“New day, new opportunity…” that is how a close friend of mine views everything in life. To be honest, real estate isn’t all that different. Now when I mention real estate, your mind automatically goes to the big tycoons of New York City or the business magnates that are responsible for all the acres of housing that have been developed down in Florida. Although that is a perfect example of real estate in terms of the business side of it, you obviously can understand that real estate could mean that you own a small rental home. So it is something that almost anyone can get his hands on. I am not going to suggest that owning a home is real estate or real estate investing for that matter. As you probably are aware of, your home is the greatest liability you have, because it’s full of expenses and you need to keep feeding it (without it providing any income.)
So when we are going to talk about real estate investing, we are talking about apartment complexes, shopping centers, business locations, land etc. Because of the fact that everyone can pretty much get involved with real estate (since you could easily get your feet wet with low six figures,) there are also so many things one needs to know. Because everyone loves owning real estate, the competition levels increase so you have smarter buyers and sellers. So that means you need to become smarter too.