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Updated almost 6 years ago on . Most recent reply
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Why Real Estate?
Hey gang,
Glad to be on this site and poking around learning all the information I can about REI, but this afternoon I just stepped back (figuratively, of course), and thought to consider the question: why real estate at all?
More specifically, I'm learning and becoming a wise steward of my own finances (after living care free in this respect for several years), but, in a funny way, seeing that movie The Big Short changed my conception about what money can do and the ways we can make it work for us (I know, somewhat bizarre - my friends left only with terror of Wall Street), so I was initially (and still am) researching stock market investments, but then I stumbled across this site. Now, because it seems so difficult to give some return on investment percentage for the active investor, i.e. someone who flips or buys and holds, why does real estate seem so appealing? To put it bluntly, how much money can you make in this business?
Thanks in advance for anything someone might have to contribute to this, it was sort of a wandering thought as I'm weighing potential other options.
JTM
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One of the main reasons I'm involved in Real Estate is that I personally love the work. I pulled a 14 hour today and will likely work crazy hours tomorrow. But I closed on a rehab that will make me 30k in a matter of a few weeks, got an offer accepted on a 6 property package, picked out hardwood, appliances, granite, and paint on a high end rehab, I spoke with an investor over seas in Australia, I signed a JV with investors from NY, I got to play with my dogs whenever I wanted, and at the end of the day I'm in a great mood.
I still remember when I hated everyday but Friday. How I lived paycheck to paycheck. I would count down the days for months till I got to take my one vacation a year.
Now... I honestly have to check my phone to tell what day of the week it is. I get to spend time with the folks I love. I get to meet some of the coolest people in the world. Ontop of all that I'm making great money.
I looked into DOZENS of other businesses. Franchises, College, Motorcycle Repair, Music Teacher, Import/Export, Amazon, Ebay, and on.
After my first deal closed I've been hooked ever since.
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