Real Estate Investing Is Not Safe!
I hear many people tell me that real estate investing is not safe. And, in the wise words of Robert Kiyosaki, I usually reply ‘a car is not safe if you don’t know how to drive it’. Before one is allowed to drive a car they go to driving school. They even take a test and are graded on their skills. If they have attained a certain level of mastery, they are awarded a license and are allowed to drive.
Unfortunately in the world of real estate investing, there are plenty of classes you can take and books you can buy, but no test or scoring system before you start. I say ‘unfortunately’ because that means no one has to pass a test, or get a license to invest and that means too many people are driving their financial car – their real estate investing portfolio – without a license. That is why we all too often hear of the failures.
Another unfortunate part of the game is that everyone wants to ‘get rich quick’ like they see on the late night infomercials. And again, if it were really that simple – that universally easy – don’t you think everyone would be doing it? Those products for sale though, sure make the sellers plenty of money. They have to fork out thousands and thousands just to get the regular air-time to sell their products. If they’re making so darned much money in the real estate market, doing so well independently, why don’t they just give away their methods – share the wealth - teach and mentor for free?
