Realty411 Magazine Featuring Patty Arvielo - New American Funding | Page 34

WHAT IS YOUR WHY? By Grant Trevithick Are you interested in becoming a real estate investor? Do you want to be your own boss? Wouldn’t you rather keep all the fruits of your labor for yourself, instead of making some company rich? Do you want the freedom of owning your company, working whenever you desire? Most of us have watched the TV shows of other people buying and flipping houses. It is amazing to see that someone can search an entire city, find the property they want, do the research to determine what the offer should be, negotiate the deal to purchase the property, secure the financing, close on the purchase, prepare the repair budget, do all the repairs, market the property, find the buyer, negotiate with the buyer, and negotiate all the requirements to finally get to the closing table. It is amazing that each of these inves- tors do all this in only 50 minutes, ? with three to four commercial breaks, and always seem to make allot of money out of each house. as I make in a year doing three to four houses, at least according to the television shows. Wow, if it were that easy, I would want to jump into the game as well! It surely would beat having to get up each day and head into an office, attend meeting after meeting, make nice with an incompetent boss, do all my work, and then go home and do the same thing every day for the rest of my life. That does not sound like fun… so perhaps we can escape this trap by being a real estate investor. After all, I can make as much money WRONG! Virtually every real estate investor that I have ever met only talks about the glamorous part of the business. They only talk about how much money they make and how much fun they are having. First off, most of the ones that do the talking are the ones that have never bought or sold a house, at least according to my experience. The reality is there are two types of real estate investors: the normal real estate investor and the success- ful real estate investor. The reality is there are two types of real estate investors: the normal real estate investor and the successful real estate investor. Realty411Guide.com PAGE 34 • 2017 The normal investor attends a lot of classes and reads a lot of books. Continued on pg. 36 reWEALTHmag.com