He lost it all when real estate investing and had to climb his way out of a big hole. Joseph previously worked as an equity analyst and an economist before realizing being rich is no substitute for being happy.
He now runs My Stock Market Basics and four additional websites in the personal finance and crowdfunding niche, making more money than he ever did at a 9-to-5 job
Real estate is the perfect example of ‘owning stuff’. It’s one of those hard assets that keeps its value well against inflation and there is a limited supply. They’re not making much more land these days.
It’s not the passive income miracle you hear about on 3 am infomercials and it’s not the get-rich-quick strategy many thought it to be before the housing bubble burst.
It took less than six months to remodel the houses and refinance them to cash out and buy another property. Within a couple of years, I built my portfolio up to five rental properties plus my own home.