The OP is talking about people buying rental properties. That is creating a

Jun 1, 2023
8:22:24am

johnnybyu All-American

a business. A third party investment requiring no work in a real estate deal is totally different and agree that is the way wealthy make more money. They genernally have to be an accredited investor to do that.

This message has been modified

Originally posted on Jun 1, 2023 at 8:22:24am

Message modified by johnnybyu on Jun 1, 2023 at 8:25:59am

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johnnybyu

Bio page: johnnybyu
Joined: Jun 6, 2002
Last login: Apr 26, 2024
Total posts: 14,755 (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.

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