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Updated over 12 years ago on . Most recent reply
mentality of a real estate investor
Hi all, I am on my way to save $100,000 in 5 years and wanted to know about what the mentality of a successful real estate investor should be. My dream would be to form a partnership each contributing $100,000 for a million+ real estate investment deal. My one concern is that the stress of managing the tenants or worrying about burning out and losing intereste/desire.
How should you, the successful real estate investor think? I have done my first real estate deal and was a little burned out by all the stress (by managing the house and such), and things went a little sour. I didn't lose any money, only the opportunity cost of using that money for great returns.
Do you guys have any advice? thanks :D
Most Popular Reply
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When you add partners - you lose control. It would be like throwing your money away in the stock market. Leverage & control are some key issues to think about when getting into RE investing.