A common question we hear is “How Do I Start Investing in Real Estate?” New “investors” get amped up after reading books and watching videos and seeing the insane (by a poor man’s standards) wealth that …
You can’t look at your paycheck as $65k or $120k or $250k a year. You have to look at it as 1. 1 source of income<,/strong> and if that source stops, your large paycheck goes from X to ZERO, and you’re just 2 weeks from homeless.
While Tampa, and Florida in general have about a 12.5% renter rate, this shouldn’t alarm investors, as there are plenty of opportunities to own rental houses in Florida, and there are plenty of new residents moving to our state everyday.
Like a Las Vegas casino or the insurance industry, the stock exchange puts the risk on the individual investor – not the broker, the shared company or the exchange itself. There are managed odds that make winning possible, but because only “the house” really knows how everything works, losing is PROBABLE.