Real estate is usually the way the wealthy get much wealthier. It's not actually very common for it to be

Jun 1, 2023
7:21:39am

CSoul Truly Addicted User

the first and primary part of wealth. Yes I know there are many exceptions but that is statistically how it is. With wealth to start you can afford to diversify and have better managed properties which derisks significantly.

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CSoul

Previous username: tsm26
Bio page: CSoul
Joined: Nov 20, 2005
Last login: Apr 30, 2024
Total posts: 66,611 (13,843 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.

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