See the 4 major excuses that are keeping you from owning your own home and building wealth in real estate.
Which of these excuses do you fall for
Excuse 1: You Aren’t Comfortable with Real Estate
First and foremost, if you are not comfortable with a particular investment, or real estate investing at all, then real estate is not for you. No amount of money or performance will ever make that investment worth it as the anxiety and stress will eat you up. Bottomline: trust your gut!
Excuse 2: You Are Afraid of the Unknown
Next, realize that if you commit to investing, you will likely make a bad investment at some point, or come across some costly expense that you never anticipated. Understand and accept this and your investing career will be a lot more enjoyable.
Excuse 3: You Are Lacking in Cash -
The lack of the cash thing can be an actual reason not to invest. However, if you listen to podcast and read about investing in real estate, you will quickly realize that you don’t even have to use your own money! You use OPM - Other People's money.
Excuse 4: You Don’t Want to be Bothered
The last excuse I hear frequently usually has to do with fixing toilets or getting your tenant a copy of a house key at 2 am because they drunkenly locked themselves out. Guys, this does not have to be how it goes.
You could save yourself some money over the course of a year and manage a property yourself, but the chance of these things happening are low, and their frequency is even lower, especially if you keep up with your maintenance and put good tenants in your properties.
Over to you! Which of these excuses do you make
Are there other excuses you think people make Mention them in the comment.
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