I rarely come across real estate professionals with the exception of investors that do not invest in real estate. Why don't more of you invest in the safest most profitable investment in the history of business and finance?
Realtors promote the buying and selling of it. Insurance people provide protection for it. Mortgage people provide financing for it. All of you say it is a great investment, so why don't more of you invest in it?
Investing is not just buying a property and renting it out. Here are other possible real estate investing strategies:
Fix 'n' Flip, Land Development, Master Leases, Probate, Subject to, Short sales, Wholesaling, Tax Lien Certificates, Money lender, Seller financed notes, etc.
Also, as I talk to these professionals (especially Realtors ) why do I always hear that everything we do is illegal? The wealthy write the rules and they invest in real estate. There are 100+ deductions alone in the IRS tax code for real estate. There are over 400 possible deductions for business owners and real estate investors.
Today's 65 year olds, only 1 % are wealthy. Of the 1%, 74% were business owners and real estate investor's.
And yes, YOU can invest without your own money or credit. If you don't have it, use someone else's. Leverage - the #1 thing used by the wealthy. They leverage everything. Other people's skill, talent, credit, money, knowledge and so on. Your brokers/owners of your working establishments are leveraging you right now.
Please don't say that owning your own home means you are an investor. You are only an investor if someone else is paying your mortgage. Assets pay, liabilities you have to pay. If you have to pay your mortgage payment every month, your home is a liability to you. If your equity is sitting there and doing nothing, it is dead equity.
Let me hear your comments. I hope everyone has a great Thanksgiving!