You see them on cable TV, sitting around a swimming
pool, sharing stories about how they got rich quick by buying valuable real
estate for give-away prices. They took a course on how to invest in real estate
and become millionaires overnight--with nothing down and no credit hassles from
mortgage lenders. The course worked for them, and they say it will work for you,
too.
If all this sounds too good to be true -- it is! These
"get-rich-quick" courses and schemes are being investigated by
consumer fraud agencies around the country. This does not mean that you can't
become a millionaire by investing in real estate. But investing in real estate
requires one important thing from you --an investment of cash. You can't build an
empire overnight, but you can do very well over the long term by selecting
property in a good location that is priced well, and which can provide a
reasonable cash flow.
