Quote:
Originally Posted by Mike AI
Investing in real estate should be left to the professionals.
The reason their is such a bubble now is 20-30% of the Re market was filled with speculators, most of the first timers - and they are going to get hammered.
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Real Estate is always filled with speculators. People thinking they can make a quick buck. Not realizing there are more factors involved. I'm lucky that I've got a long track record for finding properties that grow in value as well as other RE factors. I've never lost on RE. Having family in construction and rehab helps too as well as having architectural skills. I work wood, masonry and many other areas of rehab and aesthetics so putting equity and raising value is fun for me.
That's why there's going to be good pickens soon because so many speculators overinflated things and people overextended themselves.
Choosing the right thing and doing the right thing is where you make money in RE.