Avoid These Eight Real Estate Myths Keeping You Broke
One of these is holding you back from financial freedom...
Welcome to a free edition of Unfollow the Herd where I share actionable advice on real estate, business, & financial freedom.
Today we’re busting financial freedom myths.
And I broke down my strategy for doing your first real estate deal down below.
Let’s dive in.
1) “You Need a Lot of Money to Start Investing”
The Myth: Many believe that investing in real estate is reserved for the wealthy with millions in the bank first.
The Truth: Start small. Start with your first deal. Start with one house hack. Start with one wholesaling contract. Start with one. Then another. Then another. Believing you need 20% down is complete B.S.
2) “Investing is Too Risky”
The Myth: The fear of losing money keeps most people on the sidelines.
The Truth: Every investment carries risk. But not investing is the biggest risk to your financial future. Educate yourself, start with lower-risk investments, and diversify to mitigate risks. Coaches and experts can help.
3) “I Need to Pay Off All My Debt First”
The Myth: Stop believing you need to be debt-free before investing in real estate. It can delay your start and financial freedom age.
The Truth: While high-interest debt should be a priority to pay off, not all debt is bad. You can balance paying off debt with strategic investments. The more you learn to leverage “good debt” — the wealthier you will become.
4) “It’s Too Late to Start”
The Myth: There's a common misconception that financial freedom is only achievable if you start investing in stocks at 11 years old like Warren Buffett.
The Truth: It’s never too late. While starting as early as possible helps, you can begin investing at any age with the right strategy. Start today. That’s the key.
5) “I Need to Be an Expert to Succeed”
The Myth: The idea that you need to be a financial or real estate guru to achieve success in investing can be intimidating. And it’s completely wrong.
The Truth: Start with what you have, learn as you go, and don’t hesitate to find mentors along the way.
6) “Real Estate Investing is Only About Buying Properties”
The Myth: A common misconception is that real estate investing is solely about purchasing physical properties.
The Truth: Real estate investing is diverse – it includes REITs, property funds, wholesaling, investing passively as an LP, and many other forms of indirect investment.
7) “Timing the Market is Key”
The Myth: Many wait for the 'perfect time' to invest, hoping to time the market. This keeps them scared on the sidelines.
The Truth: Time in the market is more important than timing the market. Consistent, long-term investing typically yields better results. Try to find great deals and get ‘em done in all market conditions. Get creative.
8) “Financial Freedom Means I Don’t Have to Work”
The Myth: Real estate is a magical passive income that requires zero effort.
The Truth: If you aren’t willing to work harder than 90% for 10 years to be more free than 90% by the age of 40…then you won’t achieve financial freedom. The only way to truly create passive income is to work hard up front.
Today was a little inspiration for anyone who is waiting for the perfect time to invest. The hard truth…there is no perfect time.
There is only consistent and imperfect action over 356 days * decades of your life. This is the secret to financial freedom.
Want more?
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Here’s how to do your first deal:
Whenever you're ready, there are 3 ways I can help you:
Real Estate Course: Learn the exact strategies that helped me build a $20M real estate portfolio. This 2-hour course equips you with the tools you need to build financial freedom through real estate investing
Invest with Me at MAK Capital: learn how you can passively invest with me in commercial real estate. I find the deals, you collect a rent check. Schedule a call with my team
Subscribe to the MAK Podcast: each week I share actionable real estate, business, and personal finance tips on the MAK Podcast