Is real estate viable right now?

Seeking Advice
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I have roughly $60,000 in a brokerage and I’m going to be thirty years old soon. I think I’m finally at the point where I have enough money to use side gigs or other sources of income in addition to my regular employment. Although I have primarily invested in index funds, I was considering real estate.

And now for the big issue, which is presumably asked daily: is real estate still profitable at this point? Rates and costs are both “high” in comparison to the previous 20 years. Using napkin math, I was able to determine that most establishments are only barely breaking even, not really cash flowing, because of their high rates AND prices. Could someone please provide some context?

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My cousins include two painter cousins, three general contractors cousins, and two tile and bathroom skilled cousins. Regardless of school level, anyone willing to put in a lot of effort can find well-paying employment in construction. Because of this, many Mexicans are drawn to it. It’s also simple for a business owner to hire a big staff and pay with cash, even though things look different on paper…

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Generally speaking, no. Put your money elsewhere. As a true RE guy, it pains me to say this, but with that amount of capital right now, it’s probably not a good idea.

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