Hi
I was recently asked about having real estate to build wealth.....In Australia real estate investment is one strategy that is often used to create wealth. Mum's and dad's and even young people tend to like real estate because it is something that they are comfortable and familiar with.

Having gone through the process once or twice they feel comfortable with going again.

As with any investment there are risks and there are also serious potential gains. Over the next few weeks I will look at some of the issues that can help avoid some of the common traps in investing in real estate.

But should it be the only thing in my portfolio? Not really, would be the general concensus. Obviously everyone's circumstances are different so it is impossible to "GIVE ADVICE" in this forum but it is possible to talk in a general way and raise things that should be considered and that is what I will try to do.

I would also welcome your input and general questions.

One more thing for this post. Building wealth really requires a lot of serious thinking, planning and a number of strategies......this is where financial planners come in and although I am not one I do know some good ones or you can check them out through google searches and financial planning associations.