I am a night owl and tend to go to bed very late. Every once in a while I watch TV in the wee hours of the morning and many of the infomercials for real estate courses completely shock me.
Come on folks, do you really think you can make a million dollars a year with no work, no money, no credit, and no risk? Leave me alone!
Can you make a million dollars a year investing in real estate? Probably. I have not yet.
Can you do it without work? No.
Can you do it without money? Yes, but you have to be creative. You must work with partners who have money or credit, or you must have credit yourself. Or you need to find a seller who is motivated enough to offer some type of financing to the owner.
Can you do it without credit? Yes, but again you may need to get creative or use partners. Or both.
Can you do it without risk? Well, maybe. There’s risk in everything, but you can significantly limit your risk by either sharing it or putting it entirely on someone else. For example, if you have an option on a property, you put the risk on the seller. If you have used a financial partner, they assume part or all of the risk.
So before you get too excited about making three easy payments of $49 plus $19 shipping and handling, know that while you can make money in real estate like me and hundreds of thousands more over the years, it takes hard work. , determination and realistic expectations.
