Why choose RE investing?

Why choose RE investing?

Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes

A few comments over the last several days sparked a thought. Why do I enjoy investing in RE? Money is nice, but in some respects there are probably easier ways to make a living.

For me their have been several aspect of RE that fascinate me. I like the sense of accomplishment when a complete a remodel project. I like tinkering around a home. I enjoy meeting new people.

I grew up in rural areas and access to large areas of land to explore. I remember as a youth spending hours exploring endless trails.

Grandfather owned nearly 300 acres of farm land were he raised alfalfa. He didn't live at the property until he retired,, but he spent many weekends there. I lived closed to his home in Newcastle which was an old rural mining town. His home there was probably at most 2 acres, but he raised 40 head of cow, some pigs and a barn full of cats.

I guess I learned to enjoy the land and enjoyed the sense of accomplishment that comes from improving the land. In any case RE is in my blood to stay.

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Private Money Lender · Omaha, NE · Member since 2010 · 146 posts · 47 votes
15y

Very nice, Charles! Thanks for sharing!

Personally, as I mature :wink: I am focusing more on financial security. Given that fact, along with the fact that I have a lust for learning new (and preferably useful) information, I've developed an insatiable appetite for learning about different investment vehicles and strategies, along with the nuances of each market.

Over the years, I've done a lot of investing in stocks, mutual funds, options, warrants, commodities and foreign currencies, but am now focusing more of my time and energy into real estate. My other investing has been a rather solitary endeavor, compared to my real estate activities and especially working with the amazing team I'm presently a part of. I think our team is my main reason for this shift of attention for me.

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  • Private Money Lender · Omaha, NE · Member since 2010 · 146 posts · 47 votes
    15y

    Very nice, Charles! Thanks for sharing!

    Personally, as I mature :wink: I am focusing more on financial security. Given that fact, along with the fact that I have a lust for learning new (and preferably useful) information, I've developed an insatiable appetite for learning about different investment vehicles and strategies, along with the nuances of each market.

    Over the years, I've done a lot of investing in stocks, mutual funds, options, warrants, commodities and foreign currencies, but am now focusing more of my time and energy into real estate. My other investing has been a rather solitary endeavor, compared to my real estate activities and especially working with the amazing team I'm presently a part of. I think our team is my main reason for this shift of attention for me.

  • Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
    15y

    Don't get me wrong. I invest in RE to make money. It just happens that I enjoy investing for more reasons than making money. There are other means, but RE is one way to truly create wealth. If you enjoy it as well it makes it that much easier to succeed and have a good time as well.

  • Commercial Real Estate Broker · Chicago, IL · Member since 2010 · 10 posts · 1 vote
    15y

    I personally think there's poetry to real estate investing. A piece of land and its developments have history behind them and to have the knowledge and power to change the land to create opportunity for future generations is mind-boggling--but we're doing it. And the best part of about it is that along the away we make a very pretty penny.

  • Homeowner · Walla Walla, WA · Member since 2010 · 82 posts · 21 votes
    15y

    My grandfather always told me, "Real Estate is like playing a game. When you win, you win big. But be careful not to get too cocky, or you'll loose everything. Don't over-leverage."

    His words ring in my memory every time I pass a For Sale sign. I just can't help but grab the flyer and look for holes in their game.

    I believe that you should never do anything unless you're 100% passionate about it. Why work a "9-5" doing something you resent when you can start that stamp collection business with RE providing is proving residual income?

    Thanks for sharing Charles and for getting me thinking. :-D

  • Private Money Lender · Omaha, NE · Member since 2010 · 146 posts · 47 votes
    15y

    No, I don't think I misunderstood you Charles. SOrry if it sounded like I did. I agree with you 100%.

    All great posts, actually! :)

  • Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    Why real estate? It is something you can touch physically. A stock is just a piece of paper that changes values when somebody three countries away farts. Real estate has been more stable. You can enjoy the income from the money left over each month after paying all your bills. You can use depreciation to save money on taxes.Equity in the property builds. The property appreciates in value. The biggest advantage is the leveraging of your money. You put in 20% but have 100% control of the property. The OPM you borrowed in the form of a mortgage gets payed back by OPM in the form of rents received. Another issue of the times is that as the government prints more and more money to cover the debt, the value of the dollar you are using to pay it back is worth less than the value of the dollar when you borrowed the money!

  • Private Money Lender · Omaha, NE · Member since 2010 · 146 posts · 47 votes
    15y

    Realtyman--- actually more and more the stock market is getting away from the paper certificates, so you get a computer entry! NOTHING tangible!

  • Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    Just goes to show how worthless the stock investments really are then. Real estate is where it is at!

  • Landlord · Seattle, WA · Member since 2010 · 3k+ posts · 1k+ votes
    15y

    I enjoy the fact RE is more tangible. I enjoy seeing a home that has been neglected changed to something that is far more desirable.

    I suspect there are many more reasons that other get involved in RE besides money. I would love to hear some more stories.

  • Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    Because real estate investing is like a hobby - it becomes something you enjoy doing and does not always seem like a day to day JOB!

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