This book provides a powerful counter narrative to the deceptively simple adage that real estate is always profitable. “JL Collins has done it again! First he showed us The Simple Path to Wealth, now he demonstrates the complicated path to losing it. Brad Barrett, Co-host and co-founder of the ChooseFI Podcast, In this book, JL Collins lays out in gory detail all the mistakes he made investing in real estate so you can see the pitfalls to avoid before they happen to you! The amount of wisdom available in this short book is almost hard to believe. We would all do well to internalize Collins’ invaluable life lessons!” “Real estate seems like the glitzy, can’t-miss ‘American Dream’ because you only ever hear from the winners. If you think that buying real estate is always a ‘no-brainer’ decision, this book will teach you to think again.” In this book, JL tells a cautionary tale about his personal experience with the real estate market. “JL Collins is a masterful writer, storyteller, and financial educator. Kyle Landis-Marinello, Author of Personal Finance and Investing,
And, like The Simple Path to Wealth, you don’t even notice you’re learning because the book is so much fun to read.” “This long-awaited follow-up to The Simple Path to Wealth drops wisdom and knowledge bombs left and right. Be prepared for a serious time commitment of self-study prior to investing in real estate. “JL Collins’ entertaining, quick, but powerful read is an important reminder that real estate investing can produce crippling losses which can multiply when naïveté and poor market conditions combine. Vicki Cook, Co-author of Estate Planning 101, People don’t share their losses like they do their wins! JL Collins is one of the brave ones who does.” “Thinking of buying a new house or investing in real estate? Take off your rose-colored glasses and read this tale of how quickly things can go wrong – costing you more money (and time!) than you could ever imagine. Malachi Ray Rempen, Filmmaker, cartoonist, game designer, and ruffian, keenbean.studio “In an age where the dangling promise of real estate has become an elaborate fairy tale, JL Collins is our Aesop with this delightful and sobering modern-day cautionary fable. Here’s what some of the leading voices in the Financial Independence community have to say about that: Will you have fun reading it? Maybe even find some value in this “cautionary tale?”