You ve likely heard the saying, don t put all your eggs in one basket. That s the basic premise behind diversifying which is applicable to all types of investments, including real estate.
By diversifying, you re better protected and have a better chance of growing your wealth. When looking at your real estate investments, be sure to mix things up in the following ways:
" Type: Residential, retail space, land, industrial, office space, etc.
" Strategy & Hold Times: Look at monthly cash flow and long-term properties
" Location: Explore different neighborhoods, regions, and even states
" Overall Risk: Don t overcommit to investments that are highly speculative
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