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Is real estate a get rich quick scheme get rich, quick adventure opportunity, whatever you want to call it. Certainly there are a lot of books out there. A lot of articles, a lot of people suggesting that real estate investing could be a get rich, quick scheme. Nothing could be further from the truth. Real estate is not a get rich quick scheme. It's not something you can do quickly and, and make a lot of money out of it. There certainly are ways to, to invest or to get involved in real estate where you can make a lot of money. Things like wholesaling, for example, you don't need any money to get started with wholesaling. All you have to do is you have to have a lot of I guess 10 city, a lot of persistence. You go out, you find properties that are undervalued you from motivated sellers.
Then you go out and you find buyers or people that are interested in purchasing properties that needed some fixing and flipping or some fixing. They purchased the properties from you. So basically your wholesaling, you found the properties from the motor VAD seller, and now you're selling them to somebody that's going to fix 'em up and sell them. And they are your retail buyer, or they're the buyer that they're gonna eventually sell it to the retail buyer. So that's wholesaling, wholesaling's quite easy to get started with. Another way you can get started with is without any money is lease option. And this seems to be the confusion, get rich quick versus nothing down. Certainly there are a number of ways to get started in real estate with nothing down. The first one I just mentioned is wholesaling. The other one out there is lease options and lease options.
The, the biggest lease option one is what's called sandwich. Lease options. You go out, you find a property you put it under lease from somebody the owner of the property, and then you sublease it to somebody else. And the reason it's called lease option, because the person you're leasing to leasing it to also has the option to buy it from you. So that's a a lease with an option to purchase it. Okay. And the nice thing about it is you don't need any money to do this. You just need a willing person, a person that's willing to lease it to you. And a willing buyer, meaning tenant buyer, somebody that's willing to lease it from you over a period of time to and then eventually purchase it. Those are the two ways I think, to get started fairly easy with real estate where you can make some money really quickly.
And then after you start getting money from that, then you can get involved into more what I call actual investment opportunities, where you can go out, you can purchase properties, you can actually go out and buy properties put them like rental properties, whether it's single family homes, whether it's multifamily homes, whether it's apartment buildings. And yes, you can purchase apartment buildings when you just get started. You just need to know how to do that. But the nice thing about these investments is there's not a lot of work involved and the other two
Lease options and wholesaling, there is a fair bit of work required. It's almost like a job. Whereas with rental properties, you buy them, you rent them out and then hopefully you can sit back and collect rents which also is a fallacy because you're assuming that the rents that you're gonna get will cover all your expenses. You're, you're assuming that you never have to do any maintenance. There's a lot of bad information up out there about how you can get rich with residential real estate, again, another long term strategy, another strategy that requires a lot of effort. The other one that's popular is fix and flips, right? So you see a lot of these shows where they go out and they acquire these properties, and then they, you know, they get them for steel and then they fix 'em up and they sell them for a hefty profit.
Now, the challenge with fix and flips is you never know what you're buying. You never know what you're getting into. Chances are you're gonna to get a property that may be okay in meaning that the estimates, the the re the, I guess, the renovations that you originally estimated are gonna come in close to what you estimated, which is good. This again, rarely happens. So all these scenarios I'm talking about require a little bit of experience, require a little bit of knowledge, and, you know, sure. You may be lucky at first. You may be one of the few that does end up making money from their first deal, their second deal, their third deal, but what's gonna happen is you're gonna file. You're gonna lose on your first one or two deals specifically in fixed and flips rentals are pretty, a little bit easier in that you, it's hard for you to lose money in rentals, but it's also hard for you to make a lot of money in rentals. Certainly in a short period of time, rentals takes a long time to do this is why I suggest people get involved in either syndication with private equity, you know, going raising money finding properties, larger properties that will appreciate with with the increased rents, et cetera. Okay. So no real estate is not a get rich quick scheme, but it is a get rich for sure. Opportunity. Okay. Thanks very much.