Take this with a grain of salt, but . . .
More than half of residential investors (52%) have lost $100,000 or more on a single real estate investment.
ST. LOUIS, July 23, 2024 /PRNewswire/ – Nearly all residential real estate investors (90%) have lost money on an investment, with nearly half (42%) reporting losing more money than they’ve made in real estate investing, according to new research from Clever Real Estate, a St. Louis-based real estate company.
Further, nearly half of investors (42%) have lost $200,000 or more on a single investment. Alarmingly, 45% admit a bad investment has almost ruined them financially, and 40% wish they never started investing in residential real estate in the first place.
A whopping 87% of residential rental investors have regrets about their investments. Common issues include dealing with bad tenants (51%) and severe property damage caused by tenants (52%). . . .
Additionally, 56% of respondents have had to evict a tenant at some point, and about 61% say they have to track down missed rent payments every month.
However, three-quarters (75%) say they are making at least as much as they did in 2023 . . .
