Is it smart to invest in real estate?

Is it smart to invest in real estate?

Los Angeles, CA · Member since 2024 · 1 post · 0 votes

So I live in CA and the laws and regulation here can be crazy. My worry with buying peoperty is that I dont truly own them. When I thnik of owning something it is something no one can take. On a broader scale, if anything is in my name then if you p*ss off the government or anything like that they can take seize any and all your property in your name. 

I very well understand that the majority of people can't imagine this, but for instance during Covid many people I knew disagreed with the forced vaccines and such but were too scared to stand up for themselves. One freind of mine at the time had peoperty he owned and it was in his name (for some reason not his company). He wasn't giving into the state and local governments mandate for employees to be forced to wear masks, get vaccines, etc and he started getting "threats" saying that he could be taken to court and have assets seized if he continues "breaking the emergency laws" during covid time.

That could be viewed as an extreme example, but things like this worry me as I have my own company and employees. America seems to getting more and more tyranical where you dont know what can go down each year.

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  • Preston DeanBusiness Member
    Realtor · Fort Worth, TX · Member since 2021 · 779 posts · 368 votes
    1y

    For the general question in your subject line "is it smart to invest in real estate" I would say yes. But with everything there are risks. I have about 75 BP investors who are from Cali wanting to buy in Texas because the laws and regulations are too much for them. 

    "Don't wait to buy real estate. Buy real estate and wait" - Will Rogers

    United Real Estate DFW Properties 565 Reviews
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