It's Better To Be Lucky Than Good In Real Estate | Ep. 572

Multifamily Investing Made Simple

Which is better? To be lucky in real estate investing? Or to be good at real estate investing?
Maybe both?
We have heard about Anthony's first real estate investment, the house-hacking triplex. It appreciated about $125,000 in just 9 months.
He's a genius real estate investor, right?
Well, I asked him... did you just get lucky? What if the furnace kicked? Or the roof caved in? Did you have the reserves to fix any major projects?
While he did have some reserves ready to go, he also got lucky. The neighborhood was appreciating, and therefore his property was growing in value. So...
When it comes to real estate investing, especially in your first few deals... how much luck is involved?
What can you do to mitigate your risks so you're not relying on all of that good luck?

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