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Updated almost 14 years ago on . Most recent reply

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Johnson H.
Pro Member
  • Investor
  • San Francisco, CA
889
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910
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Do you tell people you invest in RE?

Johnson H.
Pro Member
  • Investor
  • San Francisco, CA
Posted

Hi All,

Last year I purchased two SFH as rentals and I am looking for more. I sought some advice from a few coworkers whom are knowledgeable in the RE field but were big talkers and word quickly spread about my investments (my mistake). I'm in my mid 20s and people now think I'm rich. In reality, my property's are financed with little down, I live at home, and save about 90% of my income. I am getting tired of all the comments and I hesitate now when people ask me what I did over the weekend (flew to X to view homes or something else related to RE). Only my close friends and family know about these investments and I wonder should I limit this or just tell the world? I am a pretty transparent guy, so it's difficult for me to keep things in, but hate some of the comments people bring up.

I am curious how BP members who are passive investors and have full time jobs, how they handle this and the comments?

  • Johnson H.
  • Most Popular Reply

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    Bryan Hancock#4 Off Topic Contributor
    • Investor
    • Round Rock, TX
    4,382
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    Bryan Hancock#4 Off Topic Contributor
    • Investor
    • Round Rock, TX
    Replied

    You definitely need to be careful with this if you are working for someone else. People have a way of being quite jealous about PERCEIVED wealth if you disclose your real estate holdings. This could hurt you professionally through no fault of your own.

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