A house hack is like that beginner run (but BRRR'ing, wholesaling, and out-of-state investing are more like double black diamonds).The fact of the matter is: real estate is often a high-stakes endeavor, and the more advanced strategies (like BRRR'ing, wholesaling, flipping, out of state investing, etc.) can easily bankrupt a beginner when they're executed poorly.Now, having said all that, house hacking is not necessarily easy (if it were, everyone would do it!)...

No one ever asked or advised me on this and it almost made me bankrupt.

My concern was if we didn't get there in time or there were complications, it could end up costing a fortune.A lot of people are tempted to go without insurance, but it can bankrupt you.

Ended up in the military, worked my *** off, borrowed money to go to college, got a job where I could make more money, saved that money, almost went bankrupt building, recovered, and eventually started buying cheap houses for cash which I then fixed up nicely and rented out.

It's the kind of nonsense that made Dave Ramsey a multi-millionaire, and then bankrupted him.

He was nearly bankrupt by the end of the game.It took me back to my childhood and my many games of Monopoly.

If a NNN Property goes dark (tenant moves out) or bankrupt, are you ready to search for a new tenant, negotiate a new lease, negotiate with tenants and lenders, pay lawyers, manage leasing agents, higher contractors to renovate, etc.

Prodigy was a crowd funded site, went bankrupt and lost millions of investor capitalhttps://inside.com/real-estate...

In2016, the bankrupt oil refinery was taken over and is being rebuilt and is about to start production.

Also, if she is going bankrupt, doesn't the house get sorted out with the bankruptcy court?