In an interview with Molly Wood of Marketplace, HGTV stars the “Property Brothers” shared advice that some would-be investors may find hard to swallow: There’s no secret to being successful in real estate.
“Everyone thinks that there’s a secret, there’s a secret formula to real estate,” brothers Drew and Jonathan Scott told Wood. “And there really isn’t, because real estate in itself is the most basic of simple economics.
“It’s supply and demand: the more people that want your product, the better the price you’re gonna get. There’s no real secret, it’s all about educating yourself and not just doing the guessing game.”
The Property Brothers base their own success on years of experience. They have been involved with real estate since buying their first house at age 18 in order to keep from being “struggling artists” as they pursued acting. After doing extensive research, they sold it for a $50,000 profit.
“That’s when the light bulb went on” they told Wood…
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