Buying development-potential properties can be an enticing venture for Real Estate investors looking to diversify or generate a tidy sum of profit.
But is it the right move for you?
And do you properly understand the risks that could be involved?
I have built my own portfolio of roughly, $17,000,000 without a single development site, and in this episode I will explain the reasons that I have steered clear from developable Real Estate investing, the pitfalls to keep an eye out for, and what it would take for me to change my mind.
We are here to generate wealth for our families to live comfortable fulfilling lives and while there are many swim lanes to get to that goal, is development potential properties the best, or is buy and hold still the king of the investing game?
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Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.
