I'm 33 and don't want to go to work
Jaron WallingPro Member
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votesI'm 33 and don't want to go to work
Most Popular Reply
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
6yOriginally posted by @JD Martin:
? Isn't selling real estate "going to work"?
What do you think @Russell Brazil, @Mike Cumbie, @Joel Owens ?
Entrepreneurs work 80 hours to avoid working 40 hours.
District Invest Group545 Reviews
99 Replies
Originally posted by @Rob Massopust:
Hmm, you troll and jest but deep down I think most Millennial's think this way! Why not, you grew up with easy money and everyone on Facebook makes millions selling lip liner or something, just click and I get rich.
Some people it just comes easy most of us have to work at it. Now there is so much more competition and everyone wants HGTV easy that it is just makes me want to puke.
Maybe if you rode the real estate roller coaster every 7-12 years you timed it right, but now I think the jig is up, this next downturn [if we ever have one] wont be as deep of a discount. I am so tired of everyone that has been "doing" real estate for like 4 years and think they know everything. All the easy fruit is gone and I do piss on myself because every property I bought and fixed up is worth millions today, should of kept one. Oh well back to work because its not that easy seeing everything for what it is.
https://www.youtube.com/watch?v=Uo0KjdDJr1c
https://www.youtube.com/watch?v=zlmarLZpsyQ&t=38sWhere is this easy money millennials grew up in? Sure a few idiots made millions making YouTube videos and Instagram accounts or whatever it is they do... But baby boomers stumbled into millions by throwing a few bucks in a retirement account, or just being awarded retirements for the time they put in... Millennials came of age just before and during the recession. Anyone who started investing early the traditional way was wiped out. Baby boomers came of age during a booming manufacturing economy. Millenials came of age to outrageous unemployment rates. Near zero interest rates. Record national debt. They've been strapped with trillions of debt to stop baby boomers from losing their shirts. They've been coached by those same baby boomers to go in to debt 10s of thousands of dollars, which they'll have to pay back 100s of thousands for, just to get degrees in fields they can't work in... Honestly millennials have taken a hit in the reputation department because the ones that make the spotlight tend to be morons. The greatest generation thought the same way about baby boomers though so I guess it's warranted...
- 6yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Russell Brazil:
Originally posted by @JD Martin:
? Isn't selling real estate "going to work"?
What do you think @Russell Brazil, @Mike Cumbie, @Joel Owens ?
Entrepreneurs work 80 hours to avoid working 40 hours.
75 votes for one sentence well done Russ !!! I don't work .. I just start my day at 5am and work past dinner time and work almost every sat and sunday on some project .. but real estate to me is a lifestyle so I have never worked a day in my adult life LOL>
- 6yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Ola Dantis:
I'm so tired of going to work to get all my CashFlow checks from all my Hassle-Free CashFlowing properties all over the United States.
My private jet is taking me to the Amalfi coast this weekend so that I can come back on Monday morning to study to get my real estate license. What do you guys think?!
I played a round of golf with a friend of one of my bizz partners.. he was ( probably retired by now) president of Con Agra and they lived at the same Country Club in La quinta.. but that was his routine.. leave Omaha or were ever Con Agra is headquartered on the company G 4 and fly to Thermal play gold Friday Sat Sun and fly home Sunday night.. so ya it happens.. LOL
- Real Estate Investor · Seattle, WA · Member since 2014 · 72 posts · 9 votes6y
@Jaron Walling
License
You will work harder than you’ve ever worked in your life if you want to be a full-time successful agent,
You will have less free time than you have ever had if your actually going to work as an agent and make money,
Cold calls, door knocks, family and friends most likely won’t trust you at first with no experience
Following up with leads, managing your database, sending comps, houses, driving more than you have ever driven in your life 😉
Investing:
If you don’t own or have a place get a house hack started, then you can see how a rental kind of works, fixing toilets etc, switching lights out changing flooring, duplex is always ideal.
Then after that is running or if you have the capital now run market rents on a apartment complex or whatever you can afford, see the down payment plus taxes- all of expenses if the property is cash flowing from market rents sure thing, just as easy as it sounds 😂😂😂
Don’t forget vacancy’s
And rinse and repeat tell you have enough residual income that your comfortable with and you will never have to work for the man again!
Work will be required for all of the above!
- Omaha, NE · Member since 2014 · 57 posts · 15 votes6y
@Jaron Walling just playing devils advocate here but why do you need a real estate license to do anything. If anything that exposes you to legal ramifications should something go wrong. Best of luck
- Real Estate Broker · Santa Ana CA [South Coast Metro] · Member since 2016 · 459 posts · 202 votes6y
Originally posted by @Shane H.:
Originally posted by @Rob Massopust:
Hmm, you troll and jest but deep down I think most Millennial's think this way! Why not, you grew up with easy money and everyone on Facebook makes millions selling lip liner or something, just click and I get rich.
Some people it just comes easy most of us have to work at it. Now there is so much more competition and everyone wants HGTV easy that it is just makes me want to puke.
