Understanding the difference between fact and myth will enable you to feel more comfortable with getting started. 

The first myth is that you need a lot of money to start investing in real estate. On the contrary, many different methods of investing in real estate exist. In fact, there are ways to invest in real estate with no money down. By understanding the different loan resources available and combining them with creative strategies, you can absolutely get into real estate with low or no money down. 

Another myth is that real estate produces passive income. This is partly true. There usually is a lot of upfront work that is required before you begin reaping the rewards. Even when looking for new deals, that still involves you being active and involved in the process of finding properties. Closing the deal also requires activity as well as getting the investment operational. There are ways to make the property more passive by hiring a property manager to oversee your portfolio. However, overall, some level of activity is required by the investor. 

A common myth is that the market always goes up. What potential investors must understand is that all real estate is local. There isn’t just one real estate market. There are actually hundreds if not thousands of markets across the country. A market can be as small as a town to as large as a state or region. When one part of the country is experiencing a downturn in real estate prices, the other half may be hitting all-time highs. Several social and economic factors contribute towards the upward or downward trends found in real estate. The best piece of advice for beginners is to stick to a market you know very well like where you live and begin there. 

Did you believe that you need to own a home before investing in a rental property? This is completely false. You can rent your entire life and own a huge portfolio of investment properties. Nothing is holding you back from getting into investing including whether or not you have owned a home. Understanding your financial situation, understanding the business, and knowing who you work with determines your ability to get into the journey of real estate investing. Not your track record of owning a home. 

Overall, there are hundreds of myths that surround the real estate business. The number one rule is to do your own due diligence. Always make your own judgments rather than making decisions off the opinions of others. At RealSuccess, we understand that real estate requires a lot of work and practice but over time, anyone can succeed in this industry if they educate themselves, understand the rules of the game, and surround themselves with the right people. Avoid any myths and seek out the facts.