to a person. It makes life a lot easier. As flipping houses may not be very easy, it does not mean that you cannot carry it out. It takes some amount of time and arduous work from the individual.
Dc Fawcett , the founder of the Virtual Real Estate Investing Club, provides a fair idea on how easy it is to make money flipping houses. One can go through the blogs by him to understand the real estate scenario better.