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All Forum Posts by: Joey Hansell

Joey Hansell has started 1 posts and replied 5 times.

Originally posted by @Brandon Hall:

@Joey Hansell One of my favorite quotes: "The distance between insanity and genius is measured only by success." 

... 

 Good to see another one of 'us' on here. Thank you for the post, lots of good points.

Originally posted by @Steve B.:
she probably thinks you are pursuing some cockimamie, get rich quick scheme, which in all fairness, a lot of new and soon to be ex posters on BP are. It's likely you have a bad history of failed investment ideas your family judging you on, just show them you have changed.

 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.

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.

...

I'm glad to see there are other accountants here. This was helpful. 

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.

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?