Why are some opposed to REI even when it makes sense.

Why are some opposed to REI even when it makes sense.

Las Vegas, NV · Member since 2018 · 9 posts · 3 votes

Why are some people opposed to REI? I been reading some books and listening to podcasts on how to use other people's money for downs etc. I have not got to the point where that is my only option, but it seems that it is not an easy task. I would love to hear on ways you guy's approach this to others that are just not a fan of investing or too hard headed. I have friends that invest in the stock market and math whizzes. You can put a deal right in front of them and they still think it's going to fail or think getting rentals is headaches. I spoke with a fellow employee about investing and using this to build wealth and be financially free from W2 one day. He said, "just face it, we will work our whole lives Mike." Why the negativity? I know this isn't easy, but is anything worth it easy? Are we just a small group of people that get it and the rest are blind? Would love to hear your thoughts.

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  • Rockaway, NJ · Member since 2016 · 2k+ posts · 2k+ votes
    8y

    Its work. Plain and simple. I can sit at a computer and invest in the stock market, but Real Estate requires leaving the house and hunting down deals, then putting in physical labor when the deal comes through. If you are landlording, you are now managing tenants or a property manager every month fielding headache phone calls. Then, its also relatively illiquid. If I need cash I can sell stock and transfer it. Selling houses takes 1-3 months.

    no investment is without its downsides, and many are simply not interested.

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