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Is Now A Good Time To Get Into Real Estate Investing?

A few weeks ago, I had the good fortune of attending a class at a certain large contractor/real estate education provider in Minnesota to fulfill my recurring education requirement. It was just a simple one hour Energy Hour class. Still… I went to the class with anticipation of what I might learn about the latest in energy for the state of Minnesota.

Rich people don’t sit in property investing about making money and taking courses about short sales, foreclosures. But they are the ones collecting our hard earned money.

It is easy to get lured in at real estate investment seminars about the stories of overnight millionaires. The stories are compelling and sometimes used to motivate people to buy the corresponding guru real estate course. But understand the rarely is their success overnight and easy. To be successful as a real estate investor you are looking at long-lasting results; this is where real estate excels as an investment vehicle.

And don’t worry about getting approved for financing bank foreclosures. real estate investing is still a thriving business, despite the downturn in the economy. In fact, Scott Yancey is on the rise now, as of this writing, despite the crash of the housing market.

You will need to have real estate education and you will need to become licensed. Depending on the state, you will need to take a minimum amount of classes before you are allowed to take the state exam. This will sometimes be provided by the brokerage or the company because this is a great way to get more agents under their company. The process of becoming a licensed realtor can take about a year but it will all depend on how hard you work and if you are able to study well for the exam.

Do research on the types and sizes of houses in close proximity to the neighborhood you are considering. The “best” house in the neighborhood may not be ideal for you. If you decide to sell the house in the future, it will be difficult for you to obtain the value of the house. This is because every other competing house in the neighborhood will cost less.

However you go with real estate investing, always look to making a win-win situation with the tenant. Help them find a solution to their problem. This is where enlightenment enters the picture. When we help others along with helping ourselves, we truly achieve Enlightened Financial Freedom.

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