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The Truth
About Income &
Real Estate Investing
BY SENSEI GILLILAND
T
he art of transacting real
estate investments for
generating income, and
why investing in rental
property may not be the move for
you, yet…
Real estate is absolutely the
cornerstone of wealth. It is highly
reliable, and an essential element
for building and preserving
finances. However, some find
getting started, and getting the
results they hoped for, is a
challenge.
Over the last 22 years of
coaching and training investors,
I’ve found that comes down to
three main things.
1. Getting lost in the different
investment options
2. Making it more complicated
than it needs to be
3. Failing to have a solid
action plan
MYTHS & MISCONCEPTIONS
ABOUT REAL ESTATE INVESTING * MYTH 2:
You’ve Got to Do a Lot of Deals
* MYTH 1:
There is One Superior Way to Invest How many houses does someone
need to own or flip per month to
live a comfortable life?
See most people I encounter think
they must do five to 10 houses per
month. Then they just get daunted
by the size of that, or they set
unrealistic goals, which diffuses
their motivation, and they never
get started.
It’s true that there are investors
and business owners out there
hustling, doing 10, 20 or more
deals a month. Big goals are great.
Yet, most don’t need to do
anywhere near that. Every deal is
different. But if you could make
$5,000 wholesaling a property, or
$50,000 flipping a house, or $500
a month on a rental, how many
would you really need to live well?
One of the biggest hurdles today
is not only the increasing number
of real estate websites and gurus
out there, but that so many are
more focused on sales, rather than
true education.
Too many try to promise that
their strategy is ‘the superior’
solution.
The truth is that wholesaling,
fixing and flipping houses, private
lending, and investing in rental
properties can all work. I’ve
personally done all of these. I still
do today. The best strategy really
comes down to your personal
preferences, your timeline,
capacity to invest, and goals.
Some people love rehabbing
houses and would do it regardless
of the money. Others just want a
completely handsfree way to
invest and would never dream of
taking on a DIY project for any
amount of money. For many it is a
matter of the right strategy at the
right moment, and diversifying and
moving up over time.
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