Using negative feedback from family as additional motivation

[Ryan Cameron]

I would like members to share some discouraging comments from friends and family regarding your decision to invest in Real Estate. My hope is the newer investors can use this post as motivation. I'll start it off with a few of my own:

My brother: Why would you want to own property? If you rent, you never have to worry about any upkeep or problems. Being a Landlord is too much work

My Response: And do you assume that your landlord is doing all of this because he likes you, or is it because there is money to be made?

My Wife: It's too much risk involved. What if you get a bad tenant? What if they wreck the place? What if nobody rents it at the price you want?

My Response: I think dedicating the next 20-years of my working career solely to a company and expecting them to take care of me in my retirement is far more risky.

I constantly have to remind them that we've had these same conversations over the past 10 years (And 3 cash-flowing Buy and holds to date!)