Real Estate is often touted as an optimal path to wealth. Many people have done very, very well by investing in real estate. Of course, there are countless ways to invest in real estate.
While I have no interest in managing individual properties, tenants, and contractors, I do like the diversification that comes from real estate investing.
The truth is that finding a deal isn’t easy. It takes time, money, effort and work to find just the right deal. And the kicker? Most deals are not found: They are made.
Good property managers are hard to find. Many do not always have your best interest in mind. Property managers are there to manage properties. They have problems to solve. Tenants to handle. Quick and fast.
The hard part isn’t finding contractors: it’s finding the right contractors. Those who will show up, do the work on time, and charge you a fair price. That is where the challenge lies.