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A talk in a bar about real estate investing
Hey everyone,
I just wanted to bring up a short talk I had with someone while getting food at a bar before the warriors game. I met these 2 guys in a bar who were friends (I was by myself). They were really nice and we just began talking. Eventually, we talked about careers and I mentioned that I wanted to get into REI and day trading. What came next actually kind of shocked me. One on the guys said "well don't get into real estate investing". He began to explain to me how "iliquid" the real estate market is and gave this example of how I would just have to wait for years until I ever seen a return when the properties were sold. (Never mentioning at all the ability to receive passive income in the process). I tried to get that point in a little but with all the bar noise I kind of just gave up.
The reason I'm hoping to start a conversation about this topic is the fact that you should talk about your real estate investing ideas with anyone who will listen. The reason is you never know what your're going to hear. When I first realized the power of real estate I thought "this is crazy, this can't be real, why isn't everyone doing this?!" But instead of letting his negative feeling about real estate investing put me down or make me not want to do real estate investing anymore it opened my eyes to the thoughts and answered my questions of why everyone isn't doing this. It made me realize that I can do this along with all the other people who are doing it because there are people out there who will just never do it and I'm sure he's not the first who I'll meet. It made me feel good about the fact that everyone doesn't want to be a real estate investor so that's 1 person who I may rent to and not compete with.
Instead of letting this be something that I can assume many have let turn them away from REI I chose to make it something that says now watch me prove you wrong. Of course this isn't always some random guy you meet in a bar this could be your mom, dad, sibling, significant other, or your enemy. The point is to learn your information and trust in what you believe in enough to move forward with what YOU believe is good for you. Whether that be real estate investing or not.
I listen to a lot of podcasts and read a lot of books and it seems like anyone and everyone who is successful in real estate will tell you that you must be a social being to be successful in this business. It's funny because at my local real estate meetups the organizer makes us introduce ourselves every time and I still cringe about it and dread it but I do it 1. because I know it's necessary for success and 2. I want to break out of that bad habit of not wanting to publicly speak. If there is an opportunity I want to take it without thinking twice about it because you may never get that chance back if you miss it.
I'm signing off by saying it's time to break the shell!
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