In general, agents spend time at the office, meet with clients, show homes, and negotiate on behalf of clients. Most agents have a long and varied list of daily duties and responsibilities that can change with little or no notice.

To achieve those goals, the three most important words in real estate are not Location, Location, Location, but Price, Condition, Availability.

Real estate investments tend to have high transactional costs, especially in legal and brokerage fees. The process of acquiring a new property is also very long and tedious with lots of legal formalities. Another disadvantage of property investments is that they are not easy to liquidate.

Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus interest, over time.