All Forum Posts by: Joey Hansell
Joey Hansell has started 1 posts and replied 5 times.
Post: Family beating the **** out of me for becoming a landlord. What the hell?
- Investor
- Des Moines, IA
- Posts 5
- Votes 4
Originally posted by @Brandon Hall:
@Joey Hansell One of my favorite quotes: "The distance between insanity and genius is measured only by success."
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Good to see another one of 'us' on here. Thank you for the post, lots of good points.
Post: Family beating the **** out of me for becoming a landlord. What the hell?
- Investor
- Des Moines, IA
- Posts 5
- Votes 4
Originally posted by @Steve B.:
Nah, I've been very boring in this regard. I've just been working very safe/secure internships and then a couple different accounting jobs for large firms. They think success = working 9 to 5 in an office. What they don't understand is that my idea of success = owning cash flowing properties that allow me to not have to work.
Post: Family beating the **** out of me for becoming a landlord. What the hell?
- Investor
- Des Moines, IA
- Posts 5
- Votes 4
Originally posted by @Linda Weygant:
Oh my. That really hurts. It sounds like you suspected this might be their reaction and it's super unfortunate that you were correct.
You are not throwing away your CPA. I am also a CPA (as is @Brandon Hall, who may also have some insight into this) and we both have rentals as well. Being a CPA gives you greater insight into the tax benefits and the financial issues surrounding real estate investment that other people have to really study hard to learn or pay a lot of money for advice. It's a designation that is going to give you a leg up on other investors and help guide you towards success.
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I'm glad to see there are other accountants here. This was helpful.
Post: Family beating the **** out of me for becoming a landlord. What the hell?
- Investor
- Des Moines, IA
- Posts 5
- Votes 4
OP here. I will clarify that I used not a single penny of anyone else's money except my own on my properties and my education.
Post: Family beating the **** out of me for becoming a landlord. What the hell?
- Investor
- Des Moines, IA
- Posts 5
- Votes 4
Hi everyone, I am seeing if anyone else here is struggling to get support from your family for your decision to invest in real estate by becoming a landlord. I would like to acquire many more and quit my job some day soon.
I'm 25 and work as a CPA during the day, no wife/kids. I read up on it for months before finally spending most of my savings (left a big chunk for an emergency fund) on 2 single family homes in town about 2 months ago. I finally got them both fixed up and got them both listed AND rented out this week!!
I was so excited and finally told my parents and my 2 older brothers. I never spoke to them about his because I know they would say "why would you waste all those years becoming a CPA and then throw it all away to do a thing that someone without a degree/designation could do".
Well I told them last night at a delayed fathers day dinner. They all called me stupid, foolish, wreckless, slum-lord, etc. My mom said she was disappointed that I did this and she expected more out of me. WTF, right?