Real estate investment involves various types of risks that investors should be aware of. Here are some key risks associated with real estate investments:

1. General Market Risk: Market fluctuations tied to the economy, interest rates, and inflation impact real estate investments[1][1].
2. Asset-Level Risk: Different types of properties like apartments, offices, and hotels carry varying levels of risk based on demand and market conditions[1][1].
3. Idiosyncratic Risk: Specific to individual real estate assets, such as construction, location, and entitlement risks, affecting returns[1][1].
4. Liquidity Risk: The ease of exiting an investment varies based on market depth and location, influencing the ability to sell quickly[2][2].
5. Credit Risk: Stability of rental income drives property value; even creditworthy tenants can face financial difficulties impacting returns[2][2].
6. Replacement Cost Risk: New construction affecting lease rates in older properties can make investments obsolete, impacting returns[2][2].
7. Vacancies: Extended vacancies can lead to financial strain if rental income is not received; research on vacancy rates is crucial for mitigation[2][2].
8. Damage to Property: Risks like natural disasters, fire, tenant damage, or vandalism can affect property profitability; insurance is essential for protection[2][2].
9. Debt Gearing: Managing debt levels is crucial to reduce risks associated with borrowing amounts and property values[2][2].
10. Overcapitalization: Investing too much in a property beyond its market value can lead to financial losses[3][3].

To mitigate these risks, investors should diversify their portfolios across locations and property types, conduct thorough inspections before purchasing, maintain properties regularly, and manage debt levels wisely to ensure financial stability in real estate investments.

The RIsK of not doing anything is the greatest Risk that you can take