Johann Points Out Her Friends Buy Real Estate Abroad, and 3 out of 4 Lose Money
Experience in business does not translate to experienced in real estate. Many investors loose money on real estate deals in the U.S. also. Houses are not hotels, hotels are not apartments, apartments are not strip malls, strip malls are not mobile home parks.... Real estate is made up of multiple businesses, None are the same as dentist, liquor store, lawyer, car dealership... armatures in every business loose money because they think they are smart enough, or good in one category makes them experts in any other - Not True. Delusional people loose money every day in every way. Bad real estate deals are bad, but that doesn't mean all are bad. I don't know why so many people think they are experts in real estate, there is no logic to it.