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Barbara Corcoran: For Long-Term Success, Buy Real Estate (Part 2)
Investors with a long time horizon should be buying real estate, and in particular, real estate in areas they are familiar with, according to Barbara Corcoran, real estate mogul and investor.
“If you’re in the game for a long-term investment, I feel that there’s no replacement to being wise, and knowing the real estate in your local area and buying a lot of real estate,” Corcoran told Kitco News on the sidelines of the “Three Sharks In A Castle” symposium.
The Shark Tank star added that losses in real estate investing happens when investors purchase in areas they’re not familiar with.
“I really have a belief that most people who have lost a lot of money in real estate go outside of their own backyard,” she said. (show less)
Investors with a long time horizon should be buying real estate, and in particular, real estate in areas they are familiar with, according to Barbara Corcoran, real estate mogul and investor.
“If you’re in the game for a long-term investment, I feel that there’s no replacement to being wise, and knowing the real estate in your local area and buying a lot of real estate,” Corcoran told Kitco News on the sidelines of the “Three Sharks In A Castle” symposium. ... (read more)
Daniela Cambone
Editor-in-Chief
Three Sharks In a Castle
Hosted by Shark Tank star Kevin O’Leary, the symposium at the newly renovated Casa Loma in Toronto, featured fellow Shark Tank investors, Mark Cuban and Barbara Corcoran as keynote guests. This is the first time the three have shared the stage in Canada.
Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
