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Updated 10 months ago,
People keep telling me not get into real estate
Hello everyone, anyone I have spoke to about REI in my personal life all tell me the same thing: don't get into real estate
They are all people who have had properties themselves, have tried to rent them out and have told me horror stories of tenants and how repair costs or costs to property managers make it disadvantageous to earn profit or scale
I’m trying to invest with my spouse who is also included in these conversations. My spouse was already wary of investing into Real estate, but after hearing these conversations from family and friends, I can tell their concerns expand
that said, I would love to know how people on here got started with their spouse. How did they know the property they would invest in would cash flow and/or build equity over the long run? I was thinking about investing in Orlando or Tampa, but I actually don’t know if either markets are actually advantageous. I grew up in Orlando which is why I wanted to start there because I know the good vs bad areas but hearing no one in my circle make money from a rental property makes me concern. But I’m not sure if Orlando is a “good” market. I’d love to learn about other people have done that were actually successful and what made them successful