Help! I don’t have enough money to buy real estate!

[Danny Kaminsky]

"Help! I don’t have enough money to buy real estate!”

For 90% of real estate investors, it’s a thought that follows “I want to invest in real estate” when we get started. But why does this one road block set back so many people? I am a case study for this question. I bought my first property a little bit less than a year ago with $23k down, and I have much more than that in the bank now, but I still have had trouble pulling the trigger again. Why? Because I feel safe having the cash in the bank. Because I think buying another property would be risky. Because the people around me are still wary of “that real estate thing”. But in reality, the bank guarantees you will lose money at the inflation rate, and real estate will usually yield a solid return in the long run even with some mistakes. Tell me which of those is more risky.

The bottom line: A lack of money isn’t stopping the typical beginning investor, just as it isn’t stopping me. Inertia is what actually stands in our way. Without a substantial force pushing us, we won’t move forward in real estate. We’ll stand on the sideline for years, saying we want to retire early, and maybe picking up a property or two along the way but never diving in. If you’re in the same shoes, I can’t offer you advice, but I can offer some camaraderie. I have faith that those of us who push through will make it out the other side glad we did.