Posts Tagged ‘real estate investor myths’

HomeVestors Addresses Real Estate Investor Myths

Tuesday, April 22nd, 2014

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Investors who are looking to get involved in real estate need to be able to separate the myths from the truth. 

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows that there are many real estate investor myths that circulate the Internet.  Beginning investors need to sift through these myths and get an understanding for the truth.

Some beginning investors have been led to believe real estate investor myths that associate the real estate field with easy riches.  Most of these myths are brought upon by late night infomercial gurus who are trying to sell their program to real estate riches and don’t have any real world real estate experience.  Understand that the real estate field is extremely competitive and only those who are prepared to put in the work necessary are bound to succeed.

Those who are able to differentiate between real estate investor myths and truths are able move forward with confidence.Some individuals who are just getting started in this field believe that real estate investors use their own capital when purchasing an investment.  The beauty of real estate is that one can leverage their capital by purchasing a property under a mortgage.

Other beginning investors believe that one needs flawless credit in order to be approved for a loan.  While flawless credit is ideal, investors should consult with their lending institution and should become preapproved so they know how much they qualify for.  Investors who do this can narrow down their investment property search and show sellers that they are serious about securing an acquisition.

Other real estate investor myths have to do with leveraging time.  Some believe that real estate investors who purchase a rental property have to do all the work themselves.  This couldn’t be further from the truth, as most real estate investors hire a property management company to handle the day-to-day activities of a rental property.  In fact, many of these investors opt to purchase another property, hire another property management company and obtain double the profit.  These investors often don’t have to do a great deal, as the property management company handles the business.

The first thing that real estate investors should understand is the concept of leverage.  Leverage is what makes real estate investments more desirable than other investments.  Those who are thinking about getting involved in the business should have good credit and the necessary capital to pay for the down payment.

Beginners who understand real estate investor myths should be able to capitalize on the truths of the industry.