3 Common Misconceptions About Real Estate Investing Newbies Believe

by Sterling White

Time and time again, due to the age-old troublemaker known as word-of-mouth communication, these highly common misconceptions regarding real estate investing cause some serious financial heartache. So, even if you aren’t a beginner, I think that you should definitely take a look through this article to avoid having to be tricked by these sneaky misconceptions ever again.

3 Common Misconceptions About Real Estate Investing Newbies Believe

Wholesaling is Where Newbies Should Start

It has been said so many times over the years that many of us probably think that it is true now. However, wholesaling is not all that it seems. Everyone gets told how simple wholesaling is and how profitable it can be. While it is true that you can make a good living with wholesaling, I must repeat that it is not easy. It requires a truck load of hard work, effort and organization. Not to mention, technically, wholesaling doesn’t really fall under the real estate investing umbrella.


So unless you really enjoy it, are extremely good at it, or are getting a nifty return on your time and effort (not the money spent investing), don’t simply jump on the bandwagon just because everyone else around you is doing it or because it sounds fancy and you are hoping that it will make you a millionaire overnight. Stay true to yourself and what you have a deep passion for.

Being a Good Landlord is Necessary to Being a Good Real Estate Investor

Being a landlord does not automatically make you a great real estate investor. I strongly believe that you should only be a landlord if you truly enjoy the handy work and definitely not because you want to save that extra $100 a month. This is simply because your time is precious — any good investor knows that.

After all, if you don’t plan on becoming a full-time property manager or a handyman in the future, why put yourself through all this trouble when you should be focusing on how to increase your passive income? In my previous article here, I talk about how I made the mistake of managing my own properties when first starting out. Now that I have a PM company, it allows me to focus my time on higher value activities.

You Need to Be Wealthy to Begin

People often believe that in order to begin property investment, you have to have a load of cash in your bank account before you begin. However, I am here to tell you that it is simply not the case. Real estate is extremely lucrative, and many of the top industry leaders are good at using other people’s money to operate their businesses.


Most successful real estate owners start off small, then slowly work their way up into bigger and bigger investments. So don’t freak out and think that you should avoid real estate investing if you don’t have millions. After all, many great investors start off small and carve out their own path to success from there. As you are aware, success in this industry doesn’t happen overnight, so be patient and be ready to make the slow climb one step at a time.

What other misconceptions are out there? Newbies, have you found the above to be untrue?

Leave a comment below!

Interested in Finding out More? Reach out below

Shawn Ireland

Phone: 913-225-6231

Email: Ireland_Investments@yahoo.com

Address: 1415 Main St. #823, Grandview, MO 64030

Website: www.irelandinvestmentsllc.com/

Facebook: @IrelandInvestmentsLLC/

Instagram: @irelandinvestmentsllc

Twitter: @IrelandLlc

Ireland Investments llc

This information is intended only for the use of the intended recipient(s) and it may be privileged and confidential. Please note that any views or opinions presented in this post are solely those of the author and do not necessarily represent those of the company. This is reposted information and is not original thought of Ireland Investments or anyone associated with the business.

Popular areas we service;

Kansas city Missouri, Overland Park Kansas, Kansas city Kansas, Olathe Kansas, Independence Missouri, Shawnee Kansas, Blue Springs Missouri, Lenexa Kansas, Leavenworth, Kansas, Leawood Kansas, Liberty Missouri, Raytown Missouri, Gladstone Missouri, Grandview Missouri, Belton Missouri, Prairie Village Kansas, Gardner Kansas, Raymore Missouri, Grain Valley Missouri, Ottawa, Kansas, Lansing Kansas, Excelsior Springs Missouri, Merriam Kansas, Harrisonville Missouri, Cameron Missouri, Mission Kansas, Kearney Missouri, Smithville Missouri, Pleasant Hill Missouri, Oak Grove Missouri, Bonner Springs Kansas, Roeland Park Kansas, Parkville Missouri, De Soto Kansas, Richmond Missouri, Greenwood Missouri, Paola Kansas, Basehor Kansas, Tonganoxie Kansas, Odessa Missouri, Peculiar Missouri, Platte City, Missouri, Higginsville Missouri, Lexington Missouri, Edwardsville Kansas, North Kansas City Missouri, Osawatomie Kansas, Louisburg Kansas, Fairway Kansas, Mission Hills Kansas, Sugar Creek Missouri, Riverside Missouri, Buckner Missouri, Pleasant Valley Missouri, Lawson Missouri, Plattsburg Missouri, Lake Lotawana Missouri, Weatherby Lake Missouri, Wellsville Kansas, Edgerton Kansas, Westwood Kansas, Garden City Missouri, Gower Missouri, Claycomo Missouri, Lone Jack Missouri, Drexel Missouri, Lake Tapawingo Missouri, Glenaire Missouri, Dearborn Missouri, Avondale Missouri, Osborn Missouri, Sibley Missouri, Oaks Missouri, Unity Village Missouri, Levasy Missouri, Randolf Missouri, River Bend Missouri, Jackson County Missouri, Johnson County Kansas, Clay County Missouri, Wyandotte County Kansas, Cass County Missouri, Platte County Missouri, Leavenworth County Kansas, Miami county Kansas, Lafayette County Missouri, Ray County Missouri, Clinton County Missouri, Bates County Missouri, Linn County Kansas, Caldwell County Missouri, Crossroads Real estate, 18th and vine Real estate, Hospital Hill real estate, library district real estate, longfellow real estate, dutch hill real estate, quality hill real estate, river market real estate union hill real estate, Greater downtown KCMO real estate, East Side KCMO real estate, Midtown KCMO real estate, Westport Real estate, Hyde Park real estate, Northeast KCMO real estate, Northland real estate, Plaza Real estate, South Kansas City Real estate, Fairway Kansas real estate, Kansas city Kansas real estate, lake quivira Kansas real estate, Lenexa Kansas real estate, Mission hills Kansas real estate, overland park Kansas real estate, prairie village Kansas real estate, Shawnee Kansas real estate, weatherby lake Missouri real estate, westwood Kansas real estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Website Built with WordPress.com.

Up ↑

%d bloggers like this: