[rficcaglia]

Not necessarily- but it takes financial savvy and raising capital and a lot of hard work...sorta like building a tech startup. In fact, I had this conversation this week randomly with 2 different groups of former tech execs...they are leaving tech and applying their skills to engineering commercial and residential real estate portfolios...they have each been dabbling for the past few years but now growing disgruntled with tech (not for financial reasons, more quality of life stuff). They each started small ~$50K initially, and use debt and tax law efficiently. They look for underpriced areas across the US (without giving away any proprietary info, mostly Midwest).

The returns are consistently well north of 10%, and that includes deals pre-2008. Naturally that may be harder to do at scale.

But the point is you don’t need a time machine, you need skills, effort, discipline and focus.