There is always money to be made in RE, don't rush in

[Jennifer Lee]

Hi BP

I don't know if you agree with me.
But so many post of ppl just wanting to jump right in skipping school.
Afraid they miss the bandwagon or something.
I understand we all wished we started younger.
And I agree we all must start somewhere.

But get your education, stay in school.
you think college can't teach you about real estate?

Look around you, 80% of your classmates are tenants.
You probably signed your first lease,
Wrote your first security deposit check.
Fought with your landlord, or most likely got yelled at by them.

But I digress

If you are on school take a finance, accounting, marketing. Management and entrepreneur classes!

You dont need to be a business major, but it will help you.

Get an engineering degree , law degree. All that will reduce your costs bc u are an expert in the area.

------

I grew up around real estate, lived breathe it. But on the investment side tagging along with my mom.

I became a starving agent for a yr only to earn $100 of rental commission.

Got married, and moved to US, my mom bought us our first home.
Never been to the country, let alone the town. Over a wknd!!!!

Got the best deal hands down in entire bldg(condo)
Dog poop galore ;)
This unit bought me 2 other RE property. Its cash flow is insane, even with 100k assessment. Now we got new bldg. 12 year later.

Rental put me and my 2 sisters into college

Be patient. Get yourself ready. Education, financial, resources and ppl

There is always money to be made in real estate when you BUY RIGHT.

Remember real estate is local!

You have to understand your market.

Interest goes up and down, politics changes, bubble come and go.

But
Ppl will always need a roof over their head.

Ppl will always be getting married and have kids

Their kids will need housing in college, grad school. Residency etc.

Ppl will always get new job, relocation, transfers

And sadly
ppl will be over their heads with debt.
Ppl will be forced to down size
Ppl will be put to homes or die.

And on the other side is commercial.
We are a consumer nation and hopeful entrepreneurs looking for the American dream.

So stay in school, do your due diligence.
find your allies.

And good luck with Real estate investing.
You got to make RE work for you, not you for it.
Remember: Positive cash flow, investment.....not more debt ;)

[Ben Leybovich]

I am a classically trained violinist at a top-5 conservatory in states. Columbus symphony has cut pay 4 time in 10 years. Minnesota musicians have been locked out for 6 months. Seattle symphony is getting ready to strike – again! The economics are not there for the arts.

The 501 c 3 non-profit art sector was lobbied for and instituted by the likes of Rockefeller, Carnegie, and Mellon. They had the money to live like the nobility of Europe, but they didn’t want to pay pre-tax for it. Thus was born the nonprofit sector in the arts. Guess what – these guys are dead! People want a $300 pair of shoes but are not willing to spend $50 to listen to Beethoven. The question is not whether we want to be that kind of society – we are that society unfortunately. We’ve been trying to change this trend for years, but the society at large has decided that shoes, clothes, big-screen tv, big house, and a $4 dollar cup of coffee every morning is more important…Sad, but true