Contrary to popular belief, becoming a real estate investor doesn’t require you to have millions of dollars or a substantial amount of experience in the industry. Most real estate markets are highly accessible and offer a diverse array of opportunities for individuals hoping to make a profit.
Traditionally, the real estate market is seen as either veterans turf, or a playground for those who have more tolerance to risk – which in layman terms is someone who possesses a comfortable enough reserve to throw significant lump sums of cash into physical properties. They are simply buyers in a high-ticket market.
That being said, it’s important to remember that not all investors are created equal, and the strategies through which they execute their decisions to invest differ as well.
Owning your own home has been known to be one of the ultimate goals in life. Doing so suggests that you’re financially stable, a part of a community and ready to put down roots.
But very few Americans buy homes outright, particularly their first one. Instead, we take out a loan from a bank – which becomes our mortgage – to be paid back over years with interest tacked on.