Invest In Real Estate For Financial Independence

Invest In Real Estate For Financial Independence



Invest in​ Real Estate for​ Financial Independence
Despite the​ improving economy, 63 percent of​ Americans are somewhat or​ very dissatisfied with their current jobs, according to​ Paige Wagner, operations manager for​ the​ American Real Estate Investor's Association.
Most people simply end up in​ a​ career without really thinking about it, Wagner says .​
Once someone settles into a​ job, they usually stay in​ the​ same industry even when changing jobs.
As an​ example, Wagner reports that only two-tenths of​ 1 percent of​ the​ population are willing to​ change careers midstream to​ become real estate investors .​
Most people aren't willing to​ put in​ the​ effort to​ learn a​ new career, even when they can make up to​ six figures, she says .​
It seems that for​ most people, just the​ idea of​ tackling something new like investing causes them to​ bring up all kinds of​ reasons why they shouldn't get started.
Wagner says people cite the​ following reasons for​ not investing in​ real estate: It's the​ wrong time to​ get into the​ real estate market, they don't have enough money to​ invest, or​ they've heard too many nightmare stories about being a​ landlord .​
However, at​ the​ same time that some people are coming up with reasons to​ avoid real estate investing, others learn to​ overcome the​ obstacles they face.
With members in​ all 50 states, we're able to​ see investors making money in​ both 'up' markets and​ 'down' markets, Wagner says .​
Some investors even use creative methods of​ buying to​ avoid having to​ come up with down payments .​
The investors that hate being landlords usually sell on a​ rent-to-own basis so that their tenant buyer will agree to​ take care of​ all the​ day-to-day maintenance for​ them .​
Bill Bronchick, president of​ the​ Colorado Association of​ Real Estate Investors, notes that real estate investing strategies have changed from years past.
It's a​ whole new ball game today compared with the​ way my mom used to​ invest, Bronchick says .​
Investors these days can get started without cash or​ credit if​ they are willing to​ take the​ time to​ get educated.
Many cities have at​ least one real estate investor group .​
The monthly meetings and​ trainings are a​ good place to​ meet others who are already investing or​ interested in​ doing so, Bronchick says .​
You can also get a​ feel for​ whether you are in​ a​ hot or​ a​ cold market by talking with other investors.




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