Thread: Real estate is the way to build wealth--Isn't it?

Originally Posted by littlekingaz

So if this is true, I wonder how come everyone dosen't do real estate investing?

There are a ton of avenues to go about making money in real estate. So is it just a personality thing, and not everyone is cut out for it? Is it a little too much work for some people? As far as I know, people want to make money, so what is stopping them??

Would love to hear from you guys!

Real estate is A way to build wealth--not THE way.

...And I think you're wrong about "people want to make money". Most people just want to HAVE money. There's a difference there. The former requires work, and most people are adverse to working without a guarantee of a paycheck and don't like to take on risk in any shape or form. ...IMO that's why.

As mentioned, there are lots of ways to build wealth and almost everyone of them requires a lot of hard work. The majority of people just aren't that motivated to get it done. Whether it's building a business, investing in real estate or other avenues, most people just don't comprehend the amount of time or effort or sacrifice involved. That's why so few are wealthy and so many just dream and are envious.

Originally Posted by littlekingaz

I just don't understand if there is something that can make you a ton of money, why not learn it??

Don't focus on why other people do or don't do something, focus on you and what you want to do--then do it.

Originally Posted by littlekingaz

The rich dad poor dad mentality of 'mind your own business' only works to a certain degree, because there IS competition out there.

So? Seriously--your time is much better spent learning and applying then focusing on why or why not someone else is or isn't doing something.

...I suppose my question is, "what are you getting at?" So what if there are people that avoid real estate for whatever their reason. Are you trying to see if their inaction can somehow give you insight somehow or in some area of investing?

Originally Posted by littlekingaz

Real estate is the way to build wealth--Isn't it?

So if this is true, I wonder how come everyone dosen't do real estate investing?

There are a ton of avenues to go about making money in real estate. So is it just a personality thing, and not everyone is cut out for it? Is it a little too much work for some people? As far as I know, people want to make money, so what is stopping them??

I'm not being flip, or sarcastic-- so get ready:

For all of the questions/discussions here, insert "running a marathon" with "investing in real estate", and "making money" with "getting in shape"

It should immediately make sense to you:

Running a marathon is the way to get in shape--Isn't it?

So if this is true, I wonder how come everyone dosen't run marathons?

There are a ton of avenues to go about getting in shape. So is it just a personality thing, and not everyone is cut out for it? Is it a little too much work for some people? As far as I know, people want to get in shape, so what is stopping them??

See?

Investing in real estate is pretty much the same thing-- it takes discipline, commitment, and (a biggie)-- you need to compete against YOURSELF, not others.

About the only difference I can see is . . . a bunch of guys haven't written books (or done infomercials) on how easy it is to get in shape by running marathons!!!

-Russ H.

Littlekingaz - Here you go. I think this thread: http://www.thefastlanetomillions.com...get-there.html will help answer some of your questions and help you decide on what the right "fit" is for you, as far as what your Fastlane / wealth vehicle is going to be.


By the way, I just found the above-linked thread tonight. It's amazing how much good info is out here on the forum. I really appreciate all of you that take the time to share your insight, experience, and knowledge with all of us. I love you guys. You guys are like the family I always wished I had. (I am willing to be adopted by the way )


One last thing Littlekingaz, please Rep++ AroundTheWorld for me, for starting the thread in the link above - apparently I have Rep'ed her too much lately - need to spread the speed around before Rep'ing her again.

Thanks!

Russ, you said everything perfectly.

Great example. Speed++ (whoops, I'll have to get you later with that one, apparently I need to go throw NOS in someone else's vehicle before you again!)

G. Alexander

Lots of ways to make money, real estate is only one of them.

I'm not very computer savy, and I like buying dirt so I'll stick to RE.

Most people don't get involved with real estate because they think they need money and good credit. And most people don't have either one.

The reality is that you don't need much money ( less than $1000) and you don't need good credit to get started and to make a lot of cash, cashflow and wealth with real estate.

Most people don't get involved with real estate because they think it is "rehabbing" old run down houses which takes a lot of time and money.

The reality is that there are a lot of much better ways to make money with real estate than buying, fixing, and flipping.

Most people don't get involved in real estate because they think it involves being a landlord for problem tenants who don't pay on time and tear up the property.

The reality is if you buy nice houses in nice areas you will attract good tenants who do pay on time, don't require handouts from the government, and take care of the property.

Most people don't get started with real estate because they have FEAR of failure. I did a survey recently asking what are you most afraid of about real estate investing. I got 1500 responses. The fears all involved making some kind of a mistake.

The reality is that the chance of making a mistake are greatly reduced or eliminated if you spend the time to get properly educated about how to do things the right way. Education should be a life-long pursuit and you can't learn all that you need on a forum

You can also eliminate fears and the chance of making mistakes if you get started in real estate investing with the most risk free techniques and strategies - things like wholesaling and sandwich leasing.

Real estate investing is a great business. It can produce large checks, cash flow, appreciates and build wealth which all give you financial security and independence without a J.O.B.

An internet business can do the same thing -- they are BOTH great businesses.

You can DO BOTH!