Invest in Real Estate for Financial Independence

Despite the strengthening economy, according to Paige Wagner, operations manager for the American Real Estate Investors Association, 63 percent of Americans are somewhat or extremely unhappy with their present employment.

“Most individuals wind up in a job without thinking about it,” Wagner adds. “Once someone gets settled into a career, they typically remain in the same industry, even if they change employment.”

Wagner, for example, estimates that just two-tenths of one percent of the population is ready to change professions in the middle to become real estate investors.

“Most individuals are unwilling to put in the effort to learn a new profession, even if the pay is six figures,” she adds. “It seems that the very thought of doing anything new, such as investing, leads most individuals to come up with a slew of reasons why they shouldn’t get started.”

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According to Wagner, the following reasons are given by individuals for not investing in real estate: It’s the wrong moment to enter the real estate market, they don’t have enough money to invest, or they’ve heard too many horror tales about landlording.

However, although some individuals come up with excuses to avoid real estate investment, others learn to overcome the challenges they encounter.

“With members in all 50 states, we can see investors profiting in both ‘up’ and ‘down’ markets,” Wagner adds. “Some investors even utilize unconventional ways of purchase to avoid having to come up with a down payment.” Investors who despise being landlords often sell on a rent-to-own arrangement in the hopes that their tenant buyer would agree to handle all of the day-to-day upkeep for them.”

According to Bill Bronchick, president of the Colorado Association of Real Estate Investors, real estate investment techniques have evolved throughout the years.

“It’s a very different game now than it was when my mother used to invest,” Bronchick adds. “Investors nowadays may get started without using cash or credit if they are prepared to put in the time to learn.”

There is at least one real estate investment organization in almost every city.

“The monthly meetings and trainings are a great opportunity to meet people who are currently investing or are interested in doing so,” adds Bronchick. “Talking with other investors may also give you a sense of whether you’re in a hot or cool market.”

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