There are so, so, so many reasons as to why I love real estate. But I want to clarify one thing:
If someone says “real estate is always a good investment” they are wrong. Real estate is like anything else—there’s good and bad. It’s up to you, the investor, to look at the numbers and ascertain whether or not it’s a good investment.
Of course, there’s plenty of room for creativity but (as the saying goes) “putting lipstick on a pig” is never a good investment strategy.
If you want to flip a property for a quick profit, make sure the numbers add up.
If you want to hold on to a property for cashflow from tenants, make sure the numbers add up.
Your investment strategy should never be as simplistic as “real estate always goes up in value”. That’s false…just look at Detroit.