The Power Is Now Magazine | May, 2021

Page 79

By Cornelius Jackson

W IT ISN’T IMPOSSIBLE WITH LITTLE TO NO MONEY DOWN WWW.THEPOWERISNOW.COM

WHAT IS REAL ESTATE INVESTMENT? If you are a newbie, you might be wondering what investing in real estate is all about. Real estate investing simply refers to all operations that go on in the business with the intention of making a profit in the long run, including the purchase and management of properties for future sales or rentals. That applies to the various categories of real estate, from residential properties to commercial, special-use, and land properties. Two well-known characteristics of real estate which investors take into consideration are that:

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DEBUNKING REAL ESTATE INVESTMENT MYTH IN IRVINE:

ith the median sales for a property in Irvine, CA pegged at $ 921,895 - almost a million dollars - the misconception that you have to have a lot in your pocket to embark on real estate investment in the city is understandable. However, regardless of what you see on TV shows like Fixer Upper: reality often presents a different story. And though it is usually assumed that real estate investing, especially in cities like Irvine, is for the rich kids, here’s a Reality check: You do not have to have a lot of money down if you want to get into the real estate investment. Read on to find out how!


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