Have you ever wondered why the majority of people do not invest?
 
Here are the main reasons…

1. Lack of Knowledge
2. Lack of Time
3. Lack of Money or Credit
4. Fear

Many people saw the process of buying their home as being over their heads.  Did you read the hundreds of pages of contract that you signed to buy your house?  Most people didn’t either!  Maybe you have not purchased a home yet.  Ask yourself why you haven’t and it will most likely be one of the reasons above! 

Knowledge is power.  Better said, APPLIED Knowledge is Power!

MSN Money which is a very respected source on money wrote an article on the 10 mistakes most commonly made by real estate investors.  Here are their top ten.

MSN Money article Real-estate investors' 10 big mistakes

Planning as you go
Thinking you'll get rich quick
Playing Lone Ranger
Paying too much
Skipping homework
Ducking due diligence
Misjudging cash flow
Lowering the volume
Painting yourself into a corner
Miscalculating estimates

As you read down this list you can see that making educated decisions would get you out of ALL Ten! 

We go to school to get a 9 to 5 job, but we don’t educate ourselves when it comes to buying what is the most expensive purchase of our entire life!  This does not make sense to me! 

There are so many different strategies out there.  Most people have heard of a few, but wouldn’t you like to be able to learn them all so that when you have a property you have multiple exit strategies in case the strategy you are using does not give you the results that you are looking for!  This is what number 9 above is all about, don’t paint yourself into a corner.