Drunken Money

Chip Ridge, President of Millennial Title, teaches us the ins and outs of investment real estate. Some questions answered in this episode (as always, any views expressed in this episode are personal opinions - do your research and consult a professional before investing in real estate): What is title insurance? Why did you start Millennial Title? What are the different objectives you can achieve with investment real estate (cash flow vs. asset accumulation)? Why should somebody invest in real estate? What are some of the major factors to consider before investing in real estate? Would you rather invest in a commercial, single-family, or multi-family property? What mistakes has Chip made while investing in real estate? What is the expected time-frame you should expect to hold an investment property? Is it hard to find a good real estate deal right now? How long does it take to find a good deal? Does the current market remind you of the 2007 bubble? What is the most important factor in making money in real est