Biggest Sacrifice?

[Paul Garcia]

Hello All,

I think everyone can agree that investing in real estate, no matter how savvy you are, requires capital. Saving up any amount of money can present challenges, regardless of your financial position. In real estate we sacrifice the good for the great, but sometimes the temptation to settle can be tough.

What sacrifices have or do you make to invest in real estate?

So far, I have not had it rough. I started investing right after college, before life (kids, bills, etc.) have really kicked in. In my eyes, the biggest sacrifice I make is living at home (yes, in my Mom’s basement), which also requires a 3 hour commute to work. Although I can afford to move out, I choose to live at home so that I can continue to save and invest. At 24 years old I meet a lot of new people; it stinks having to answer that I live at home all the time and immediately get judged as unsuccessful or a slacker. But in the end it’s worth it!

[Andre Green]

What a great question @Paul Garciaand the answers will probably stretch across the board. For me it a long sacrifice after digging myself into a huge whole making all the mistakes in personal finance along the way. I had to figure out how to pay off $70,000 worth of personal and credit card debt (young and dumb college student) in my 20's while making under $30k a year at my w-2 job. My sacrifice was working 3 jobs, no disposable income and aggressively paying off debt for 6 years to get back to zero! In the end it was all worth it. I used those things as motivating factors to be the reason I made it.