It was enough to have her swear off real estate investing altogether for a time, although she’s since realized the mistakes she and others made, and she now makes smaller, more passive real estate investments.
Her website, the cents of money, is about financial education, created to teach and inspire you about money, seek new ideas, and create greater comfort in your world about one of life’s great stresses.
Many people are attracted to owning their home as their primary means of real estate investing of a tangible asset.
Real estate investors, especially novices, tend to understate the challenges and overestimate the opportunities.
Like investing in stocks, avoid being greedy when investing in real estate.
When the land adjacent to our house became available, we rushed to buy the acreage (over 50 acres) but had trouble selling it when the market turned negative.
For me, it was a lesson in humility and how fast the ground can move while investing in real estate.