If you haven’t started a real estate venture yet, but know that it’s on your list of things to get to, there are probably a few reasons why you are standing in your own way. You’ve done all the research, you’ve read all the articles, you’ve talked to all the experts, but you still don’t feel ready to take the plunge. Let’s make 2015 the year that you do something with all your new found knowledge and experience!
Reason 1: Not Enough Funds
The biggest reason that people don’t jump into real estate quickly is because of their lack of cash flow. However, depending on what you’re attempting to accomplish with investing, can determine how much money you truly need. Try looking into private lenders or other seller opportunities, which will allow you to start your journey, will little to no money down.
Reason 2: NO Funds
Believe it or not, there are more investors that have no money to put towards a real estate venture, than you think. The difference between them and you is they decided to get a little crafty. It doesn’t take money to make a few connections! Here are a few things you can start doing NOW, with no money:
- Compile a buyers list
- Meet other investors and wholesalers in your market
- Connect with others outside of your market, and look for other opportunities for referrals and kickbacks
Reason 3: The Market Is Too Volatile
No market is perfect, but if you’re struggling to find a good deal and are hitting a brick wall, you need to change your game plan. There are always good finds in EVERY market! Maybe you’re searching in an area that is too far above your budget? Don’t just think that you should look within the market you live in. There is money to be made outside of your neighborhood too! Start researching what else is around you, and you may be surprised to find that markets with more desirable prices are just around the corner from where you wanted to start.
Don’t let your fears get in the way of your goals! 2015 is the time to buy and invest, so get started quickly! For more information on getting into the real estate game, read more of our articles on investing and property management.