What Are the Common Challenges in Real Estate Entrepreneurship?
Despite its attractiveness, real estate entrepreneurship comes with its own set of challenges:
1. Capital Intensive: Real estate projects often require significant upfront capital. 2. Market Volatility: Property values can fluctuate due to economic conditions, affecting your ROI. 3. Regulatory Hurdles: Navigating through zoning laws, building codes, and other regulations can be complex. 4. Maintenance and Management: Ongoing property maintenance and tenant management can be time-consuming and costly.