As questions circulate the real estate world, a lot of misconceptions arise. Oftentimes, these misconceptions cause misinformed decisions and sometimes even dissuade potential investors from investing in real estate. How do you know what is fact and what is fiction? To ensure you know the facts and understand the reality of investing in real estate, we have debunked some of the most common real estate investment misconceptions:
You need a lot of money to invest in real estate
While you do need money, you don’t need a lot of money. How can you invest in real estate with little to no money? Here are several ways:
- Become an owner occupant – What is this? This is where you buy a house, fulfill its loan requirements within a year, then move out and rent your property.
- Partner with other investors – This is a great option if you’re just starting out in real estate. Partnering with others is not only great financially, but it also allows you to benefit from their experience and knowledge in real estate and investing.
- Wholesaling – Allows you to get involved in real estate without buying or selling! How does that work? Basically, you find someone who wants to sell their house before it goes on the market – from there, find a buyer, and get a cut of the selling price.
These are just a few options to help finance your investment property. Do you want more options? Take a look at these nine ways to invest in real estate with little or no money.
You don’t need to network
Successful real estate investors are great at networking! After all, networking is one of the most important aspects of a successful career and business. Networking can provide you with resources and contacts to meet other investors, clients, REALTORS®, associates, tenants, buyers and more. To sum it up – networking can only help your investment.
Investing in real estate isn’t a good idea
Investing in real estate is a great idea. From the increasing demand for housing and rental properties nationwide to the rising home values (especially in Austin, TX) to appreciation, the benefits are endless. The question you should be asking is, “Where should you invest in real estate?” If you need help pinpointing a spot or neighborhood to invest in real estate in Austin, we would be happy to help! Contact TALK Property Management to get started today!
Real estate investing is easy
Investing isn’t easy – it requires extensive research. What information should you research? Say you are interested in a property in Austin, we recommend you learn everything you can about current trends, city demographics, mortgage rates, consumer habits, demand for housing, laws and legislation, developments and more. Basically, you should know everything about the city! If you are considering an investment property in Austin, we can help with some of this information. Contact us today.
Do you know everything about the city? Good. Now you need to manage the property, find tenants, market the property, manage rent collection and more. Does this intimidate you? As a property management company, we are the solution to your problem. Contact us about our property management services today.
Luck is all you need
Not at all. Investing in real estate takes preparation, research, flexibility, dedication and vision. The research is what leads you to the right city, neighborhood and property – luck doesn’t do a thing!
Do you have any questions about investing in real estate? We would be happy to provide guidance!