Two things are happening in the real estate market as we approach Q4 2022: a recession has set in, and the housing market is correcting itself due to rising interest rates.

Whether you’re investing in stock, real estate, or any other asset, there are strict standards you must follow to achieve your financial goals. It’s not about getting lucky or being in the right place at the right time. These things can happen (and help!), but your investment success depends far more on following the right roadmap.

If you’re looking to invest in today’s housing market, you might be in for a rude awakening. It’s not that investing in real estate is any less feasible or capable of generating long-term wealth. It’s more that building the right portfolio for the right price is more challenging than ever thanks to the combination of an inventory shortage, increasing property costs, and tough lending standards.

Starting a small business is hard. Going in blind is even harder. While you may have a stellar idea, there are a few questions you’ll want to answer before you take out that loan, sign that lease, or order those prototypes. Set yourself up for long-term success by doing your due diligence.