The Psychology Behind Real Estate Investing Risks: Do you have what it takes?
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Real estate is filled with wins and losses. It is not a guaranteed profit game.
Before you make your first investment, consider if you are ready to risk facing something like a subprime mortgage crisis. Could you handle the pressure of a collapse of the housing market, or would it mark the end of your real estate investment journey?
Although real estate can be intimidating for beginners, you can start your journey with a few easy methods.
Do your homework before you invest in real estate property, but don't get overcome with analysis paralysis.
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John T. Reed, a real estate investor, looked into the accuracy of Kiyosaki's best-selling book and found it inaccurate:
According to John T. Reed the famous book is filled with bad advice:
Many critics pointed out that Kiyosaki is selling a cult, not financial advice.
He is accused of tapping into the fantasies of the masses & being short on specifics, both attributes of religious cults.