Everyone wants to get rich quick, but no one likes the risks involved in chasing that elusive fortune. If you want to learn how to get rich, you’ll receive conflicting advice and run into a dizzying array of investment opportunities. And low returns aren’t the only danger. If you choose a bad method for making money, you could end up losing a big chunk instead of gaining one.
Last updated: Feb. 25, 2020
Inexperienced rehabbers often drool at the prospect of a cheaply priced house, thinking it will bring them riches as a rental. They ignore the fact that there’s a reason for the price. Brian Davis, the co-founder of SparkRental, learned this the hard way.
“My particular mistake was investing in super low-end properties, chasing super high returns,” he said. “In rental investing, bad neighborhoods look great on paper, because the typical numbers that investors use to … Read More