My Journey As A Real Estate Essay - 1090 Words

If you have heard about real estate investing, but don t know where to begin, consider yourself lucky for two reasons. 1. Anyone can invest in real estate. Anyone can invest in real estate. Some of the biggest real estate investors are high school dropouts or college dropouts. These guys are clearing five figures a month net profit. My journey as a real estate investor In 2005, I started researching investment properties in the area of West Palm Beach, Florida. I soon discovered that real estate in South Florida was out of my price range. So, I decided to look elsewhere. I researched North Florida, using a technique that I had learned about in a real estate investing book. 2. Investing in real estate does not require using your own money. You can use someone else s money. What do you bring to the table? Your skills and knowledge. In exchange, you earn a percentage of the profit from the deal. Any risk can be ameliorated (lessened) by your research into the deal. In real estate terms, this research is called due diligence. Here is a ten step plan anyone can use to invest in real estate. 1. Find your market (geographical area, location, close to your current address is preferred) Finding your market means finding your target area, the geographical location, of where you want to purchase real estate. Ideally, it s best if you purchase property within a 10-20 mile radius of your home. The closer you are to your investment property, whether it s a house, mobileShow MoreRelatedPlatos Allegory of the Cave.1145 Words   |  5 Pagesknowledge in reality. Through it, Plato attempts to map a man s journey through education and describes what is needed to achieve a perfect society. According to Socrates, most people tend to rely on their senses excessively and accept the world as it is appears to them in their vision as truth. 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