Know the neighborhood
Inheriting a large sum of money can be a blessing or a curse, depending on how you use it. For this person’s cousin, it was definitely the latter. Still, investing in real estate is not as simple as it might seem.
In fact, according to a study by Forbes, 60% of real estate investors fail to make a profit. And the location is not the only factor to consider; the condition of the property and the real state market in the area are also important factors!