More Real Estate Investing Myths
Myth #4 - The real estate market in my town is saturated.
This is an impression that you may have got by attending a meeting of real estate investors in your town.
Chances are that many of the attendees are amateur investors or people who are curious about the real estate market.
These people are the fence sitters who usually do not take any action.
What you should do is to keep in touch with the real estate professionals in your town and search for opportunities with their help.
Seasoned professionals in the real estate business can take advantage of opportunities that come their way no matter what the market conditions may be.
Myth #5 - There is not enough scope in my town.
This is a corollary of myth no 5.
You may feel that because you live in a small town there is not enough scope for real estate related transactions.
Look at the property listings for your town in the yellow pages.
Chances are that you will find a number of for sale advertisements.
Even in a small town there are most likely to be a number of people who wish to sell or buy properties.
There may be a large number of opportunities available to each investor on an average.
What might be missing in your town are opportunities with wide profit margins.
That doesn't mean there is a lack of opportunities.
Wherever there are homes, offices or shopping complexes there is likely to be a thriving real estate market with opportunities waiting to be exploited.
Myth #6 - I don't know where to start It is probably true.
May be it is not so much of a myth as a dilemma.
You may be hesitating as you done know when to make that crucial move, take that first step.
The fact is that you should keep on working towards creating that first opportunity where you can complete your first property transaction.
Learn to be patient.
Even Donald Trump may have had to go through a learning curve and start with his first deal.
In your enthusiasm, do not rush in to complete your first deal without thinking things over very carefully.
Never be overconfident about a property transaction without considering all the factors and rethinking your premises.
This is an impression that you may have got by attending a meeting of real estate investors in your town.
Chances are that many of the attendees are amateur investors or people who are curious about the real estate market.
These people are the fence sitters who usually do not take any action.
What you should do is to keep in touch with the real estate professionals in your town and search for opportunities with their help.
Seasoned professionals in the real estate business can take advantage of opportunities that come their way no matter what the market conditions may be.
Myth #5 - There is not enough scope in my town.
This is a corollary of myth no 5.
You may feel that because you live in a small town there is not enough scope for real estate related transactions.
Look at the property listings for your town in the yellow pages.
Chances are that you will find a number of for sale advertisements.
Even in a small town there are most likely to be a number of people who wish to sell or buy properties.
There may be a large number of opportunities available to each investor on an average.
What might be missing in your town are opportunities with wide profit margins.
That doesn't mean there is a lack of opportunities.
Wherever there are homes, offices or shopping complexes there is likely to be a thriving real estate market with opportunities waiting to be exploited.
Myth #6 - I don't know where to start It is probably true.
May be it is not so much of a myth as a dilemma.
You may be hesitating as you done know when to make that crucial move, take that first step.
The fact is that you should keep on working towards creating that first opportunity where you can complete your first property transaction.
Learn to be patient.
Even Donald Trump may have had to go through a learning curve and start with his first deal.
In your enthusiasm, do not rush in to complete your first deal without thinking things over very carefully.
Never be overconfident about a property transaction without considering all the factors and rethinking your premises.
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