How many times have you seen late-night infomercials or advertisements inviting you to a seminar on how you can become a millionaire by buying real estate with no money down, even if you have a poor credit history? As with most get-rich-quick schemes, there is an old saying, “If it seems too good to be true, it is.”

Becoming a real estate investor is not easy. It involves careful study as well as being surrounded by a team of professionals to assist with properly evaluating, negotiating, financing and managing your investment. Even with all of this, some very experienced investors have also suffered losses or even bankruptcies when the market unexpectedly turns, as we saw in the last four months of 2008.

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