Real estate is one of the best investment vehicles for your hard earned monies. Although it is not a passive investment, it offers numerous benefits over other vehicles:
- Low barrier to entry
- Easy to learn as you go along
- Most decisions are common sense (e.g. a tenant doesn’t pay -> evict; repairs needed -> perform repairs; vacancy -> advertise, etc.)
- Allows you to leverage other people’s time (e.g. property managers, lawyers, accountants, real estate agents, etc.) & money (the bank, private lenders, etc.)
But before you consider investing in real estate it is vital that you invest some time to learn the basics.