People say that owning real estate is a secure way to be rich, but it’s not. It’s a horrible job with low return on capital.
According to Cardi B, one of the most commercially successful female rappers of her generation, owning real estate sucks.
During a recent Instagram Live, Cardi B spoke about the “stress” that she is dealing with thanks to some of their tenants falling behind on their rent.
“We have tenants that haven’t even paid fucking rent for like 9 months!” Cardi B vented. “9 months! And sometimes, we be so busy and our house managers, they’ll be so busy that we like, ‘You know what? Don’t even fucking take them to court because we just be so fucking tired.’ Like, we don’t even have time for that because we be doing so much shit.”
She continued: “People be like, ‘Oh, get property, get property, get property.’ Please, babe. Oh! Let’s not even talk about the Dominican Republic Airbnb that this n-gga bought me. Always something! Please! I don’t want properties as a gift.”
This is just a cautionary tale. Real Estate is not an investment, it’s a job and if you don’t have time to do the work, it’s very likely that your investment will fail.
If you would like to earn more and work zero, investing in index ETFs might be a better alternative.