Posted at 12:17h
“The type of real estate investment that appeals to you,” expert advisor Craig Feigin tells us, “depends on the type of person you are.”
Fortunately, real estate is a broad investment field with a wealth of opportunities for every personality type.
Let’s look at a pair of opposite types, active / passive and quick turn / long haul.
The active type wants to be very hands-on with his investments, and feels good when he is putting plenty of energy and even “sweat equity” into them.
Many types of investments don’t allow for that kind of get-up-and-go. You can buy and sell stocks, but what else can you do with them? Not much.
But many starter-investors have bought a small rental property, maybe just two or four units, that needed work, and turned that into a profit generator but acting as owner-manager-restorer-maintenance guy-you name it.
This becomes a kind of (very serious) hobby, and you get out...