As a real estate investor, you're ultimately accountable to you and your checkbook. Of course, you will need to stay on top of your local coding regulations and ordinances. But once you get the hang of it, you really shouldn't have any problems with ordinances.

Real estate investing is unique in that it's almost as much a career or a way of life as it is a form of investing. Indeed, the fact that real estate is involves so much sweat equity makes it unique among other investments.

The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.

I weirdly love interior design and real estate and all of that. I really do. I get chills from it.

To my real estate agent, Chernobyl is a fixer-upper.

The problem with real estate is that it's local. You have to understand the local market.