There is something about those late night commercials and get rich schemes that is appealing but be wary because they’re just as big of a scam now as they were in the past. Sure the real estate market has changed and it’s easier to find a great deal but the economy isn’t right for many and buying any real estate may be too financially taxing.
Before you buy the sales pitch and toss well earned money at these real estate gurus, remember that few of them (if any) can actually back up their claims. And even if the pitch isn’t entirely a scam, it’s definitely not a no effort, immediate way to roll in the dough.
Buying real estate is typically a good investment, but few people have the time, money and ability to purchase more than one or two homes. Then there is also the time involved with real estate investments. They don’t immediately appreciate over night, typically it takes a long time for real estate to jump in value and quite often you’ll need to make improvements to the property to keep with the times. At the very least there will be maintenance that will drain your finances.
If you’re interested in investing in real estate there are ways to make money, you can make substantial money in fact, but you’re going to have to be willing to invest time learning about the business and the area as well as the property itself and you’ll have to have a significant amount of money to invest in the initial purchase and maintenance.