5 MYTHS About Real Estate Investing vs. Reality
youtu.be
In this YouTube video, real estate investor Sam Prim debunks several myths about real estate investing. He argues that there is no perfect time to invest in real estate, and that the best time to invest is when you are ready. He also debunks the myth that tenants will destroy your property and never pay rent, citing his own experience with over 275 tenants who have not caused any damage to his properties.
Prim also addresses the myth that real estate investing is only for people with a lot of money, explaining that he has bought over $40 million worth of real estate without using any of his own money by leveraging other people's money (OPM). He also debunks the myth that real estate crashes overnight, citing the 2007-2009 crash where real estate only went down 23% over a 24-month period.
Finally, Prim argues that real estate investing is not super risky, but rather involves calculated risks. He emphasizes the importance of finding the money to invest and properly leveraging it to buy real estate assets. Despite the challenges posed by COVID-19, Prim was still able to collect 98% of rent from his tenants. Overall, Prim's message is that real estate investing can be a viable option for anyone who is willing to take a calculated risk and put in the time and effort to properly screen tenants and leverage other people's money.
In this YouTube video, real estate investor Sam Prim debunks several myths about real estate investi