Why do YOU invest in real estate?

General Real Estate Investing
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Why do YOU invest in real estate?

Frank Eimiller
Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes

Aside from the "I want to be my own boss," or "I want financial freedom" etc, etc... Why do YOU invest in real estate? 

Is it because you want to be like Brandon Turner and leave life for a few days to attend a football game across the country? 

Are you someone who just generally wants to improve your community and put the "slum lord" title to rest? 

Are there some other reasons? 

I'm a very new "investor" and currently analyzing my first deals (looking to house-hack a duplex with my  girlfriend after my apartment lease is up.) I'm doing it for the cliche' reasons that I stated at the very top, but mostly because i'm very business minded and have been since I was very little, and real estate has been something  that has stolen my life (Because it's all i can think, read, and talk about!!) and just seems like my ideal outlet for those business thoughts, ideas, and energy. 

Thanks for reading, post below if you would like to share YOUR reasons for investing in real estate. 

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Joe VilleneuvePro Member
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
10y

It's the only investment vehicle I know of that I can quickly build a self sustaining, self sufficiant, large money stream...unlimited in growth, and spend noneof my money.

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  • Joe VilleneuvePro Member
    Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
    10y

    It's the only investment vehicle I know of that I can quickly build a self sustaining, self sufficiant, large money stream...unlimited in growth, and spend noneof my money.

    6Reply
  • JD MartinBusiness Member
    Moderator
    Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
    10y

    What @Joe Villeneuve said. With the addition that it allows a hands-on guy like me to fiddle around with the investment to have it be even more productive!

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    2Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y

    Awesome. You're both right.. I love the aspect too of physically being able to go and look or work on (In) your investments

    0Reply
  • Joe VilleneuvePro Member
    Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
    10y
    Originally posted by @JD Martin:

    What @Joe Villeneuve said. With the addition that it allows a hands-on guy like me to fiddle around with the investment to have it be even more productive!

    I don't fiddlethough. If I fiddle, as in doing my own rehab, I leave way too much money on the table......wayyyyyyyy. too much.  The unlimited part of my answer is in part based on me NOT doing any rehab...and that's not because I can't...it's because I can only do one projectat a time.  My timeis much better spent managing those that are doing the unlimted number of properties I can have going on at the same time.  

    1Reply
  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    10y

    @Frank Eimiller like Brandon Turner ;)

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    1Reply
  • Simon Shih
    Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
    10y

    I want to be able to be home instead of being on the road 9-10 months of the year. I want to spend my time with my wife and family instead of being stuck on a boat in the middle of the ocean with a bunch of people I barely know. That's what motivates me.

    2Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Brandon Turner:

    @Frank Eimiller like Brandon Turner ;)

    I'll be thinking of your Social Media post (forgot what platform it was on- of you saying that you bought playoff tickets and are leaving for a football game across the country) when I close my first deal this year. That's the kind of freedom we're after.. the freedom of options. Thanks for commenting!

    1Reply
  • Nicole A.Pro Member
    Rental Property Investor · Baltimore County Maryland and Tampa Florida · Member since 2013 · 2k+ posts · 2k+ votes
    10y

    I do it because real estate has always interested me, and it's a great way for me to create a future stream of income that I intend to help me retire from the 9-5 early. Also, there is no way that I am going to rely on just my 401k (and I guess SS) to fund me through retirement years....plus I can't draw from those until a certain age. Need something to fund me at whatever age *I'm* ready!

    1Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Nicole A.:

    I do it because real estate has always interested me, and it's a great way for me to create a future stream of income that I intend to help me retire from the 9-5 early. Also, there is no way that I am going to rely on just my 401k (and I guess SS) to fund me through retirement years....plus I can't draw from those until a certain age. Need something to fund me at whatever age *I'm* ready!

     Looks like we're all on the same page! Thanks for commenting 

    1Reply
  • Jeremiah B.
    Investor · Portland, OR · Member since 2012 · 266 posts · 128 votes
    10y

    Financial Freedom is the most obvious and vital,  but if I'm being completely honest, the second reason is status. 

    I work in corporate America.   And I'm in my mid 30s and make a good, five digit income.  Seeing the shock, and even envy of a 50 something who is making 350k a year when they learn I have six rentals is pretty dang motivating to me.

    2Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Jeremiah B.:

    Financial Freedom is the most obvious and vital,  but if I'm being completely honest, the second reason is status. 

    I work in corporate America.   And I'm in my mid 30s and make a good, five digit income.  Seeing the shock, and even envy of a 50 something who is making 350k a year when they learn I have six rentals is pretty dang motivating to me.

    That's a big part of it to, definitely. Here in Wisconsin.. my "friend's" I went to High School with are working their tail's off to buy big trucks and to jack them up to impress other people.. if you're really trying to impress someone, isn't a 10 home real estate portfolio (that will also secure your retirement) more impressive? (I mean, if you're goal actually IS to impress others..) The status part of it like you said is great, and the credibility you get from being SMART enough (w/the help of BP :)) to manage property goes a long way as well! Thanks for commenting man, we all appreciate the input! 

