<< Back

Question: What do you think of get-rich-quick real estate schemes?



Answer:

Most real estate experts say there is no such thing as getting rich quick in real estate. But there's no end to get-rich-quick programs presented to the public as alternative methods of buying real estate.
Some are reputable while others depend on your financial circumstances to work. A handful are simply scams.
Many get-rich-on-real-estate programs offer advice on how to buy government foreclosure properties and participate in other government programs. Most of this information can be obtained by calling the government offices involved directly.
Anyone interested in real estate investments would be wise to explore a variety of sources. Most investors view real estate as a long-term investment. Deals that sound too good to be true often are.

Copyright © 2007 Inman News Features
All Rights Reserved