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Updated over 9 years ago on . Most recent reply

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Kheri Mourad
  • Investor
  • Lincoln, NE
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Can't stop thinking about rental properties

Kheri Mourad
  • Investor
  • Lincoln, NE
Posted

So I'm at this new job today, and everything is being thrown at me. 401k saving, dental, vision etc... Anyways throughout the 8 hrs shift I could not focus on the task at hand but rather having rental properties. I feel like I can be great in this field. So I guess my question is; what made you folks go into real estate? One thing you like? Dislike?  What are somethings to cosider about a property before evening looking inside? 

Ps... I'm still waiting for my first deal (A landlord once told me patience is the name of the game) 

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Anthony Gayden
Pro Member
  • Rental Property Investor
  • Omaha, NE
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Anthony Gayden
Pro Member
  • Rental Property Investor
  • Omaha, NE
Replied
Originally posted by @Kheri Mourad:

So I guess my question is; what made you folks go into real estate? One thing you like? Dislike?  What are somethings to cosider about a property before evening looking inside? 

 I went through some rough financial problems during the recession which included being unemployed for nearly 6 months and deeply in debt. While sitting at home unable to find a job and broke, hoping my benefits wouldn't run out before I found something, I became very jaded toward the world of jobs and work, where your livelihood is totally dependent on factors out of your control. I eventually found a job that paid half of my prior salary, but things would never be the same.

Of course I read Rich Dad Poor Dad, but that book did not have the biggest impact on me. It was the book, The Millionaire Next Door that changed everything for me. It never occurred to me that most of the people we think are rich are actually not rich. 

We live in bizarro world where the wealthy drive economy cars and the lower and middle class drive luxury cars. Where the wealthy shop at Walmart and the lower/middle class wear the newest expensive fashions. I know that isn't the case for all wealthy people, but in all honesty, I never knew there was another way to live.

I got into real estate because I want to be The Millionaire Next Door. Financially secure, not dependent on an employer paying me. Able to live off of my wealth indefinitely without having to work again.

  • Anthony Gayden
  • Podcast Guest on Show #21
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