MEN OHH MEN...

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 If you take a look around you, especially in your friend circle, you would hardly find someone involved with real estate business.


Most youngsters, and for that matter even middle aged men and women, put forward flimsy and untenable arguments why they stay away from real estate investing. Of course they are ready or have already bought a home for their families but this is the most that they are willing to dabble in the world of real estate. Ask these people in detail the real reasons why they seem to be afraid of investing in real estate, and they would come up with ridiculous answers. These answers are unjustifiable and resulting from their own fears and insecurities rather than any genuine reasons.

If you become frigid at the mere thought of buying a property for the purpose of investment it is time to wake up and do some rethinking? Despite having read so much about real estate and knowing how people are making fortunes with this profession, how can you still behave like a child afraid of losing his favorite toy? Times have changed, and so has the profession of real estate investing. It has become modern and technology oriented to suit the aptitude and lifestyle of the typical Millennial.

It is alright to be fearful of something or someone until you have used or encountered it. You get the hang and feel of the thing only after using or experiencing it once and you find that all your fears were unjustified and imaginary. The same is the case within the real estate industry. Do it once and you overcome all your fears?


Of course it is easier said than done because of the amount of money involved in a real estate transaction. But then, you are helped by the government and the lenders in buying a property as they arrange the bulk of the money for buying a property. It is not that your investment would be wiped out overnight as is the case with stock market and foreign currency market. In fact, real estate investing is considered the safest by experts as appreciation in prices is a natural phenomenon.

Reasons cited by youngsters for staying away from real estate investing

Reason #1-I am not rich to buy and sell properties

You are not alone when you express your inability to become a real estate investor. It is easy to convince yourself that you are not fit to buy and sell real estate because you do not have millions of money in your bank account. You would be surprised to know that most of the real estate tycoons of today started off by arranging the bare minimum down payment required by their lender to finance their first realty projects. They profited and put the profit in their next projects and slowly became very successful investors. Of course it is a slow and gradual process but it is unfair to say you cannot be an investor because you do not have lots of money in your account.

There is so much of information and articles on internet regarding how to get finance for your real estate projects that it seems foolhardy to even say you are incapable because of lack of funds.

Reason #2- It is not the right time to invest in real estate

The 2nd most common reason cited by those who stay away from real estate industry is unfavorable time. They are always looking for lowering of interest rates announced by lenders or lowering of property prices to a point where they feel comfortable about their investment. You don’t think about prices when you buy a television, computer or any other service when it becomes necessary for you, isn’t it? Just remember that there is no best time to take a plunge in real estate industry. In fact, there is no good or bad time but only good or bad decisions made by you in choosing a property for real estate investing.

You have to start to feel like a real estate investor. Once you consider yourself a real estate investor, all you see around you is a sea of opportunities. People continue with their professions rather than waiting for the right time.  

Reason #3 - I am unable to spot killer deals

Many people use this reason to stay away from real estate market. They say they cannot find a good deal to book profit through real estate investing. If the market is tight or depressed in your area, you can always move out of your area of operation in search for good deals. Only sky is the limit in real estate investing once you learn the tricks of the game and start thinking as an investor.

You cannot remain dependent upon sub-chief, chief, family, or friends to find a property that can fetch you decent profit margin. It is information visible to everyone and not just you. You have to develop a network of your own to keep tab on properties coming up for sale in your area of operation.  Sometimes, killer deals are made when they do not happen. Move out of your comfort zone (read area of operation) to get attractive cash flow deals.

Reason #4 - I am not cut out to be an ideal landlord

You are wrong if you think that you do not have the qualities to become a good landlord. No one is born to collect rent from his tenants. You learn many things on your own while you are made to learn many things by your experiences with others. You can always hire a professional property management company to screen and rent your dwelling units. Your manager will not only collect rent on time but also maintain your property in good condition.

With passage of time, you will become a landlord who is aware of everything that he needs to know to look after his property.

If you find that the reasons mentioned above apply upon you, you also must have discovered how untenable your reasons are. All you need to do is to take the first step and the world of opportunities opens up on its own in real estate investing. 

Contact James Ploti for free real estate deals consultation: +254708459336

Comments

  1. Anonymous4 July 2022 at 05:12

    One of the most down to earth analysis l have read 2022 on this topic..

    ReplyDelete
  2. Anonymous4 July 2022 at 09:58

    This is really good. Thank you James

    ReplyDelete
  3. Anonymous4 July 2022 at 10:59

    So interesting

    ReplyDelete
  4. Kasaya Diaries4 July 2022 at 20:32

    Great thoughtline. Sharing this.

    ReplyDelete
  5. Anonymous25 January 2023 at 00:45

    Great Word's of wisdom for me and my generation. My generation needs to learn this. Sharing this

    ReplyDelete

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