The prospect of real estate investing has an alluring pull for clients, but advisors caution that those romantic notions can obscure some of the pitfalls that arise when purchasing investment property.
“For all the millionaires and billionaires real estate has created over the years, there are also a lot of lost fortunes because of real estate,” said Doug Cohen, managing director of portfolio management at Athena Capital Advisors in Lincoln, Massachusetts. “You really need to understand how to enter and exit real estate.”
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access