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Updated almost 8 years ago on . Most recent reply
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How much do you love real estate
I get it BPers love making money in real estate. but besides making money, how much do you like the business? I have been investing since 2001 and went through the roller coaster of 2008 crash, made money, lost money and came out OK. over the years, I had two evictions sued by tenant once and tenant lost in small claims court. I love the mailbox money. but I hate it when tenant having problems. hate it when tenant gives notice and have to go through renting the unit. after being through the last crash, I have to make sure I am prepared for the next down turn which means watch the cash flow, the reserve closely and pay more attention to the macro economic climate.
I don't regret the journey I took 16 years ago and I will do it again if asked. but the end goal of all this is achieve financial freedom, not for the love of real estate. I have seen people claim to be passionate about real estate. I guess I will never be that kind of person.