Shawn Moore built a meaningful lifestyle by purchasing vacation homes, but without the downsides of traditional real-estate investing. This, according to his latest Facebook advertisement.
Before I drop my Vodyssey review (formerly called Lifestyle Asset University), you might consider watching this case study. You'll understand our online rental property process, that you might like even a lot better than what Shawn teaches.
What Is Vodyssey?
Vodyssey , at the very least based on the limited information available on the website, is a course which could assist you to spend money on vacation homes without worrying all about the pitfalls related to traditional real-estate investing.
Basically, it is just a coaching program that will coach you on how exactly to earn passive income by purchasing vacation homes. The program is created by Shawn Moore.
The web site is clearly not too helpful, as all it showed me is just a vague explanation of what this program is all about, and before I can also search for answers in the video, they are already asking for my contact information.
If you have been an avid reader of this website, then I think you already know just my stance as it pertains to websites that restrict content, and require personal information to access. It's only not my thing, as I am worried about where my information ends up in.
That aside, there's really no other information available about the program, so I chose to dig only a little deeper.
IS REAL ESTATE FOR EVERYONE?
This part of the Vodyssey review is specialized in explaining why the real estate industry simply isn't for everyone.
Those who do not have enough money to start purchasing real-estate aren't automatically qualified. You can't simply enter the real estate market because you would like to. Making your decision to set up a real estate-related business is just a significant step as it entails a substantial investment of both money and time.
Like it were simple, many reality shows romanticize the thought of making rapid money by purchasing and selling real-estate assets. Be aware: this business strategy isn't as simple because it seems on television.
What's more, real-estate requires serious manpower. You will find way too many aspects in the business. Not merely would you should find out how investing works; in addition you need to find out about one other processes like renovating, interior design, and many more.
Knowing how to see a real-estate market is merely the beginning. You've a long road ahead of you, one that will are more difficult as time passes.
If you wish to be successful in real-estate, you may need the proper resources. If there isn't enough money, I would suggest starting an other form of business. Real estate acquisition is not just a cheap undertaking.
To win in this market, you may need greater than a keen eye for potential investments and some negotiation skills. I don't advocate entering the industry if there isn't both.
And then, ok last one, you still have to put money down and make mortgage payments on any vacation homes you buy. At the very least, until you start renting'em out. (But what are the results if nobody books?) Finally, in the end that, some management company will bleed you dry.
Wow. I desire a nap just thinking about it. For me, it doesn't matter what Vodyssey costs. It's a hard-no. I respect Shawn, but don't vibe with him at all. And the biz model? Compared to what I really do? Yeah, no. Awful See It Here.
