You do not require credit: Even if you have bad credit, there are options if you are dedicated enough. In fact, many successful real estate investors began with no or poor credit.

You don't need a lot of money: Beyond a few hundred dollars to open escrow, you don't need much capital to make money in real estate. Of course, this entails focusing on lower-priced or distressed properties and flipping contracts. It also entails locating hard-money lenders or other investors who can assist you in closing deals. This could even apply to home renovations if you're good at raising funds.

You don't need expensive assets: Another common misconception is that you must put up significant assets in order to secure a contract or purchase real estate. You are not required to do so, but you must understand how creative financing works. Most people simply come to a halt because they have this preconceived notion about what they require to get started.