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Updated about 5 years ago,
A Passing Thought For The Group
I was at work the other day talking to a friend when we were interrupted by someone my same age that exclaimed "Oh my god you have 3 mortgages". He then went on to tell me immediately about all those people that went default about 10 years ago and how I should worry about being over extended. I really had no time to reply as he educated me on the matter and then it was back to work. I spent the rest of the day reflecting on the matter. I was listening to the Bigger Pockets podcast on the way home from work that day and was thinking about a past episode about action.
I talked to my wife that night about it with my brand new cup that said "15 years of service" in hand. I know that there's risk in real estate and I know that I'm running the risk of potentially loosing one of the homes someday. But I was telling my wife that don't fear loosing out on the time and money investment all that much. I fear holding a 20,25, or 30 year cup working 500-1000 hours of overtime every year for the foreseeable future. I fear opportunity loss from inaction. I fear that someday my 3 year old may grow up to be a stranger to me if I stay where I'm at.
I ask you the question if it hasn't been asked before.
What are you giving up by continuing your 9 to 5 job?
Is it worth the risk? For me it is..
Thanking you for reading
Ramon.