The real estate investing business is full of misinformation. With the business growing in popularity over the years more people have become “experts.” With the influx of information, theories and rationale it is difficult to decipher what is real and what is fake. If the person providing the information is passionate enough it is easy to be deceived. Like almost anything else you should always investigate everything you hear and make you own decisions. Without personal due diligence you can sit on the sidelines for years thinking you can’t get started until you learn otherwise. Myths accumulate and grow over time until for some they become the truth. By debunking these myths, you will be able to act without hesitation. Here are the five most common investing myths.
It is always a good idea to vet anything you hear with at least three independent sources. Never take one person’s word or opinion on something as an absolute truth. Often times many of the myths you hear are nothing more than hearsay.