If you are flipping houses, you may be surprised to see a title like the one on this post. Most of the time we read the rags-to-riches stories and often don't think of an ugly side to this business. Remember, though, that this blog is all about the truth and there are no sales pitches to sugar coat the truth.
While we see testimonials of people waving $100 bills as if they just cashed the first check in their REI business, the truth is a little different than the ads for REI coaching programs. The truth is that most people who set out to invest in real estate fail. Only a small handful of new REI businesses actually succeed and build financial security for the new real estate investor.
Let’s say you are flipping houses as your exit strategy. You attended a seminar, took an online course on real estate investing and you even wrote a big check for a coach. Your sincere efforts were not a bad plan. The problem was that once you paid the big bucks for a coach, you could never reach him again. Hmmm….sound familiar?