It’s a common myth that investing is risky and anyone who plays the game will almost certainly lose their money.
Stories of real estate investors (taken from the Millionaire Real Estate Investor by Gary Keller)
– As the mother of two children, Barbara Drake was determined to get a college education to set an example for her daughters. Not only did her first two investment properties pay for her degree, they put her children through school as well. Barbara quit her job to pursue real estate investing full time. Now in her sixties, she owns 36 single family homes and lives off the cash flow.
– Jimmy and Linda McKissack struggled for years to turn a restaurant an nightclub into a sustainable business. They began supplementing their income through investment properties, and before long they “got it.” Within five years they went from a handful of investment homes to 83 residential properties worth over $10 million
While investing in real estate isn’t exactly a no risk deal (No risk deals don’t exist) by definitions the word invest means to commit money or capital in order to gain a financial return. According to Gary Keller’s Millionaire Investor, risk is what people bring to the concept of investing. Investing is not about ignoring risk, it’s about following sound investment principles and models.
Being a millionaire real estate investor is about having sound criteria, patience to find the right opportunity, and a willingness to take the correct action quickly.
Don’t believe me? Watch this snippet from The Inside Track with Ken and Yetta Dekker. With over 50 years of combined experience and expertise, I wouldn’t take anything they say lightly.
For more information about our Real Estate Investor Workshop and other workshops see our events page.