90% of Bigger Pockets will never take action on REI

[Terry Lao]

Today is Thanksgiving. Lots of time to talk shop, politics, or real estate investment with family and friends. I just spoke to acquaintance of in law, and he mentioned purchasing home within a year. I spoke to him about repairs and the need to get good at repairs or need to pay someone. The look on his face was glossed over. It's fine, its just small talk.

However, it got me thinking, I speak to a lot of people, family, friends, co-workers, and even people on BP. Only 10%, one of ten, people that I come into will ever take action and buy real estate as an investment. This percentage is also what Brandon of Bigger Pockets says.

Why is this? Of course real estate is just one investment tool, but historically it is the greatest wealth builder. Also, the current market conditions are good in terms of interest rate, economy, jobs, etc. I get the talk of peak cycle and future will be down turn. However, I think there is a still a good 2-3 years upturn, then can re-valuate again.

Terry

[Jay Hinrichs]

the easiest thing to get into and understand is the Vanilla transaction  IE buying rental property.. everyone can understand it and it is a VERY VERY simple concept.. buy a property rent it out.... end of mental math.

choosing wisely is important of course.

but basically there is so much more to real estate than owning a rental.. and much of it quite a bit more profitable than rentals as well.

Some people just don't want to be landlords... ergo you have people that invest in debt.. and COC debt is usually more profitable than rentals with quite a bit less hassle.

there is development deals for the more sophisticated.

there is flipping

there is new construction.

Timeshares.

Timber

mortgage industry

Guru / Trainer  

Mobilehome parks

Tiny homes  ( new thingee that is getting some speed)

Land business  recreational and path of progress

courthouse steps buying and reselling

Tax sales/  pre and post

on and on and on... so just because someone does not want to do the most simple transaction out there and the one that takes the least amount of thinking to understand the concept.. does not mean they won't do something else in and around real estate