All Forum Posts by: MarieChele Porter

 I have a passion for real estate as well. And unfortunately people with low/no risk tolerance sit there money in the bank and can't even get 1% more like .01% :( there's also the people who just don't know that there are other things that can be done to grow their money. That's why it's good to talk to people because you never know who could be your next private money lender...

 Exactly and I agree with all those points. His degree was in political economy so there was probably something with that psychology as well. Like you said less competition for us all! :)

 That's true. But I have also talked to many people who are interested in investing who may not be able to afford it or think they can't afford it. I've learned a lot of the time people have money saved up that they don't think is enough, but there are so many ways of using other people's money it may be possible. I get intimidated sometimes because I think people may give me funny looks and doubt me I'm trying to get over that.

Prices in my range, growth of millennials in the area and an ok job market.

 Thanks Gwen.

 We were friends until you said go Cavs aha... But I agree with that everyone can teach you something and it would be surprising sometimes how much people know about a subject but never do work in it. Wts I agree with the previous comment and probably wouldn't take advice from someone who maybe knows a lot about real estate investing but lacks any experience in it.

 Exactly and not only that they are the people who are working W2 jobs (which I still am) that won't open up their minds to the idea. I like that idea tho I'll be very cautious of who I take advice from even if they are 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.

I know this is a long forum post and probably will be better off as a blog post but I don't have one yet and just wanted to start the conversation. Thanks for reading if you got this far. Maybe I will make a blog now... :)

@James Wise Hey thanks for the info!

 Cleveland and it's suburbs.