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Real Estate = "Get Rich Slow" Business
I was reading a book from a popular commercial real estate investor this evening and he made the bold claim that real estate is a "get rich slow" business. One of the most successful investors I know in Austin uses this exact same phrase quite a bit.
Overall is this something you agree with? I think the overall point is that rehab or value-add deals are good for short-term gains, but that the real money is made over the long haul owning property.
Agree? Disagree? Opinions?
Glad you found it helpful Jon. It is interesting to see my comments from 2 years ago and how my perspective has changed with the recent spate of short-term development projects.
Originally posted by @Bryan Hancock:
I was reading a book from a popular commercial real estate investor this evening and he made the bold claim that real estate is a "get rich slow" business. One of the most successful investors I know in Austin uses this exact same phrase quite a bit.
Overall is this something you agree with? I think the overall point is that rehab or value-add deals are good for short-term gains, but that the real money is made over the long haul owning property.
Agree? Disagree? Opinions?
I've said this for years. You're definitely right, real estate is a get rich slow scheme for sure!