Real Estate is in a bubble and as much of a scam as everything else. Your age, with two older acquaintances who made millions from RE. The environment is NOT the same as when they were doing it. Every garbage house gets picked up by "investors" now that either scam (pain rotting drywall and put a new heater in, bump price 40%) or lose money on it. Or it gets picked up by real investors that have crews that can gut it entirely cost effectively. It's the same for flipping cars - the profit margins are razor thin.
The only RE investing that still works is buy, rent, have retirement equity in 30 years, maybe. Occasionally put some money IN. Potentially lose a lot of money mid term and hold paper losses if RE bubble pops. And guess what? Maybe not even that with the current rates.
It's funny to see people acting like RE is some bastion of stability. Stock market is inflated atm too.
The only RE investing that still works is buy, rent, have retirement equity in 30 years, maybe. Occasionally put some money IN. Potentially lose a lot of money mid term and hold paper losses if RE bubble pops. And guess what? Maybe not even that with the current rates.
It's funny to see people acting like RE is some bastion of stability. Stock market is inflated atm too.