Emotions in Real Estate * WARNING... Whining ahead! *

[Joshua Rogers]

I'll try to keep this brief to some degree. I own a few single family homes, I make fairly decent passive income, but I am bored out of my mind. Perhaps it's an issue for my counselor, not BP, but I saw there was a section titled investor psychology, so here goes. My girlfriend and I are equal partners on every deal. She helps on the financing side and bookkeeping, I do everything else involved in buy and hold investing...rehab, tenants, management, etc. That said, it doesn't excite me, and unless I'm working on a new deal, it doesn't require a massive amount of my time. I see houses as a way to add $300 to $600 a month to my immediate net income, fantastic long term wealth seems "almost" inevitable (no guarantees in life and the free market), and great tax benefits. Plain and simple, yet uninspiring (for me personally). I honestly think it's being alone in my work that is the major problem, as well as being business partners with someone who brings nothing to the table aside from financing. Sure, she wants to "retire young", but I don't see her cracking a real estate book, tax book, looking at forums (such as BP), or anything else. She has a full time job as an elementary teacher, so I understand that she can't do real estate full time. I also realize that financing is a major component, but lately I have the attitude that just because you loan a welder to me and I go off and construct the Eiffel tower, it doesn't mean I want to split the finished product with you 50/50. We're romantic partners, so I suppose the money all goes in the same pot, so it's not as bad as splitting it 50/50 with a strictly business partner though. Maybe I'm crazy....I've been told that before. I want to partner with someone who I can learn from, and hopefully they can learn from me. I don't know if real estate is my calling. I always wanted enough passive income to do whatever I wanted whenever I wanted...then I realized I don't have a lot of hobbies or a major "calling" (I haven't discovered it as of yet, despite reading dozens of books on the subject). Consider this me reaching out, hoping to find some local people who can motivate me and excite me. I've tried the local REIA group, and perhaps I didn't give it a fair chance, but I found bitter landlords and part-timers who seemed more lost than me. I do plan on joining again to give it another shot. This could be the ramblings of a mad man. I appreciate your time reading my thoughts.

[James Wise]

If your looking for a partner id reccomend posting an ad in the marketplace detailing what you bring to the table and what youd like brought to the table from the partner.