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Updated over 10 years ago on . Most recent reply

Bryan Hancock's profile image
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Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
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Bryan Hancock's profile image
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Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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General Real Estate Investing

Real Estate = "Get Rich Slow" Business

Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Posted

I was reading a book from a popular commercial real estate investor this evening and he made the bold claim that real estate is a "get rich slow" business. One of the most successful investors I know in Austin uses this exact same phrase quite a bit.

Overall is this something you agree with? I think the overall point is that rehab or value-add deals are good for short-term gains, but that the real money is made over the long haul owning property.

Agree? Disagree? Opinions?

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Andrew Jones's profile image
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Andrew Jones
  • Investor
  • from Los Angeles, California
  • Member since Dec 5, 2011
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Andrew Jones's profile image
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Andrew Jones
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  • from Los Angeles, California
  • Member since Dec 5, 2011
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Andrew Jones
  • Investor
  • Los Angeles, CA
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Andrew Jones
  • Investor
  • Los Angeles, CA
Replied

I would have to agree with the "get rich slow" especially with my businness model of buying 1 or 2 rentals a year. Although, I rather get rich slow than never get rich.

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