Real estate investing

Get ready. Get set. GO...

Are you prepared to begin a real estate investing career? Or, are you previously investing in real estate some, and want to make bigger your holdings? Or, are you investing in real estate a lot, but want to make more efficient your operation?

If you wish real estate investing to a J-O-B, here's a tip on the real estate investing gamble for striking the jackpot, striking it rich, and to quit that day job!!!

One of my professors always uses to say, "Let's commence, to begin, to start, to get ready, and to GO."

Do you bet on the lottery?

I am astonished at how many people throw their money away for buying lottery tickets with such thin chances at winning!

At the beginning of 2004, Tennessee cranked up its latest state lottery. The news media fanfare went only for months. Tennessee hired the lottery director from Louisiana to set up Tennessee's system, and this media hype aired every night on the news as the public was whipped into a frenzy. At last, the kickoff. Within just weeks, the declaration aired that Tennessee had taken in $50 million in lottery sales, and then $100 million in lottery sales. Newscasters silently mentioned, however, that a whopping $100,000 had been paid out previously in winnings. Wow! $50,000 in winnings compared to $100 million in ticket sales. What a windfall. (For the lottery, that is) Then came the submissive state that some store owners were closing down their recently-opened outlets out of conscience at seeing so many ticket purchases by regular customers who did not even hold enough money to buy groceries! And all this ballyhoo was presented beneath the guise of lottery money to subsidize college scholarships.

Isn't it great for kids to get a excellent education, and isn't it better that I can buy a lottery ticket - not in paying for my own kids' education - but to assist other folks' kids get their education!

And in the intervening time, I might strike it rich!!!

Come on. (Where is common sense logic?)

Some fishermen friends quite a few years ago liked to boast about how much money they spent each year on lottery tickets in another state. When I pinned them down to their actual winnings, they admitted they used up over $10,000 a year buying tickets, and they CLAIMED they always made extra in winnings than they spent for tickets. Humorous thing, however, they couldn't explain me a tally of their win-loss record!

If you are a gambler who needs to make it big in some game of chance, you require visiting Vegas instead of analysis this article.

But if you really want to win the big stakes with no taking the big risks, real estate investing is a huge game of chance!

Oh yeah, I'm a gambler, too, but I like REAL probability at winning. I wish for the stats on my side.

Twenty-five years ago I made one of the biggest gambles of my life by starting out with zero and trying to strike the jackpot investing in real estate. It was a enormous gamble since I had no cash and no credit. I was able to scrape collectively a $10 bill and a real estate contract, and I started shelling craps.

No, sellers didn't like my offers. Most threw the contracts reverse in my face. Success did not come with any trouble. I was often very depressed and frustrated. I actually did not know at that time of anybody ever who had started investing with a $10 bill, and I have never heard of any person since. But I never threw in the towel. And within a year, I had someway bought roughly one million dollars in rental properties!

That's a gamble that paid off.

I like that kind of gamble.