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Real Estate Investing is Saturated
Investing in real estate is not a new trend. People have been doing it for decades. It seems like every decade there is a boom bust cycle. Like every field, real estate is competitive.
When you talk to people, or overhear conversations at the coffee shops or the restaurant, you might think there is a lot of hype around real estate. There is, but a lot of it is hype. A lot of people talk about things but don’t actually do them. A lot of people that do something, will stop after the first deal, or the first bad deal.
However, these days you have a ton of people on Youtube and Tik Tok that are fake experts telling you how real estate is passive. Let me tell you, even the best house you buy, there will be repairs needed. Things break. The toilet will break, the dryer will stop working, the sink won’t drain.
Things have gotten very competitive and margins are smaller than they were previously. A lot of the people flipping houses do the renovations themselves.
However, I believe people will always need a place to live. What are your thoughts? Share in the comments.
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