Re-Entering The Real Estate Market As An Investor
The housing sector continues to show significant signs of improvement. The pace of recovery is encouraging. However, there are several investors who are looking to actively participate in the market now that things are looking better. Accordingly, those who left because of the downturn may consider re-entering the market as an investor.
Is this the right time to dive back into real estate investing? More importantly, how can the challenges of doing so be overcome?
It’s surprising how many experienced entrepreneurs have yet to rejoin the ranks of the successful real estate investors currently in the market. So what’s holding them back and what is needed for them to be able to make the leap?
Timing the Market
Any way you look at it, the U.S. property market has never been better for investing. The worst days of the foreclosure crisis are certainly over and there are years of growth on the horizon.
This market ripe and appetizing for everyone from the most optimistic to the full-time pessimist. It doesn’t even matter what your favorite sector, area, or real estate investment strategy is, the outlook is sunny all over.
However, this likely isn’t what is holding them back from re-entering the market. Many new real estate investors have engaged the market and a few have survived the ups and downs of the last couple of cycles. However, there is a significant pool of real estate investors that previously made millions and are not yet back.
Some, maybe even many, barely made it out breaking even. Others lost everything. They recognize the power of the market now, and realize that it wasn’t the market or outside circumstances which really brought about their downfall. It was a lack of advanced real estate education and strategy.
Some are content with their jobs, but it’s certainly a drastic change from their days as an investor. Others may hate their day job. They may not be making as much money while working longer hours. Some may hate the idea of working for a boss. However, re-entering the market as an investor is perhaps the only way to free themselves from this burden. So what are the challenges holding them back and how do they beat them?
The Hurdles of Re-entering Real Estate
Those that lost everything and and are still trying to restore their credit may use their financial situation as an excuse. However, anyone can participate in the real estate market. If they never make the leap, those burdens are unlikely to ever change. If they did it once before, they can do it again. It’s absolutely possible to get going with no money down, and even with no credit.
More than anything, the biggest obstacles for most are doubt and fear.
However, there are ways to mitigate risk and approach real estate investing with a proper strategy. The more prepared you are, the more successful your business will be.
It really comes down to rebuilding confidence. The motivation is there, the desire is there, and it makes perfect sense. So what’s the best way to get back in to real estate investing? How can you rid yourself of any doubt and fear?
Get educated, get coaching, take baby steps, take big steps, get out of that cocoon you are too big for, and flex your wings.