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By James A. Gage
Is Real Estate investing something I should try?"
The response to this question is a resounding, “YES!"
Real Estate investing is the best business to try when
you are starting out in the investing world. There is very
little risk if you research before committing especially
when it comes to my favorite niche- Lease Purchasing AKA
Rent to Own. There are minimal expenses….no office space
rents or utilities, no salaries to employees, no business
clothes costs, just to name a few of the potential expenses
incurred in traditional block and mortar businesses. What
better time to learn ethical business practices, the art of
the sale, and the rewards of a job well done than in your
youth?
Starting to invest in real estate in your youth is a
great opportunity to attain other goals:
A brand new car. Working your business while going to
school, you work your own schedule traveling: take your
laptop with you and do business from a hotel in Italy.
Help your family if they are in need of your assistance.
Are there obstacles if you are young? Of course there
are! The biggest one is an inherent one found in most
youths. It’s impatience. Those investors that became
successful “overnight" had many hours of hard work behind
them. Success rarely happens overnight. It takes time,
perseverance, and patience to build an investment portfolio
but once it gets growing, it keeps growing! So, my advice,
is to go for it, take what time you need to build a
foundation, then reap the rewards. You will have many years
ahead of you to reap those rewards.
Are you too old to start investing in Real Estate? Is
there a better way to keep the mind active? Well, okay, I
suppose there is but you can’t make money doing that. With
investing, there is always something new to learn. There are
many friendly people to meet and help with your real estate
business.
Starting to invest in the after-the-kids-are-moved-out
years will provide several benefits:
The extra income will help your grandchildren go to
college.
Enables you to get out of the house and travel.
Fund those expensive hobbies you’ve always wanted to
start Supplement your medical/medication costs.
Because you are older, you are fortunate in that you may
have a little more time and money to invest in your
investments. This may speed the process of accumulating
wealth.
Are there obstacles if you are a senior? You bet! It’s
impatience. And, all this technical computer stuff….can it
be learned? Be patient and you will learn all the technical
computer stuff…..heck, you got online, didn’t you?
Then there are those in the middle, busy raising
children, punching time clocks, budgeting paychecks (are
they shrinking?), and trying to get control of their lives.
The answers are in real estate investing :
You can be home raising your children.
You do not have to punch a time clock and answer to a
boss - YOU are the boss
Make your own time
The extra money will help your financial woes
You will reduce your stresses and have better control of
your life!
Are their obstacles for those in the middle? Yes, it’s
impatience ( kind of a recurring theme no matter what your
age). Those in the middle think there is no time. Jobs,
kids, marriage, etc., etc. It does not take many hours per
week to build a profitable real estate portfolio. Be
diligent and persistent and it will come! You CAN get your
life back!
No one is exempt! The common thread for all of us is to
be patient. That does not mean you wait around for things to
happen. You must work, learn, and build your business. Don’t
let the daily grind distract you. Don’t let others
discourage you! Have faith that your investing will produce
a substantial income and, with patience, your hard work will
be rewarded.
"You are who you are and where you are because of what you
have put into your mind."
For more information or pricing please do not hesitate to
call or e-mail. I can be reached at (508) 595-9567.
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