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Investing in Real Estate and Portfolio Diversification
Anonymous: I have a question about real estate and portfolio diversification. In early 2021, we purchased a short-term rental property in a mature tourist market centered around Hockey Hill State Park,. The number of tourists has also been consistently increasing year over year; that trend seems to be continuing. My main question is whether this is too much concentration for our portfolio, being in one market. Modern Buffett advocates for concentration in stock investing when there is professionalism and confidence. Why not with real estate?
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