- Dec 25, 2010
I do agree that real estate can be a good investment. But I think you've got to decide whether you're going to be aggressive and heavily leverage or conservative. You always hear about the few that made crazy amounts of money quickly but you can also lose your shirt in a hurry that way. Alternatively, you can slow and steady, and have a nice secondary source of cash flow for retirement.Investing in real estate property is not a bad choice today since cryptocurrency prices fell this spring.
I've been considering real estate investing, but the federal government's unilateral rent cancellation during the pandemic has cooled me off a bit. Just imagine being a small investor, owning five to ten houses, and each of your tenants being able to simply stop paying rent while remaining in your property? Sure you could apply to the federal gov't program to get that money, but the feds were extremely slow in processing applications. How many months of cash flow did relatively small investors have? Amazing that the feds could come in and simply appropriate private property like that.