At 25, she owned 5 rental properties, but says investing in real estate was her No. 1 money mistake: 'I was really naive'
Real Estate
When Naseema McElroy was 25, she owned five rental properties. It was how she thought she was going to build her wealth. By taking advantage of subprime lending practices that allowed borrowers with weak credit histories to easily obtain high-interest mortgages in the early 2000s, McElroy figured she would borrow as much as she could to purchase multiple properties and it would all work out in the end, she tells CNBC Make It. Then about a year later, in 2008, the housing market crashed. "I was
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