    0Reply
  • Aj Bowman
    Damascus, MD · Member since 2016 · 74 posts · 7 votes
    10y
    I am really new but for me it's time freedom if that makes sense. Having the time to do the things I really love to do in life like spending time with family and play sports. Having the ability go anywhere and still work and have that steady cash flow. Now my goal is to have that financial freedom as well but I don't make that much money now and I'm happy so making a bunch of money in the future is not going to make me any happier. Also I love a challenge. Trying to figure out where I am going to get my next house from or how can I fix it up and sell for a maximum profit. That sense of accomplishment in the end is great as well.
    0Reply
  • Ryan Billingsley
    Investor/Realtor · Wentzville, MO · Member since 2014 · 846 posts · 431 votes
    10y

    @Frank Eimiller I do it to build passive income so I can soon focus on giving back, helping others, and making a difference.  

    I would LOVE to renovate a home and raffle it off for free to a family in need.  

    1Reply
  • Mayank S.
    Investor · Herndon, VA · Member since 2015 · 185 posts · 74 votes
    10y

    Like many, my motivation is to create passive income streams and get financial freedom while I am young. Not being dependent on anyone to control my life, be my own boss of my time and retire early . Real estate is what I love to do and great vehicle to create wealth over long period of time. So my mode to achieve my purpose aligns well with real estate.

    1Reply
  • Franklin Romine
    Visalia-Fresno, CA · Member since 2009 · 1k+ posts · 863 votes
    10y

    Real estate is everywhere.  Owning real estate makes you interesting.


    Franklin

    1Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Ryan Billingsley:

    @Frank Eimiller I do it to build passive income so I can soon focus on giving back, helping others, and making a difference.  

    I would LOVE to renovate a home and raffle it off for free to a family in need.  

     That's awesome. Those are the kind of different answers I was expecting to hear haha

    1Reply
  • Andy Robison
    Investor · Kansas City, MO · Member since 2013 · 465 posts · 170 votes
    10y

    Because beer and hot pockets are expensive. :D 

    Seriously though just to be able to spend months traveling the world at a time.

    0Reply
  • Rex King
    Investor · Saint Paul, MN · Member since 2014 · 48 posts · 39 votes
    10y

    I have always left and learned from Robert Kiyosaki that my odds of attaining my goals are much better through RE than anything else. I was 18 when I read that book and decided I would be in RE for a long time.

    I think that fact that I have something tangible has always helped me and I understand that if rent is X and the bills are Y I get to make Z and at the end I have an asset worth a lot of money.

    0Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Andy Robison:

    Because beer and hot pockets are expensive. :D 

    Seriously though just to be able to spend months traveling the world at a time

    Perhaps you can accept rent in the form of Pepperoni Hot Pockets and cases of Bud Light? 

    0Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Rex King:

    I have always left and learned from Robert Kiyosaki that my odds of attaining my goals are much better through RE than anything else. I was 18 when I read that book and decided I would be in RE for a long time.

    I think that fact that I have something tangible has always helped me and I understand that if rent is X and the bills are Y I get to make Z and at the end I have an asset worth a lot of money.

     Definitely! Thanks for adding to the discussion 

    0Reply
  • Andy Robison
    Investor · Kansas City, MO · Member since 2013 · 465 posts · 170 votes
    10y
    Originally posted by @Frank Eimiller:
    Originally posted by @Andy Robison:

    Because beer and hot pockets are expensive. :D 

    Seriously though just to be able to spend months traveling the world at a time

    Perhaps you can accept rent in the form of Pepperoni Hot Pockets and cases of Bud Light? 

     I've always told my friends if they get rich all they need to do is hire me and I'll do whatever they want. Just pay me in hot pockets, high speed internet, and beer. ;)

    1Reply
  • Justin Spaulding
    Real Estate Investor · Milton, WI · Member since 2015 · 52 posts · 14 votes
    10y

    To provide a great home, to build my own empire, to build wealth and leave a legacy. On the rise. Plus, its fun!

    0Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Justin Spaulding:

    To provide a great home, to build my own empire, to build wealth and leave a legacy. On the rise. Plus, its fun!

     That's a good way to look at it, and it probably wouldn't be difficult to own the entire city of Milton haha. You're not too far from me, awesome! 

    1Reply
  • Justin Spaulding
    Real Estate Investor · Milton, WI · Member since 2015 · 52 posts · 14 votes
    10y
    Originally posted by @Frank Eimiller:
    Originally posted by @Justin Spaulding:

    To provide a great home, to build my own empire, to build wealth and leave a legacy. On the rise. Plus, its fun!

     That's a good way to look at it, and it probably wouldn't be difficult to own the entire city of Milton haha. You're not too far from me, awesome! 

     My 2 four units are in the neighboring town. Haven't pursued anything too hard in Milton - haha but yes, not too many units there! Looking in Madison area curently.

    0Reply
  • Frank Eimiller
    OP
    Rental Property Investor · Fond Du Lac, WI · Member since 2015 · 261 posts · 78 votes
    10y
    Originally posted by @Justin Spaulding:
    Originally posted by @Frank Eimiller:
    Originally posted by @Justin Spaulding:

    To provide a great home, to build my own empire, to build wealth and leave a legacy. On the rise. Plus, its fun!

     That's a good way to look at it, and it probably wouldn't be difficult to own the entire city of Milton haha. You're not too far from me, awesome! 

     My 2 four units are in the neighboring town. Haven't pursued anything too hard in Milton - haha but yes, not too many units there! Looking in Madison area currently.

     That's awesome! I love Maidson so dang much. I'm really into the Sun Prairie area and might actually end up moving there

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