My experience with real estate investing includes some of the biggest mistakes you can make but also a lot of lessons learned. It’s not the passive income miracle you hear about on 3 am infomercials and it’s not the get-rich-quick strategy many thought it to be before the housing bubble burst. They’re not making much more land these days.īut real estate investing isn’t all it’s cracked up to be. It’s one of those hard assets that keeps its value well against inflation and there is a limited supply. Real estate is the perfect example of ‘owning stuff’. That’s why reading the four rules WCI followed to get wealthy brought back some painful memories. So real estate has always held a special place in my portfolio, but not always in a good way. I’ve managed my own portfolio of rental properties and have worked as an analyst on real estate investment trusts (REITs). I started my professional career in real estate and dreamed of one day being the next Sam Zell or Donald Trump. I Owned Six Homes and Lost It All With Real Estate InvestingĪvoid my real estate investing mistakes to build your own portfolio of rental properties for long-term returns Let’s hear what he did and how we did it, and let’s try our best not to follow in his footsteps! He now runs My Stock Market Basics and four additional websites in the personal finance and crowdfunding niche, making more money than he ever did at a 9-to-5 job, and loves building his work from home business. Joseph previously worked as an equity analyst and an economist before realizing being rich is no substitute for being happy.
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