The BalwdGuy says it best:
Liar Liar Pants On Fire! and just for fun, watch the video he uses to make the point. Someone we all know and love got pretty chunky.
I’m here to tell you in plain English — In real estate you’ll get rich with a lot of hard work, some anxiety, a lot of capital, a ton of paperwork, and risk. There will be ups and downs. But in the end, if you’re not greedy, and you follow the principles of investment physics and the physics of economics — Lord willin’ and the creek don’t rise — you will become wealthy and live to experience a magnificently abundant retirement.
You’ll get rich alright — but you’ll do it slowly.
Those who tell you otherwise?
Liar! Liar! Pants on fire!
Bawld Guy specializes in investment real estate. He hasn’t sold a dream house or a house to live in for over 100 years. If you want quick and easy real estate investment course that’s based IN REALITY, I suggest you read the investment physics and physics of economics posts and a thousand other good ones on BALWDGUYTALKING.
AND, you’ve probably seen the infomercial running for one of the several REAL ESTATE AUCTIONS. They show pretty pictures of the few prettiest of properties. Buried in the fine print is that if you win a bid at the auction…
It’s not subject to your ability to get a loan. You’d better have that 110% locked down.
It’s “AS IS” with NO OPPORTUNITY for an inspection and no “OUT CLAUSES” what-so-ever!
If you ever learn anything, please learn this. Owning a home to live in is NOT the same as real estate investing.