Real Estate Investing Is A Better Gamble Than The Lottery

Real estate investing begins when you move to the starting point.

Get ready.

Get set.

GO...

Are you ready to begin a real estate investing career? Or, are you already investing in real estate some, and want to expand your holdings? Or, are you investing in real estate a lot, but want to streamline your operation?

If you prefer real estate investing to a J-O-B, here's a tip on the real estate investing gamble for hitting the jackpot, striking it rich, and quitting that day job!!!

As one of my professors use to say, "Let's commence, to begin, to start, to get ready, to GO."

Do you bet on the lottery?

I am amazed at how many people throw their money away buying lottery tickets with such slim chances at winning!

At the start of 2004, Tennessee cranked up its new state lottery. The news media fanfare went on for months. Tennessee hired the lottery director from Louisiana to set up Tennessee's system, and this media publicity aired every night on the news as the public was whipped into a frenzy. Finally, the kickoff. Within just weeks, the announcement aired that Tennessee had taken in $50 million in lottery sales, and then $100 million in lottery sales. Newscasters quietly mentioned, however, that a whopping $100,000 had been paid out already in winnings. Wow! $50,000 in winnings compared to $100 million in ticket sales. What a windfall. (For the lottery, that is) Then came the subdued mention that some store owners were shutting down their recently-opened outlets out of conscience at seeing so many ticket purchases by regular customers who did not even have enough money to buy groceries! And all this ballyhoo was presented under the guise of lottery money to subsidize college scholarships.

Isn't it great for kids to get a good education, and isn't it greater that I can buy a lottery ticket - not in paying for my own kids' education - but to help other folks' kids get their education!

And in the meantime, I might strike it rich!!!

Come on. (Where is common sense logic?)

Some fishermen friends several years ago liked to boast about how much money they spent every year on lottery tickets in another state. When I pinned them down to their actual winnings, they admitted they spent over $10,000 a year buying tickets, and they CLAIMED they always made more in winnings than they spent for tickets. Funny thing, however, they couldn't show me a tally of their win-loss record!

If you are a gambler who wants to make it big in some game of chance, you need to visit Vegas instead of reading this article.

But if you really want to win the big stakes without taking the big risks, real estate investing is a great game of chance!

Oh yeah, I'm a gambler, too, but I like REAL chances at winning. I want the stats on my side.

Twenty-five years ago I made one of the biggest gambles of my life by starting out with nothing and trying to hit the jackpot investing in real estate. It was a gigantic gamble because I had no cash and no credit. I was able to scrape together a $10 bill and a real estate contract, and I started shooting craps.

No, sellers didn't like my offers. Most threw the contracts back in my face. Success did not come easily. I was often very discouraged and frustrated. I actually did not know at that time of anyone ever who had started investing with a $10 bill, and I have never heard of anyone since. But I never threw in the towel. And within a year, I had somehow bought almost one million dollars in rental properties!

That's a gamble that paid off.

I like that kind of gamble.

Gamble when the odds are in your favor. http://CashinHouses.com/

Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://CashinHouses.com/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" - http://AAREIT.com/

---

If You Move Yourself

You'll want to take some items in your own car... Read More

How to Create Cash Flow Out of Thin Air!

Want to see a trick every real estate investor will... Read More

Selling Your Home? A Warning About Attachments

Before you list you home for sale, determine what you... Read More

Buying a House in Scotland

Buying a house in Scotland is slightly different from buying... Read More

Florida Real Estate Exploding For 15+ More Years?

YEEHAW!!!!!! The south will rise again!! Can't you just imagine... Read More

Buying and Selling Real Estate: Negotiating to Win-Win

You don't get what you deserve - you get what... Read More

A Log Home Story

Solving problems while maximizing valuesThis story has a few good... Read More

Searching for CLUEs: What Homebuyers & Sellers Need to Know About Homeowners Insurance

Homebuyers and sellers should be aware about issues involving homeowners... Read More

Join the Bulgarian Property Boom With Confidence

An Irish property investor in Sydney, Australia has created an... Read More

Do Bankers, Bubble, Discounters, & Justice Department Cloud Real Estate Industry?

Once relegated to the classified advertising section of the local... Read More

The Many Benefits Of Lease Purchasing

Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers,... Read More

The Real Estate Agent Alphabet

Alphabet Letters after a person's name seem to bestow some... Read More

Finding Structural Problems During Escrow ? Upscale Home Example

When buying and selling homes, the property purchase is often... Read More

Buying a Home with Zero Down Payment in Irvine, CA

Years ago, the only person that could buy a home... Read More

Just Give Me Eleven Reasons to Buy in Dubai

Buying overseas property is not always for the fainthearted but... Read More

Avoid The Traps Of Finance

Most consumers are told where to get their mortgage because... Read More

Homes in Chapel Hill

Chapel Hill is located right in the middle of North... Read More

Home Staging: How to Make Your Tract Home Stand Out in the Crowd

Home sellers who wish to market their property in development... Read More

Understanding the Escrow (Closing) Process

1. What is an escrow?Escrow is defined as a process... Read More

Searching For Maui Beachfront Houses?

Who wouldn't want to move into a Maui beachfront house?... Read More

Protective Covenants ? Buying A Home

In addition to zoning, some properties have covenants recorded at... Read More

Selling Houses Fast: Basics of Design & Color Psychology

Fixing up houses to ready them for sale includes a... Read More

How To Best Negotiate A House Deal

Whether it's selling your home or buying a home, more... Read More

Should You Accept A Full Purchase Offer For Your Note or Not?

You could be facing a dilemma when considering payout options... Read More

Home Warranties: Are They Too Good To Be True?

What is a 'Home Warranty?'A home warranty is like an... Read More

Home Buying ? School District Issues

A good school district is a key factor in home... Read More

Seven Questions You Should Ask When Buying a Condo Hotel Unit

You may have heard all the buzz about the newest... Read More

Looking into Buying Mobile Homes?

To own a home is one of the dreams every... Read More

Property Investing Secrets 8

Property Investing: A Buyer's Secret Weapon When Purchasing Real EstateMy... Read More

How to Sell Your House by Lease Options

Many people buy a house then have to move within... Read More

A Crash Course On The Payout Options Available To You When Selling A Mortgage Note

Okay, let's take a look at the typical payout options:Full... Read More

Real Estate Investors Kick Away $1,000

Those new to real estate investing often fail to take... Read More

Cant Rent a Work Zone

So you've picked up your first (or third, or tenth)... Read More