Have you ever noticed how most people end up losing money when investing in real estate? This is going to be extended to the institutions that figured they could make money in real estate by making it a data driven decision.
In this video I discuss how real estate is always local. This means that looking at things on a broad scale does not give the nuances that is required to make money. We saw this with Zillow's failure in the home flipping industry. That was an epic failure. This is a story that keeps being repeated.
▶️ 3Speak
This is something that I am looking to get into within the next year or so, it'll be nice to check it out and get some tips for when I finally am able to start putting some money into it.
Man, SWFL gonna get it again huh? LOL. I moved there just after the crash and it was CHEAP then, lol. Wish now I would have bought and held, haha.
real estate is complicated, you have to carry out a good prior market study so as not to fail and get it right when buying so as not to lose money
It's not easy to earn money and there is a lot of work involved with buying a home and you never know how prices will react. At the same time, flipping houses are even harder if you don't fully understand how to do things correctly.
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