There are various myths about real estate investing that never seem to die no matter how much you try to kill them! Hopefully, the information provided below will help you avoid falling for these untruths.
Myth #1: You Can’t Make Money in Real Estate Without a Lot of Money.
It’s true that you usually (but not always) need money to get started in real estate. However, you don’t need hundreds upon thousands of dollars to get your investment career started and moving!
As discussed in one of my other articles, one of the great benefits of real estate is “leverage”, that is, you can use very little money to buy your way into properties that will keep on appreciating over time and increasing your wealth. In effect, you have what the military calls a “force multiplier”, that is, with one effective “weapon” you can eventually conquer your piece of the real estate market.