4 Myths About Investing In Real Estate—Busted [VIDEO]
![4 Myths About Investing In Real Estate—Busted [VIDEO]](/t/img/ZKZZPkIDyM-700.jpeg)
There are tons of misconceptions about real estate investing—the main being that you need lots of money to become successful. Or time. Or deals. Not true! Speaking of which, check out BiggerPockets Podcast Episode 272,which tackles this masterfully. Fortunately, most of the myths surrounding real estate are pretty much just that — myths. Heck, I started with $79, later an FHA deal. (There's also .) In this video, I break down four myths about investing in real estate. Check it out! _ Related: 8 Real Estate Investing Myths That Hold Investors Backhttps://www.youtube.com/embed/Eiy9jFBGU8s Related: 7 Myths About the Real Estate Professional Tax Status, Debunked_
1. You Need a Lot of Money
You can start with little down on a rental and grow your assets that way. As your properties gain equity, you can continue to invest.
2. That You Need to Find Flips
Flipping a house looks easy on TV, but there are easier ways to get into real estate investing.
3. You Have to Find a Great Deal
As a first-time investor, start simple. Find something recently renovated and rent out the rest of it. It may not be priced at a discount, but in the right market you'll make cash on the rental.
4. The Market is Cyclical
With income-producing real estate, the value isn't tied into supply and demand, it's tied to the income in produces.