General Q: to the longtime investors and housing providers

[Kathryne Omaits]

Hi BP community:

Twice in the last week on different platforms (Quora and Atlanta House Share) I've seen 2 posts from people saying that if a person is investing/providing housing that they should not be doing it as their sole income and from one, "They have no business doing this as sole income and the bank made a very serious mistake."   I seriously don't understand their thinking.  I want to be self-employed and I'm aware it takes hard work and patience, which providing housing can certainly test.   Would really love to hear comments from you folks.

[John Barrett]

@Kathryne Omaits There are many different ways to successfully invest in real estate, with pros and cons for every strategy.  The opinions people hold about each strategy and the risk associated are as seemingly limitless as the stars in the sky.

Most people start investing in real estate as a side hustle to their full-time job.  This is exactly how I got started.  It makes a lot of things about investing in real estate easier and less risky for the borrower and the bank.  This in no way invalidates the numerous other ways that other investors have done it.  There is no one "right way" to invest in real estate.  The beauty of this asset class is it allows for an amazing amount of creativity.  Just because someone else doesn't understand your investing strategy or how you make your living, doesn't invalidate it.  But that's just my opinion. :)

John