Skip the Quick Flip - The wealthy do not labor for money

Summary

First of all, you don’t need a college degree or a real estate license. Many people believe you have to pass tests and get a license if you want to be an agent or broker. That’s not true. In fact, getting your real estate license may actually limit your ability to make better deals. When you are licensed, you are held to certain standards that may impede your investment success.

Another major myth is about debt. Debt is a tool that can be used for good or bad. Some people think all debt is bad, but again, it’s not true. Debt can be helpful in expanding an economy and raising standards of living. Even companies with a lot of cash on hand sometimes choose to use debt.

The biggest mental block that keeps people from real estate investing is the myth that they need piles of money to get started. To overcome this roadblock, start by learning all about how investing works and building your self-confidence as an investor.