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Lighthouse Real Estate Blog

Monday, November 1, 2021   /   by C.K. Cole

Money Pit or Money Maker?

In 1986 Steven Spielberg released the cautionary tale, The Money Pit, starring Tom Hanks and Shelley Long. The lessons of this film, where the heroes are led by their hearts and not their heads in making decisions about their dream home, are just as valuable today as in 1986. Maybe even more so with HGTV and the myriad of programs available to teach folks  special strategies to get rich flipping homes.

Is Real Estate a good place to invest money and see solid growth? Absolutely! Is that guaranteed? Absolutely NOT!  In fact, without the right team, it’s just money in the wind. Back around 1986, there was a character who would appear on your TV about 2 AM and for about $200 plus he’d share with you the simple secrets of investing in Real Estate and quickly getting rich, without spending any of your own money except for what you paid him, of course. Many versions of this business have emerged over the last 30 years. Here’s the d. ...

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