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The Truth About Income
& Real Estate Investing
T
BY SENSEI GILLILAND
he art of transacting real estate
investments for generating
income, and why investing in
rental property may not be the
move for you, yet…
Real estate is absolutely the corner-
stone of wealth. It is highly reliable, and
an essential element for building and
preserving finances. However, some
find getting started, and getting the
results they hoped for, is a challenge.
Over the last 22 years of coaching
and training investors, I’ve found that
comes down to three main things.
1. Getting lost in the different invest-
ment options
2. Making it more complicated than it
needs to be
3. Failing to have a solid action plan
MYTHS & MISCONCEPTIONS
ABOUT REAL ESTATE INVESTING
* MYTH 1:
There is One Superior Way to Invest
One of the biggest hurdles today is not only the
increasing number of real estate websites and gu-
rus out there, but that so many are more focused
on sales, rather than
true education.
Too many try to
promise that their
strategy is ‘the superior’
solution.
The truth is that
wholesaling, fixing and
flipping houses, private
lending, and investing
in rental properties can
all work. I’ve personal-
ly done all of these. I
still do today. The best
strategy really comes
down to your personal
preferences, your time-
line, capacity to invest,
and goals.
Some people love
rehabbing houses and
would do it regardless of
the money. Others just want a completely hands-free
way to invest and would never dream of taking on a
DIY project for any amount of money. For many it is a
matter of the right strategy at the right moment, and
diversifying and moving up over time.
* MYTH 2:
You’ve Got to Do a Lot of Deals
How many houses does someone need
to own or flip per month to live a comfort-
able life?
See most people I encounter think
they must do five to 10 houses per month.
Then they just get daunted by the size of
that, or they set unrealistic goals, which
diffuses their motivation, and they never
get started.
It’s true that there are investors and
business owners out there hustling, doing
10, 20 or more deals a month. Big goals
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PAGE 32 • 2017
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