CW Blogcast 36 - Income property investing myths.

Published: May 1, 2013, 2 a.m.

Why aren\u2019t more people investing in income properties when it\u2019s the most lucrative, safest choice in history? Good question. Probably because people would rather watch television than improve their financial condition. Sure, everybody says they want to get rich but what are they actually doing about it besides flapping their gums?

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Talking wistfully about something you have taken no action to achieve is called whining. Don\u2019t go into the Green Parrot Bar in Key West with that attitude. It\u2019s an official \u2018no sniveling\u2019 zone.

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So let\u2019s take a quick peek a some of the more common excuses people use to not get wealthy in real estate.

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Reason #1 \u2013 \u201cI don\u2019t have enough cash.\u201d
Sorry. Not a legitimate reason. Find a great deal and cash will find you. Negotiate the purchase price! Take equity out of your home \u2013 it\u2019s losing value by the day in there anyway! Have you looked into the sweet $5,000 down deal Platinum Properties Investor Network has arranged in Atlanta? Next!

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Reason #2 \u2013 \u201cI don\u2019t have any time.\u201d
Sorry. Everybody\u2019s got time. You need to prioritize. We\u2019re talking about your financial future here. Surely, it\u2019s more important than three hours of slumming in front of the television or computer. Toss the kids and spouse in the car on a Saturday afternoon and cruise the neighborhoods looking for ugly houses for sale.

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Reason #3 \u2013 \u201cEveryone says this stuff doesn\u2019t work.\u201d
Everyone? Ask Donald Trump, Jason Hartman, or Steve Wynn. True, you\u2019re probably getting a skewed perception of reality if your primary source of information is late night tv. This stuff does work when you do it right.

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To learn how to do real estate the right way, check out\xa0www.JasonHartman.com\xa0for\xa0The Complete Solution For Real Estate Investors\u2122