Don’t start building your real estate empire without understanding the three biggest risks to real estate investing.
Real estate investing isn’t for everyone but for those ready for the challenge, it can provide solid returns and a great diversifier for investments in stocks and bonds.
It’s not a stress-free investment though and for every real estate empire built, I’d bet that at least two investors have seen their savings vanish.
I was almost one of those many that real estate chewed up and left for broke. Ok, so it was a little worse than that. A few short years of real estate investing and I felt chewed up, digested and…something other than spit out.
But I’ve since rebuilt my real estate portfolio, having learned from the mistakes of the past. I won’t say that my new strategy of real estate investing has led to a fast fortune but it does look like I’ll be able to create some real long-term wealth.
It’s why I wanted to share my experience after reading Jackie’s article on crowdfunding real estate. Besides direct investment in properties, part of my new real estate strategy has been to use the new crowdfunding resource to diversify my portfolio and take some of the headache out of rentals. » Read more