Biggest Lesson Learned?

[Jonathan Chan]

Hi All, what's been your biggest lesson you learned after getting into real estate. I'll go first. I had a W2 I wanted to leave and thought that owning 30 rental properties would be enough to retire from corporate life. While I was able to leave my job after 30, it hasn't been comfortable. Focus on creating active income and use LTRs to shelter your money. 

[Travis Timmons]

1. Run your own race. Be perfectly happy watching someone else make a giant pile of money pursuing a strategy that you have no interest in doing.

2. Play the long game but realize that maximizing long term net worth has to stop if you want to be financially independent.

3. It's going to take longer than you thought and be harder than you expected.