Have you ever wanted to invest in real estate, but were nervous? Entrepreneur.com columnist Steven Kaufman calls this one of the “9 Time-Wasting Real-Estate Myths to Avoid.”
Kaufman believes too many people who are interested and capable of successfully investing in real estate get discouraged before they even begin, and he thinks it is because of the nine myths associated with real estate investing.
A couple of the myths Kaufman references include:
You have to be rich to invest in real estate – Kaufman states this isn’t true; there are many small dollar opportunities and real estate projects that don’t require tons of initial capital.
Investing takes too much time – Most real estate investors start out part-time, keeping a full-time job, according to Kaufman. As with most things, starting out small and making a small time commitment and then gradually increasing your effort based on results is a prudent approach.
You can read about the other myths here
. As Kaufman mentions, you should do your own research and discover for yourself which of your beliefs about real estate investing are myths. At one time many people thought investing in real estate with an IRA was a myth, but tens of thousands of Equity Trust clients successfully use their self-directed IRAs to invest in real estate, and other non-traditional assets.
Find out more about how real estate investing with an IRA works – sign up for a free consultation with a Senior Account Executive