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Updated over 5 years ago on . Most recent reply

User Stats

13
Posts
2
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Eric Jiwanmall
  • Philadelphia, PA
2
Votes |
13
Posts

Is Real Estate’s barrier to entry still high in 2019-2020?

Eric Jiwanmall
  • Philadelphia, PA
Posted

I want to start investing, and as I continue to educate and become more involved in real estate, I feel as though everyone is starting to invest in real estate now. 

I know this may sound absurd, but as a newbie, I’m feeling discourage and think that there aren’t enough properties to go around for me to get a piece of the pie. 

Competition is extremely high in Philadelphia. I can’t even find available mutifamily properties to house hack. 

Is there any advice, statistics, or facts that can help me not feel discouraged about investing in real estate? Once again, it seems like everyone is doing it now. Also, are there strategies to dominate the competition despite the market a person is in? Any mindset advice? 

Thank you in advance!

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