Getting rich in real estate. Seems to be the thing to do these days, doesn't it? I mean there are investment groups everywhere, Do-It-Yourself Real Estate Guides, must attend Real Estate Seminars, Real Estate Investment magazines, Real Estate DVD programs, and on and on and on. Any concerns? I mean, does any of this send just a little shiver of concern up your spine?

It seems like real estate investing is the no lose way to go. After all, hasn't real estate made more millionaires than any other form of investment? Well, everyone says that, and it is probably true, but I've never seen the statistics. And certainly in the last few years, it has no doubt made many millionaires. Just read your local real estate investment magazine. "22 year old brothers become multi-millionaires in just 2 years - build 100 property portfolio" "Mother of 6 goes from rags to riches" "How I turned a $150,000 debt into $5,000,000 in real estate" and always, always the message is clear; you can do it too.

Does any of this sound familiar? Isn't there a new miracle diet on the cover of every magazine every week? Isn't there a new get-rich-quick scheme out there every month? Wasn't the stock market the no lose way to wealth just 10 years ago? Weren't there Stock Market Seminars everywhere 10 years ago? Weren't there stock investing groups everywhere 10 years ago? Where did they all go now that the stock market has had a rough ten year ride? Where did they go? The same place the Real Estate Seminars and magazines and DVDs and clubs will go in a few years - into oblivion.

You heard me right - into oblivion. A couple of crazy years in real estate turned everyone, well, crazy. Real estate is not now, never has been, and likely never will be, a get rich quick scheme. Real estate is the best way to riches that I know of BUT it is a long, arduous road. The recent real estate bubble (oh my he used the B word) did what every other bubble has done in the history of mankind (don't believe me? Read "Devil Take The Hindmost" and "Extraordinary Popular Delusions and the Madness of Crowds "(I love that title). One is  a recent book the other was written 150 years ago! Yes, what every other bubble in history has done - suckered us in to believing we're all going to get rich. That is poppycock! If we are all rich, then nobody is rich. Rich by definition means way above the average. If everyone became "rich" the price of everything we buy would shoot up, and, well, nobody's rich. It's a sexy siren call, but of no substance. Mark my words, they will all be gone in a few years.

Okay, the good news. Yes real estate is still the best way to become wealthy. But the road is long, the dangers are many. Call Gerald to find out how to navigate that road and go from...well, from rags to riches!