Real Estate Investing By: Adam Mortimer

It has been said by many financial gurus that real estate investing has created more millionaires than any other stream of income. With the current real estate market many people are running from it but the savvy investors are running towards it. It is important to remember that real estate goes through cycles and the name of the game is to buy low and sell high. Real estate around the country is definitely low. As one real estate expert put it. “It is like a blue light special right now in the real estate market.� The question that many have is where do they get started, especially if they do not have a lot of money to invest. The best way to start is to work with a mentor. There are many successful real estate investors. Why reinvent the wheel when you do not have to. How can you get started in real estate investing without putting up a lot of money. Well one of the best ways to do this is though wholesaling. Wholesaling is basically where you find a good real estate investment, you put the property under contract and you sell that contract to another investor. How much would something like this cost. Well if you do it correctly the only investment you will need is the earnest money. How much will you need to put down? It can vary but it is usually not more than 500 dollars. What skills will you need to do this successfully? Like anything else you will need persistence and determination to make it happen. It is important to have the mentality that Robert Allen, one of the worlds greatest real estate investors has. The mindset to have according to Robert is with every no are that much closer to a yes. When you are looking to find excellent deals in real estate, you will hear no many times before you get that one yes that will pay off. Looking for solutions to the seller problems is how great investors make a lot of money. Remember if you are interested in real estate investing there are a lot of little to no money down techniques. It is important to work with a coach or a mentor to avoid the pitfalls and the trial and error you will experience on your own.