New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
New Member /w Questions (Charlotte, NC)
Hello!
I'm a renter in Charlotte, NC that's considering buying my first house. I'm very interested in real estate investing, but I want to get some feedback from the community, as I'm not entirely sure that it's for me.
I'm unmarried with no kids, so I've always required very little in order to be have privacy and be comfortable. I've always rented rooms or small apartments, and have been happy doing so, because it requires so little time and effort to maintain on a daily basis (allowing me to pursue career goals and hobbies). I've always been content with a very minimalist style of living.
To make a long story short, I just don't harbor an affinity for houses. I have never had a dream to own one. I don't care to decorate them, furnish them, clean them, or maintain them. I have absolutely no construction/renovation skill, and have no interior design instincts. I don't care about their architecture or floorplans. You would never find me watching HGTV, or reading an article about the latest trend in wall quote decals or welcome mats. I don't own a single piece of furniture. I've never so much as hung a picture frame in a place I was renting. Housing has always just been shelter to me.
I would be perfectly happy renting for the rest of my life with one big exception... it's disadvantageous from a financial perspective. Further, I feel like I would really enjoy the business side of real estate investing as long as I could outsource all of the renovation, property management, design work, landscaping, cleaning, and maintenance. I'm very interested in the financial analysis, projections, and creative solutions to business problems. I'm much more interested in running a TVM calculator than a paintbrush.
What do you guys think? Is an interest in the business side of REI enough to be successful, or should avoid REI until I have an affinity for the non-financial details of properties?