Is Now a Great Time to Invest in Real Estate or What?

Or What.

So as I said before, the reason for this blog is show the world how inept I am at creating streams of income that are supposed to catapult me towards financial freedom. Obviously one of the most hyped ways to get rich quick is through real estate investing. We’ve all seen those Carlton Sheets commercials at 3 in the morning. I have to admit that I have always been interested in real estate. I mean it just has to be the fastest way for an average person to grow a large nest egg…doesn’t it?

For the last year I have been reading everything I can get my hands on about real estate investing and have even purchased a few courses. I could honestly probably write my own book on how to do different real estate investing techniques. The thing is, I still have not done one single deal! I haven’t been sitting on my but either. If anyone every tells you that investing in real estate is easy please slap them for me. (Note to Self for Later Post: The Trials and Tribulations as a Newbie Real Estate Investor)

No matter how hard I try to give up this addiction I have with REI, I just can’t shake it. I have read about and seen first hand too many people who have made money doing it. I am not one to give up very easily so I “walk on”.

So is this a great time to invest? Absolutely! Buy Low Sell High. There are some good deals out there to be had but it just seems that with every good deal I find, 5 other people already know about it and offer more than I am willing to pay. Even in this slow real estate market which it supposed to have scared away most investors, the pros and full-timers are still out there gobbling everything up!

I am on a mission to make money this year from REI. I read somewhere that to find a good deal you have to look at 100 houses, make 30 to 40 offers, and you might get one! I have made a total of 10 offers so far. All rejected of course. I’m beginning to think I purposely make such ridiculous low-ball offers because I’m scared about actually having one accepted. It turns out that real estate investing is not exactly SlugMoney. It actually takes a lot of time and effort. But like I said…I’m addicted to the challenge of making it work so I push on.

If you have any suggestions for me or are in a similar situation please join the conversation. Until next time…