Real estate is almost entirely about demographics, learning the target audience/area will let you understand the situation and risks better.
Honestly no different than startups IMO. If we build a product that there is no client for it doesn't matter how cool it is or how much money we raised or spent. If you build (or buy) a property that is wrong for the area, selling, renting or doing anything with it will become nearly impossible.
Real estate is almost entirely about demographics, learning the target audience/area will let you understand the situation and risks better.
Honestly no different than startups IMO. If we build a product that there is no client for it doesn't matter how cool it is or how much money we raised or spent. If you build (or buy) a property that is wrong for the area, selling, renting or doing anything with it will become nearly impossible.