Invest in RE is more of buying yourself a job... 2009-01-31
发表于 : 2014-05-16 8:44Invest in RE is more of buying yourself a job... 2009-01-31 07:35:52
anyone that is in RE longer than 10 years should already know the growth pain, when you first started, only few units on hand, you do everything yourself, 90% of RE investor quit at this stage, but as you grow to 30 or more units, you can afford to have full time helps, bank will look at you in a better way, then your job become a bit easier, but compare to putting money in CD or I-bond, it still is a hard job, and requires patient and consistency over long period of time.
I never encourage people invest in RE blindly, I always tell them to think not only twice but three times before they do, I had post here many times to discourage people to chase high appreciation on RE investing, but RE's 四重魔力 is definitely there, it just take a long long time for you to know it, 8% return on CD or I-bond maybe great but will never make you financially free.
I believe all the people comes to this forum are highly educated, and I bed most of you are MS or PHD or even higher, but how many are you working at a dead end job that you hate and worry about lay off tomorrow? I am glad I never have to worry about it.
anyone that is in RE longer than 10 years should already know the growth pain, when you first started, only few units on hand, you do everything yourself, 90% of RE investor quit at this stage, but as you grow to 30 or more units, you can afford to have full time helps, bank will look at you in a better way, then your job become a bit easier, but compare to putting money in CD or I-bond, it still is a hard job, and requires patient and consistency over long period of time.
I never encourage people invest in RE blindly, I always tell them to think not only twice but three times before they do, I had post here many times to discourage people to chase high appreciation on RE investing, but RE's 四重魔力 is definitely there, it just take a long long time for you to know it, 8% return on CD or I-bond maybe great but will never make you financially free.
I believe all the people comes to this forum are highly educated, and I bed most of you are MS or PHD or even higher, but how many are you working at a dead end job that you hate and worry about lay off tomorrow? I am glad I never have to worry about it.