1. Beware Of The Late Night Real Estate Investing Infomercials
I am a night owl and tend to stay up very late. Occasionally I watch some television during the wee
hours and many of the infomercials for real estate courses are completely shocking to me.
Come on folks, do you really think you can make a million dollars a year doing no work, with no
money, no credit and no risk? Give me a break!
Can you make a million dollars per year investing in real estate? Probably. I haven't... Yet.
Can you do it with no work? Nope.
Can you do it with no money? Yes, but you need to be creative. You need to be working with partners
that have money or credit, or you need to have credit yourself. Or you need to find a seller motivated
enough to offer some type of owner financing.
Can you do it with no credit? Yes, but again, you might need to be creative or use partners. Or both.
Can you do it with no risk? Well, maybe. There is 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 got an option on a
property, you are putting the risk on the seller. If you brought in a money partner, they are taking on
part, or all, of the risk.
So, before you get too excited about putting up three easy payments of $49 plus $19 shipping and
handling, realize that while you can make money in real estate like I have and hundreds of thousands
of others have over the years, it does take hard work, determination and realistic expectations.
California real estate