99% success rate in real estate? I've lost money on real estate several times. I avoid it now. Most people seem to think that if they bought a house for $100,000, and sold it for $200,000, they made a $100,000 profit.
Nope.
There's:
1. property tax
2. insurance
3. maintenance
4. upgrades
5. dealing with the lawn
6. 6% commission taken by the real estate agent
7. inflation
8. all the time spent dealing with it
9. mortgage interest
10. the costs from having it sit empty on the market waiting for a buyer
11. and the most neglected cost, the time value of money
Nope.
There's:
1. property tax
2. insurance
3. maintenance
4. upgrades
5. dealing with the lawn
6. 6% commission taken by the real estate agent
7. inflation
8. all the time spent dealing with it
9. mortgage interest
10. the costs from having it sit empty on the market waiting for a buyer
11. and the most neglected cost, the time value of money