The vast majority of people believe that the business of buying and selling property is absurdly difficult to learn, and that the rules one must follow in order to succeed are complex and esoteric. In truth, through, if everyone knew how simple it can be to achieve success as an investor, there would be a lot more successful investors running around. The key to unlocking the secrets of real estate investing is to start buying property. That's it.

In fact, now is a great time to start investing in real estate.

Willingness to learn is the other key to success when it comes to real estate investing. In truth, it's just like any other specialized task you must become familiar with in order to perform well at, but that anybody who is ready to devote time and mental energy can become proficient at. A good example is that of piloting an airplane; the process seems complex, but as long as your eyesight is decent and you don't have an insurmountable fear of heights, you could learn to pilot an aircraft, and, given time, you could probably develop the skills necessary to work for a commercial airline.

Investing in real estate is likewise staggeringly complex at first glance, but with time becomes a comfortable, understandable process. The fact of the matter is that in order to become a good investor, you absolutely must start out as an inexperienced one; from there, there's nowhere to go but up! So long as you put effort into educating yourself on the ins and outs of the industry, you are bound to become more and more successful as you go on.

Individuals willing to take the plunge into the world of investing, so long as they have the patience and wisdom necessary to pace themselves and absorb the necessary information, will, before long, find themselves making a profit. As this profit (and your investing know-how) grows and grows, beginners at investing gradually grow into experts. Like any other skill, it just takes time and a little effort to learn.

Those who need more convincing should take a look at real estate guru Robert Kiyosaki's bestselling 'Rich Dad' series, in which Kiyosaki will tell you the same thing: becoming a property investor is easy. Another great resource for those who want to hear more is Ken McElroy's 'ABCs of Real Estate Investing,' which lays the whole process out in a step by step manner.

At the end of the day, becoming a successful real estate investor is only difficult if you're unwilling to try, or if you insist on throwing your money at wild guesses (that's gambling, not investing). The one critical fact that you must remember about investing is that in order to succeed, you must constantly be learning; if one becomes complacent, or acts as if he or she is a born investor, a rude awakening is sure to come.

Just as it would be absolutely insane to assume that you could pilot an airplane, since even the best pilots have to learn from those with more experience, you should approach the real estate business with the respect it deserves, patiently expanding your knowledge base as your money gradually multiplies. With this approach, it won't be long until your earnings start to multiply faster and faster, and you realize you've become an expert in your own right.

Alexandria P. Anderson is a licensed Minnesota Realtor that helps people to find and purchase Richfield Condos and other Homes in Richfield, MN.

 

It's a fact of life that you will have to pay your taxes each year, and it's equally inevitable that you'll hear people complain about them. Those who are tired of grumbling about having to pay their own taxes will often grouse about how much money the rich manage to avoid paying. No matter how one looks at it, it seems unfair - those with less bear the greater part of the burden while the wealthy have lawyers working around the clock finding new ways for them to avoid paying their share. With this state of affairs, it's no wonder that the lower and middle classes resent the rich.

Unfortunately, simply recognizing injustices and complaining about them isn't sufficient to change the ways of the world. The rich will inevitably have money and therefore power, and they will use this power to stack the deck in their favor, particularly when it comes to using tax breaks to keep their money. They will claim that there simply isn't enough money for everyone to get what they need, all the while cutting corners and keeping their spoils for themselves.  This extends to elected officials as well - how many poor politicians have you heard of?  

That's why you are going to have to take action. Don't be one of the downtrodden masses. If you want more money, you are going to have to go get it yourself. And yes, you too can get more money in the form of tax breaks.

Robert Kiyosaki, who authored the rich Dad, Poor Dad series, has this advice for those who would like to join the ranks of the wealthy: look at what the wealth are doing, and do that!  What did the rich do to make their fortunes, and how do they continue amassing more and more money?  The answer's simple: they invest.

"One of the reasons I chose to work predominantly in the B and I quadrants are the tax advantages," he says in his book, "Cash Flow Quadrant." The cash flow quadrant, after which he named the book, is his rich dad's diagram of the four different kinds of people, with respect to where they get their money and their philosophy about procuring money which, oddly enough, match up. In other words, people who are Employees have one set of values while the people who are Self-employed have another.

According to Robert Kiyosaki, the real money is in the business and investment quadrants of the Cash Flow Quadrant.

It's best to take an "if you can't beat 'em, join 'em," attitude towards the wealthy - there's no way you're ever going to beat them, so the next best thing is to become one of them. Know also that the rich aren't simply lucky; if you follow the examples set by rich people, you can become one of them, and you can get the tax breaks that they are able to get.

Here's how. You become one of them by using investments to make your money multiply. You can do that while remaining also in the E and S quadrants, if you are well-paid, but Kiyosaki advises that you join the B quadrant, by building a business system that will essentially work on its own without much input from you. Then you can either keep it or sell it, but you must invest.

So, invest - invest in apartments, MN condos, vacation homes, whatever suits your fancy. This is the true, time-tested road to wealth.