Money doesn’t discriminate; it doesn’t know who you are, where you’re from, or what you did. There are many popular myths surrounding real estate and mortgage investments. For example, there are people who believe that you have to be rich, or need a college degree to start investing. We’ll talk about 5 surprising myths about Mortgage Investing in this article.
Myth # 1: In Real Estate Money Begets Money
Despite popular belief, it does not take a lot of money to start investing in real estate. You just need the right guidance and a plan that holds up in the long run. Many people are unaware of the Mortgage Note Investing opportunities that don’t involve any risks or hassles of buying, selling or dealing with tenants.
Myth #2: Only the rich can invest
You’ll hear statements like “I don’t make enough money” or “I can barely pay off my bills” and so on. However, those are just excuses. The truth is, everyone makes enough money they just don’t know how to invest and manage money. The problem is not with income, it’s how we spend money. Most of us are spending as much as we earn, and so, we don’t see any savings at the end of the day. It’s really simple; anyone can make money in the mortgage note marketplace.
Myth # 3: I’ll need a college Degree and Training
Most people are brought up with the concept that to make money, you need a college degree, a good job, and then get married and buy a house to settle down. Although there is no denying that a college degree and a good job will give you knowledge, self-respect and security, it is not the only way.
There are a lot of people who have learned the right techniques of mortgage investing and bought a house, instead of throwing money away on rent, and they never attended any college. In today’s world, you can learn everything you need to know, using nothing but your computer, or even just your cell phone that you use so often.
Myth # 4: I Can Achieve Financial Freedom with My Current Job
Financial freedom is to have enough residual income to live the lifestyle you desire, without having to work actively. If you believe in achieving financial freedom and realizing the American dream, you’ll never achieve it through your current job. However, there are plenty of passive income opportunities in buying bank notes.
Myth # 5: Investing Is Complicated, I’m Not Smart Enough
It really amazes me to see how many people are ready to give up before they even give investing a fair try. I’ve heard this from a lot of intelligent people that investing is not for them, even before they learned how easy it is or what the steps are, simply because they are not willing to give up their comfort zone.
Developing your own skills is as complicated as you make it. You are investing or using your capital in this industry because you are trying to make a financial gain or return on your investment.
Sure, gaining any skill that has high returns on its investment is going to be challenging. However, the more knowledge and practice you have in the industry, the more chances there will be to make profits, without having to risk your investment.
If you do what you’ve always been doing, you’ll always get the results that you’ve been getting. It’s time for you to start thinking about financial freedom and change the way you think about investing in real estate.
To learn more about investing in mortgage notes, contact us at Keyhole Academy. Got a question or comment? Please don’t hesitate to put down your thoughts in the comment box below. Also, it would be really great if you visit our Facebook page and like it as well.
Source: Keyhole Academy
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