Fear #1 – “I have no control”

Well, if you feel that way, then try to find just one thing in your life that you have complete control over. Forward; I will wait. But don’t forget to come back and read the rest of this article after you’ve given up.

Well, now that you know that the only thing you can control in this world is your own thoughts (which is a topic for another day), we can continue to dispel fear Number One: Lack of Control.

In reality, things are going to go wrong no matter if you’re watching them like a hawk or hibernating in Siberia. The only way to mitigate problems in your real estate investment business is to prepare and prevent; Whether you’re an out-of-town landlord or renting the other half of the duplex you live in, you need the right people to be a successful investor. These people include:

1 property manager: they will look after your property better than you
2 Insurance Agent – ​​In Case Something Goes Wrong, You’re Covered
3 Inspector – Will find most problems, if any, even the ones you couldn’t see
4 Contractor/handyman – even if you’re local, you want to be an investor, right?; And not a merchant?

A true investor is the brain behind the operation, not the force; so change your way of thinking and you will be in full control.

Fear #2 – “I don’t know the Market”

Well, what prevents you from learning? There are certain factors that affect real estate; affordability and availability. If you are interested in investing in rental properties, find out how much someone will pay for rent and make sure there are no more rental houses available than there are tenants. If you’re looking to rehab and flip a property, find out if and for how much people are buying and how many other houses are for sale.

How do you find this information? Talk to a property management company, an investor already working in the area, or a real estate agent who knows the market. Remember, this is an investment. If you are investing in the stock market, either take the time to learn the ropes or hire someone to do it for you. The best part is that you can get all kinds of information for free just by asking!

This is the information age, you can find anything you want to know.

Fear #3 – “We are in a recession and the economy sucks”

Well, I must say, those are some strong words. I’m sorry you feel that way. I say – Go ahead and stay out of it. Less competition means more wholesale deals and more profit for me and my investors.

I don’t mind buying real estate in Florida or Montgomery, Alabama, as long as it makes sense to invest. Florida was a ‘bubble’ state that is awash with foreclosures and Alabama’s real estate market hasn’t even seen any real investment activity, which is exactly why it has some of the highest earning potential in the entire country. .

Don’t get caught up in the media or hype. All successful people deviate from the herd mentality and reap the rewards. If you want to make money investing in real estate, whether it’s buying and selling, or buying and renting, make up your mind and go out there and make it happen.

Overcome your fears of leaving your own backyard and venture into the world of real estate investing success!