A Guide to Working from Home: Property and Real
Estate
The home computing revolution
and the advent of the Internet has made the dream of “Working from Home”
a very real and lucrative possibility for millions of Americans. And
this does not only apply to those who have found they can now
"Telecommute" in their chosen professions. Many have been bitten by the
next wave of entrepreneurial spirit that is sweeping the nation, and are
actually leaving their jobs to start their own home based businesses.
But choosing the right home based business can be a challenge.
Property and Real Estate
in today’s market are making new
Millionaires everyday, now is the time to be a part of it.
AT A GLANCE
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Expected Hourly
Income |
Almost unlimited
potential |
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Start-Up Costs
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Very Variable
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Start Up Degree of
Difficulty |
Easy to Difficult
Depending on The Route Taken |
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Potential Problems |
Scams and False Claims |
Getting Started
Real Estate. We have all heard
the claims everywhere about systems to buy property with no money down,
to profit from foreclosures in your area, to learn how to “flip”
properties and make money without ever even having to see the property
or leave your home. True while as the disclaimers to many of these
systems say, “your actual results may vary” now is still a great time to
get into real estate – and people do make money following these systems.
Be careful watch for scams, and get started by checking out any of the
links on these pages, and you could be well on the way to your first
million. Beyond the hype and the “no money down seminars” – there is
money to be made as a legitimate realtor, which does take training and
certification, or as an owner of income property.
Start-up costs
Start up costs for a Home-Based
real estate business varies greatly. It all depends on how you intend to
approach property ownership and income from it. At the very least your
costs will be to purchase one or more of the real estate systems that
claim to show you how to get started in real estate. Then there are the
costs associated with obtaining an actual Real Estate License if you so
choose, all the way on up to the cost of purchasing or at least closing
on an income property. So it is extremely difficult to say how much it
will cost to start making money at home from Property and Real Estate.
Analyze your means and liquid assets and get in on the level at which
you can afford to, that will best determine how you will enter the real
estate market.
Hours and Income
As with any Home Based Business
what you get out is largely a factor of what you put in. Many people are
under the mistaken belief that working from home will require less hours
then their full time occupation. That may be so eventually, and of
course you eliminate the time of commuting, but despite the claims made
by some of the scammers and con artists, if you want to be successful at
Real Estate, you must be willing to put in full time hours. However
putting in the time to find and resell properties, find and develop
income properties, or as a Real Estate Agent is likely to result in a
Six Figure Income.
Potential Problems
The pitfalls in the Real Estate
game? Scams, Scams, Scams, and more Scams. While it is possible to make
good and steady income with property and real estate, unfortunately the
most fertile ground for the conmen and snake oil salesmen is the
Multi-billion dollar “buy it with no money down” course and seminar
industry. For the most part the only people really getting rich off of
these programs are those that are making money selling them to you. Your
best defense? Common sense. If something seems too good to be true it
probably is. Stick with sites and programs that make reasonable claims
on earning and income potential and offer trial periods and money back
guarantees. Check with your local Better Business Bureaus, or States
Attorney General’s office for any complaints about a given Real Estate
Program. You may also help separate the wheat from the chaff by logging
on to:
http://www.johntreed.com/Reedgururating.html You can also check
http://www.complaints.com/ or
www.scam.com
Other Resources
Listings of No Money Down
Opportunities worth checking out
http://www.wealthygeek.com/results.aspx?keywords=no%20money%20down
About Getting a Real Estate
License
http://www.realestateexpress.com/general/gettinglicensed.asp
Conclusion
People have been making money off of Property and Real Estate for
centuries, and now is a better time then ever before for just about
anyone to get involved. But beware there are many pitfalls and mine
fields. Get training, get good advice from legitimate and proven
programs and you can make a comfortable living buying and selling Real
Estate or managing Income Properties.
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