MYTH: It S A Bad Market For Real Estate Right Now

Category: Finance, Real Estate.

If you re interested in making money with real estate, your biggest obstacles are the myths about real estate investing.

Four of the most common bits of" wisdom" that you should never take to heart: MYTH: You have to start with a lot of money. Naysayers have a way of coming out of the woodwork with their" advice, " including the following& #8213. This is simply not true. Buying foreclosure properties is one way to start making money with real estate without laying out a large down payment. You ll find many opportunities for making money with real estate that require little or no cash up front. And if you can negotiate a great price on a piece of property, you can find an investment partner who is willing to put up the funds. Real estate is one of the safest investments you can make.

MYTH: It s just too risky. We all know what can happen with the Stock Market. Real estate investing can bring large and fast profits. And savings accounts and CDs don t bring a high enough or fast enough return for you to enjoy a profit. Of course, every investment has some risk, but if you educate yourself before investing, you ll find making money with real estate is not only a fast way to turn big profits, but a sound way to invest. It s always easier to make any financial move when you have good credit. MYTH: You can t invest in real estate if you have bad credit.

But you don t need good credit for making money in real estate. Using an investment partner, and flipping homes, buying foreclosures are several ways of making money with real estate& #8213. There really are many ways to invest in real estate, even if you have bad credit. No credit required. No matter how the market is at the moment, there are always real estate deals to be had. MYTH: It s a bad market for real estate right now. In a down market, making money with real estate can be easier, because it s easier to find bargains.

This can mean bargain properties for you. And in any market, there are always homeowners who have financial difficulties and end up in foreclosure. Ignore these four myths and the pessimists who perpetuate them, pay attention to what s true, and start making money with real estate!

Read more...

The Report Notes That There Is More Than Just Supply And Demand Driving Rental Rates In The City Up - Finance and Real Estate Blog:

For a good number of years now, renters of NYC apartments have had the extreme displeasure of paying the highest rents in the country.