How do you look at real estate investing?

How do you look at real estate investing?

Flipper/Rehabber · San Diego, CA · Member since 2017 · 10 posts · 2 votes

Hypothetical scenario:

You have a young person interested in real estate investing, has experience with rehabbing properties, and always saw themself investing in real estate "when they had a lot of money". They always saw it as something that you did once you were already well off. Eventually they learned that it doesn't actually take a ton of money to start after all, and there's so many ways to approach it. This is something that genuinely interests them. They're urged by family and friends to take the "smart route". Get a degree, get a good job, then invest later...but those degrees and desk jobs don't interest them. Starting a business, having some risk and excitement in life is what drives them. I guess you could say that entrepreneur point of view. 

For the investors that really went after it and accomplished big goals in real estate, what do you think? What would you tell this person? More importantly, if you could go back in time, would you have started sooner. 

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  • Joe VilleneuvePro Member
    Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
    6y

    Why do you ask?

  • Twana RasoulBusiness Member
    Real Estate Agent · San Diego, CA · Member since 2017 · 1k+ posts · 1k+ votes
    6y

    @Jonathon Martineau focus on starting and growing your entrepreneurial endeavors. Once you are doing well enough you can invest some profits in real estate for growing and sustaining long term growth. School is good for those that know exactly what they want to do in school or those that are lost, as having a degree can help one earn a higher W-2 which is nice to have to qualify for loans to purchase real estate.

    School is an investment in time and money and not always worth it. Starting a business and investing your time and money in that would be a great education in of itself. I’m saying this as someone who has investing lots of time and money in multiple degrees.

    Best of luck!

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