00:03potential profit in real estate is certainly tempting when considering house flipping house
00:09hacking or managing short-term vacation rentals but these real estate investments can also put
00:15a dent in your dividends nerd wallet reports these rental property ventures can involve
00:20significant upfront costs time commitment legal liabilities and ethical dilemmas don't commit
00:27beyond your capability whether you are approaching your real estate head on yourself or hiring someone
00:32else to manage your properties know the money and time you can commit and your desired market the
00:39site also recommends you make sure you can weather a financial storm be prepared for a property
00:44downswing your property may end up vacant for a while or emergency maintenance or situations
00:50according to real estate investor nancy neiman if you need full occupancy and full rent to break even
00:56with no flexibility then your mortgage isn't sustainable
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