That’s true. Part of the problem is that there are books, websites and infomercials that make real estate look easy. And of course, since it’s a physical thing, people assume they have greater knowledge of it than they do. It really is a business, and unless you’re willing to approach it that way, it’s best to avoid it entirely.

My sentiments exactly. There’s a saying, “Do what you do best and let others do the rest”. Works for me!

It reminds me of Warren Buffet talking about tech stocks in the late 90s. He wouldn’t invest because he didn’t understand them. When pressed that this was the ‘next big thing.’ He pointed out how when he was younger the equivalent was air travel, but that there were only a handful of those stocks left.

I’ve been a real estate investor since 2009 and have been very successful at it. Good information is really hard to find and it never looks as glamorous as the bad information is.

He helped me know what would work, what wouldn’t, what a good price was, what wasn’t, what my costs and income might be, etc. He was the only reason I could even think of investing.

He was also my real estate agent, so when I bought, he made a commission. That’s how he got compensated for his time and advice.

I would never have tried it otherwise.