Top 7 Fears of Real Estate Investors

The Top 7 Fears of Real Estate Investors Today

1. Lack of Cash - Personal incomes are dropping. Unemployment is nearing record highs. Renters in most markets are defaulting. Credit card companies

are cutting the amount of cash available even for those who have amazing credit scores

and always pay back on time.

2. Lack of Confidence - Many investors are lacking confidence in their ability to get through the next three years of this huge downturn. For example, many investors are finding that it's taking months to close a property deal. If you're working real estate short sale strategies, because banks are so burdened with offloading inventory, you could wait six months just to receive a BPO (Broker's Price Opinion).

3. Loan Challenges - A friend of mine couldn't even refinance

his house for a lower mortgage payment than what he's paying right now because the household income dropped since his wife's death. If he can't refinance his home for a lower payment, what do you think your chances of getting a loan are? What's more, banks have raised down payment requirements on residential and commercial properties to as much as 40%.

4. Can't Find Deals - The majority of housing and condo sales are foreclosures, as homeowners don't want to sell now and lose all the value that they put into the house.

5. Not Enough Buyers - Yes, incentives like the tax credit are beginning to enter the market. Yes, we are starting to see a reduction in new inventories. The key word is "starting." Yet in many markets, investors are finding a lack of buyers even at bargain prices!

6. Takes Too Much Time - Many old-hat real estate investors are spending their days and nights trying to close deals. Most of their time is spent late at night on their computers, or traveling around the country hopping from one airport to the next, in hopes of getting that six- or seven-figure real estate deal done, just to be disappointed again and again.

7. Lack of Knowledge - Old-hat real estate investing requires you to understand negotiation strategies, NLP mind tricks, what's-working-now techniques, real estate contracts, and how to adapt to opportunities in more than one marketplace, using more than one investing strategy.