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Jun 1, 2023
8:29
:49
am
johnnybyu
All-American
The OP is talking about owning rentals, the article is about flippers and
wholesalers which is completely different. That would be like comparing day traders to investment managers.
This message has been modified
Originally posted on Jun 1, 2023 at 8:29:49am
Message modified by johnnybyu on Jun 1, 2023 at 8:30:26am
Message modified by johnnybyu on Jun 1, 2023 at 8:31:54am
Message modified by johnnybyu on Jun 1, 2023 at 8:32:46am
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johnnybyu
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johnnybyu
Joined
Jun 6, 2002
Last login
Jun 20, 2024
Total posts
14,942 (1 FO)
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Messages
Author
Time
Real estate has to be the most polarizing way to make money. On one hand I
macdizzle
6/1/23 6:32am
Yeah, if I'm honest,
Courtimedes
6/1/23 6:37am
And thats part of the reason why there is a housing shortage in CA
Backcountry
6/1/23 6:41am
RE: And thats part of the reason why there is a housing shortage in CA
Courtimedes
6/3/23 9:25pm
It’s definitely the slow way to wealth, for most investors.
ABN RGR
6/1/23 6:43am
What’s the fast way?
DiamondMo
6/1/23 7:45am
Stonks. Crypto. Drug dealer…
ABN RGR
6/1/23 8:20am
Or realignment podcaster
TNT
6/1/23 9:05am
I dabbled in it with my starter home. 2 out of 3 renters made it not worth it
jrifkin48
6/1/23 7:51am
I've got lots of stories about tenants. Sometimes they're horrible. But, I feel
txblue
6/1/23 6:56am
High risk, high reward. I'd say it's polarizing publicly due to the housing
vagabonder
6/1/23 6:58am
I have absolutely fantastic tenants right now, but I’ve had the worst ever
Nat Gas Man
6/1/23 6:58am
gotta be careful which states you buy in. If you choose wrong you could have
Mayor of Cougartown
6/1/23 7:07am
What are some states to avoid?
Florwood
6/1/23 7:52am
Real estate is usually the way the wealthy get much wealthier. It's not actually very common for it to be
CSoul
6/1/23 7:21am
I would disagree but it is a very slow process. 20 years plus. But the success
johnnybyu
6/1/23 7:36am
The biggest barrier for me is how easy it is to invest in public equities and
Odysseus
6/1/23 7:49am
True it is a headache. Equities are easier but RE returns can be 10x+ equities
johnnybyu
6/1/23 8:01am
What you are talking about is a business, not a pure investment. They are totally different things. The rich use RE
CSoul
6/1/23 8:15am
The OP is talking about people buying rental properties. That is creating a
johnnybyu
6/1/23 8:22am
What do you disagree with? The statistics? I'm just stating the reality. Way more people turn 1 million into 5 with real
CSoul
6/1/23 8:12am
Yes I would argue with the statistics. If a person just got a home and paid it
johnnybyu
6/1/23 8:18am
You aren't arguing statistics. You keep just stating that people can. Do you know the difference? Real estate rental
CSoul
6/1/23 8:22am
You think real estate investors fail at a higher rate than starting a business?
johnnybyu
6/1/23 8:25am
RE: You think real estate investors fail at a higher rate than starting a business?
CSoul
6/1/23 8:28am
The OP is talking about owning rentals, the article is about flippers and
johnnybyu
6/1/23 8:29am
Keep moving the goal posts. He literally just said real estate. But fine, don't give an inch, don't care.
CSoul
6/1/23 8:32am
The first paragraph says (primarily residential and then renting out their prop
johnnybyu
6/1/23 8:34am
You're too much man.
CSoul
6/1/23 8:35am
I like many of your arguments. But you are the one that changed the goal post
johnnybyu
6/1/23 8:36am
And I believe why it fails at a higher rate is because like all businesses you hit tough spots and most people
CSoul
6/1/23 8:30am
MLM, start ups, D2D, seminars, are way more polarizing. Real estate has .
johnnybyu
6/1/23 7:29am
Owning multiple homes to rent out seems like a good longterm way to build wealth. However, it doesn't feel like
Zenoch
6/1/23 7:54am
It is immoral. It is putting your own desire for gain at the expense of young
valleus
6/1/23 9:50am
So, there should be no homes for rent anywhere? If you can't purchase, then
txblue
6/1/23 10:07am
Fail
CasualFan
6/1/23 11:08am
As with most progressive, idealistic viewpoints - they don't deal with reality and consequences of choices.
Zenoch
6/1/23 11:18am
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