I wanted to, as concisely as possible, summarize an overview of real estate investing as I have internalized it so far.
In general, a lot of real estate is not particularly complicated – just difficult. It’s not rockets science, but it takes persistence and creativity to achieve success. The usual economic principles apply – buy low, sell high, minimize your risks and expenses.
There are some unique benefits that come with investing in real estate, that differ from other entrepreneurial ventures, like starting a business. The biggest of these is the concept of leverage, where a bank will hand you a lot of money to invest in your “venture” just because they believe the tangibility of real estate protects them from risk.