All Forum Posts by: John Vasconcelos

Thank you @Nicholas L., what would you recommend for a total newb like myself ? BRRRR or Fliprrrr ? :-)

Hi @Nicholas L.,

Thank you for the insight. I understand the concept, I own some REIT, but I wanted to tap into more hands on investing, and perhaps build wealth faster as BRRRR allows for that using 75% loan to value options, etc. I may be wrong but I don't think REIT scales as you are tying up your capital right ?

What scared in the article is the mentions of personal financial risks, LLCs not really protecting your personal assets, the amount of investors filing bankruptcy , social threats, scams, etc.

Is this article over blowing these facts, trying to sell REIT ?

I am really new to all this and I am trying to learn before jumping into my first endeavor in RE investing. 

So really appreciate you even responding to my "dumb" question. :-) 

John 

Hi all, I was getting excited and learning about RE investing , but came across this article which scared me a bit as far as liability and actually building wealth with investing. Any thoughts on this?

Thank you!

John
https://www.biggerpockets.com/blog/why-reits-are-safer-than-...