Real Estate Investing Risks

For Derrik Dyka, the biggest obstacle to successful real estate investing isn't a meltdown in property values or tenants who wreck an apartment or don't pay their rent.

"It's overconfidence," says Dyka, a 34-year-old Minneapolis investor who turns old apartments into new condominiums. If you're expecting to cash in on the 21st century's first gold rush without breaking a sweat, it would be wise to take Dyka's words to heart. The margin of error for making money in real estate is closing fast.

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