34. Becoming a Real Estate Investor
A MarketWatch article outlined the case of an executive who had 12 properties valued at $3 million. When the market tanked and her renters moved out, she didn’t have money to cover the mortgages, repairs and maintenance. She lost all but one property to foreclosure and short sales, and had wiped out her retirement savings.
Get lured into real estate without the proper experience or adequate capital, and it’s a countdown to financial ruin.
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