Should I buy a foreclosure home?

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Some people are so convinced that this is the way to go to invest in real estate that they are looking at foreclosure as an investment opportunity. I have read a lot of books and seen many programs that are trying to convince you that this is the best way to go.

People are dishing out money for these programs and even after they have tried them, some of them have lost a million dollars and many more have failed and decided to give up. There is no ' magic recipe' to investment. All you need is suitable information and motivation and determination to succeed. Can a person who has tried so hard to make it in the investment world give you an alligator to eat out of in his dreams...No. No. And the sooner you admit this fact the sooner you can move on.

There are so many people in the world that think that they can become a millionaire overnight and it is just not going to happen. My advice to anyone who wants to be a millionaire would be to stop looking for success from the grocery store and instead look for success at your local real estate investing club. During the real estate boom, many dreamed of building a multi-million dollar house in a few days and then getting rich and living like the richest people in the world. This could not be accomplished by every person.

Drive through your town and see what all the millionaires are doing. Many people have a false reading of wealth and believe that they have found a magic pill. The difference is that the people who have not found success are those that were not committed to the successful decisions that they made. Many of the richest people in the world have made their money and they have done so by being smart and doing their due diligence. If a willing seller and a willing buyer can agree on the terms and conditions of the sale then the deal can close.

The issues that cause people to fail in Real Estate investing are the lack of education as well as decision-making abilities. I still believe that people can do excellent real estate investments that can create significant assets. But decision-making is what is lacking.

When you are faced with a decision that if you invest correctly then you have a chance or have a chance of winning, you must take professional advice from someone of experience. Advice from people that know how to structure a winning strategy and that have been there and done that. You must listen and carefully read and then pick the advice that fits into your own personal 'WHY' scale. To find a person of expertise, knowledge, and experience in your local area of interest, look out for the business cards and or 'What's In It for Them' handouts on tables at the busy bars. You will notice those people that are more successful than you'll ever know that business. If you are still asking 'Why should I invest in Real Estate?' then you are the person that just doesn't know why.

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