POV - Why do you believe in real estate investing?

[Logan Ryan]

Please share your "Why?"

Here's mine: Personally, I believe in real estate investing  because I don't believe in job security.

This has been my experience...I have worked since I was 15 years old, mostly for small businesses and I have had paychecks bounce and have shown up to the office to find the electric bill wasn't paid and the lights and phone systems were down, to name a few. I dedicated over 20 years to these businesses and learned that I cannot rely on a paycheck.

Real estate had been my "side gig" for many years, as an agent. I've been fortunate to work with investors and have learned a lot from helping them over the years. I've studied the market and seen many shifts and changes over the last 18 years. I've also seen my clients investments grow and many times thought, I wish I'd bought an investment property for myself, then...then...then...

I see owning property as a more secure source of income in the long run.

So, Why do you believe in real estate investing?

[Abel Curiel]

Great post, @Logan Ryan!

I totally agree with you regarding relying on someone else for a check.

My reason for believing in REI is seeing it work for my family since the 80'-90's.

My grandparents, parents, aunts and uncles came to the US in the 70's with little-no english and little $.

My grandfather was a househack investor. He owned a MFR in Queens near Shea Stadium (Now, CitiField) and had 0% vacancy for about a decade by renting to family and friends of family.

My dad later did the same by investing in his own MFR househack in 1996. Put a ton of work into it, then sold it to finance his next property AND set him and my mom up for retirement.

Not knowing what I was doing (but just following the trend), I househacked my first property in 2010. Tons of headaches, lessons and tenant issues but it has been totally worth it! The property has appreciated over 40% and rents have almost doubled.

Even if you don't speak the language & don't know what you're doing (NOT recommended), you can benefit from RE investing!