This article was originally published on U.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management.
Owning real property is a goal for many investors. When done properly, investing in real estate can offer a number of benefits for individuals including the ability to diversify income streams and capture long term capital appreciation. However, there are a number of ways investors get it wrong when it comes to real estate and the costs can be quite significant.
As you consider whether investing in real property is right for you, keep these key considerations in mind.