What is the cost of not taking action?
Can you afford to not ‘Do’?
Sometimes the biggest hurdle in real estate investing is taking the first step.
Even if investing in Real Estate fascinates you; you can be paralyzed with fear or not knowing what to do FIRST.
You know it’s a good investment, you know you want to do it, but the idea of being a landlord, investing that much money, and carrying that much debt, terrifies you.
I heard a story recently from a real estate investor about his hesitation to start and what eventually made him finally leap into action.
How do you sell a truck with a loan on it?
You Vacuum it.
Vacuum it. Take pictures. Post to Craigslist and Facebook. Take calls.
You haven’t spent a dime yet.
Find a buyer, then scrap the money to pay it off. Do the deal, get the money and pay off the debt. You don’t need to know how to sell a truck in order to get offers from people to buy your truck, but the first thing you need to do is to Vacuum your Truck.
If a farmer doesn’t harvest, a crop won’t grow.
If you don’t take that first step into a gym, you won’t lose weight.
The point of the story is this -
Just because you don’t know how to be a landlord or investor, doesn’t matter.
Take the first step.
Call a Realtor, tell them what you want. Be specific – location, price range, and investment goals.
Then your realtor will help you find a lender. Tell your lender what you want. Learn about your options, how much money you need out of pocket (sometimes none), and get pre qualified.
Finally, pick a house.
Make an offer based on what you’re willing to pay and what you can afford. This still doesn’t cost you anything, and you still don’t have to fully commit. But you are learning along the way.
If a property is for sale for $100,000, you make an offer for $80,000 and they counter at $90,000. To the general public that property is still for sale for $100,000. But because you took the previous steps, that property is for sale to you for $90,000.
Now is the time to make the decision if you want to be a real estate investor.
You don’t need to know how to be a landlord or how to invest in Real Estate to take the first step.
Call me today to learn more – 570-441-1283.