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Real Estate = "Get Rich Slow" Business
#4 Off Topic Contributor
- Investor
- Round Rock, TX
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?
#4 Off Topic Contributor
- Investor
- Round Rock, TX
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!
