The first and perhaps the most deep-rooted relates to property. This myth has led many people to believe that the only way to participate in the real estate market is to buy an additional house or apartment and turn it into a source of income.
However, this idea couldn’t be further from the truth. Although owning property can be a valid real estate investment strategy, it is not the only nor necessarily the best option for everyone, for the simple reason that it requires a level of income that few Mexicans have.
Swimming among monsters and sharks
There is more than one way to swim, and while it is true that owning property is one of the most well-known and popular ways to invest, this market is not limited to just one option. There are models such as income pooling, crowdfunding, purchase of shares in real estate companies, among others.
But owning property has been cemented in the market for a reason and that is because we were financially educated with emotional attachments, that is, we were instilled with the idea that we need to own something and that is the sure hook. But the reality is completely different.
Another sea monster in investments is the belief that only people with high purchasing power can aspire to be investors. Although an initial amount is required, it does not have to be limited to stratospheric sums. The ocean belongs to all the fish, not just the biggest shark.
In this life, nothing is black or white. Although real estate investing has a relatively stable track record, it is not without risk and, as they say, “the exception makes the rule.” That is why it is essential to remember that in matters such as capital gains and percentage of success, NOTHING is guaranteed and, if someone swears to you that an investment is risk-free, don’t run, fly away from there!
Move like waves
The bottom of the sea is full of ships that shipwrecked because they were commanded by captains without a compass or map. Before embarking on the investment adventure, it is important to be clear about the areas of opportunity and risk, as well as to surround yourself with specialists who will be the guide to make the best, most informed decisions.