Answer: Although the young Ray began to lose his sight at the age of five, not long after witnessing his brother's drowning, his eventual blindness by the age of seven was medical, not traumatic.
Real estate investing. Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit.[1] Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments, it is also capital intensive (although capital may be gained through mortgage leverage) and is highly cash flow dependent.
The moneys contributed can be used as an equity investment to a real estate project in addition to a commercial loan secured by a mortgage or trust deed to fund the bulk of the cost and development of the project. Investing in a real estate syndicate is essentially investing in a commercial real estate venture. Common examples would be the purchase of land to develop a residential apartment complex or an industrial park for small scale manufacturing of items.