Maybe if you rode the real estate roller coaster every 7-12 years you timed it right, but now I think the jig is up, this next downturn [if we ever have one] wont be as deep of a discount. I am so tired of everyone that has been "doing" real estate for like 4 years and think they know everything. All the easy fruit is gone and I do piss on myself because every property I bought and fixed up is worth millions today, should of kept one. Oh well back to work because its not that easy seeing everything for what it is.
https://www.youtube.com/watch?v=Uo0KjdDJr1c
https://www.youtube.com/watch?v=zlmarLZpsyQ&t=38sWhere is this easy money millennials grew up in? Sure a few idiots made millions making YouTube videos and Instagram accounts or whatever it is they do... But baby boomers stumbled into millions by throwing a few bucks in a retirement account, or just being awarded retirements for the time they put in... Millennials came of age just before and during the recession. Anyone who started investing early the traditional way was wiped out. Baby boomers came of age during a booming manufacturing economy. Millenials came of age to outrageous unemployment rates. Near zero interest rates. Record national debt. They've been strapped with trillions of debt to stop baby boomers from losing their shirts. They've been coached by those same baby boomers to go in to debt 10s of thousands of dollars, which they'll have to pay back 100s of thousands for, just to get degrees in fields they can't work in... Honestly millennials have taken a hit in the reputation department because the ones that make the spotlight tend to be morons. The greatest generation thought the same way about baby boomers though so I guess it's warranted...
I agree its not been easy the last few years and the debt levels are just crazy. Most Millenials I know 1/2 are smart, tech savvy and making money [good tech jobs or healthcare etc], the other half not so much. its like that every generation. My baby boomer friends talk about how smart they are at making money after they inherited it, but most had regular jobs and over time that paid off, most it did not and are facing tough times. If you bought just one house in 2011, fixed it up and sold this year you did good. We missed that boat. The easy money flip is so saturated and deals are tough to find that that gig is up. No low hanging fruit there. Its a cash only game now.
What I meant is many younger people think that you can make money online like the stupid makeup chick that is worth $1Billion, why? its just stupid what value does she really do, its branding and apparently alot, but she is smarter and alot richer than me so I should take notes from her.
IF you know a good way to make money in 2020 that is duplicatable, sustainable, built over time, fits in a financially and physically ability that is a good blue ocean strategy, do tell!
Originally posted by @Rob Massopust:
Originally posted by @Shane H.:
Originally posted by @Rob Massopust:
Hmm, you troll and jest but deep down I think most Millennial's think this way! Why not, you grew up with easy money and everyone on Facebook makes millions selling lip liner or something, just click and I get rich.
Some people it just comes easy most of us have to work at it. Now there is so much more competition and everyone wants HGTV easy that it is just makes me want to puke.
Maybe if you rode the real estate roller coaster every 7-12 years you timed it right, but now I think the jig is up, this next downturn [if we ever have one] wont be as deep of a discount. I am so tired of everyone that has been "doing" real estate for like 4 years and think they know everything. All the easy fruit is gone and I do piss on myself because every property I bought and fixed up is worth millions today, should of kept one. Oh well back to work because its not that easy seeing everything for what it is.
https://www.youtube.com/watch?v=Uo0KjdDJr1c
https://www.youtube.com/watch?v=zlmarLZpsyQ&t=38sWhere is this easy money millennials grew up in? Sure a few idiots made millions making YouTube videos and Instagram accounts or whatever it is they do... But baby boomers stumbled into millions by throwing a few bucks in a retirement account, or just being awarded retirements for the time they put in... Millennials came of age just before and during the recession. Anyone who started investing early the traditional way was wiped out. Baby boomers came of age during a booming manufacturing economy. Millenials came of age to outrageous unemployment rates. Near zero interest rates. Record national debt. They've been strapped with trillions of debt to stop baby boomers from losing their shirts. They've been coached by those same baby boomers to go in to debt 10s of thousands of dollars, which they'll have to pay back 100s of thousands for, just to get degrees in fields they can't work in... Honestly millennials have taken a hit in the reputation department because the ones that make the spotlight tend to be morons. The greatest generation thought the same way about baby boomers though so I guess it's warranted...
I agree its not been easy the last few years and the debt levels are just crazy. Most Millenials I know 1/2 are smart, tech savvy and making money [good tech jobs or healthcare etc], the other half not so much. its like that every generation. My baby boomer friends talk about how smart they are at making money after they inherited it, but most had regular jobs and over time that paid off, most it did not and are facing tough times. If you bought just one house in 2011, fixed it up and sold this year you did good. We missed that boat. The easy money flip is so saturated and deals are tough to find that that gig is up. No low hanging fruit there. Its a cash only game now.
What I meant is many younger people think that you can make money online like the stupid makeup chick that is worth $1Billion, why? its just stupid what value does she really do, its branding and apparently alot, but she is smarter and alot richer than me so I should take notes from her.
IF you know a good way to make money in 2020 that is duplicatable, sustainable, built over time, fits in a financially and physically ability that is a good blue ocean strategy, do tell!
I've yet to find the magic formula, but not for lack of trying. I am in a sense one of the lucky ones. I had a tsp account in the g fund through the recession. It grew ever so slightly. But I had not knowledge or interest in acrual investing. I thought investing meant dumping it in a retirement account and waiting for 50 years. Because we'l that's what I was told it was. Anyway I cashed that put and spent it like a fool. But not before I switched to c find for a year or two and took some gains after the drop. I have a skillset that kept me employed through it all. I didn't take college debt. I did one semester and realized that those people couldn't reach me how to make money. Shortly thereafter I began building my business and looking at real investing. In 5 years I've built a profitable business albeit not as profitable as I'd like, and I've begun investing. But the bulk of millennials followed the advice given by their parents and that's why they're in such bad shape financially. Completely different market. Many are bums too so there's that. Lol but they are also regularly confused with the generation after. Most people don't realize the first millennials are turning 40 this year. Everyone seems to think they'll be 18 forever. The youngest millennials are 20 now. I bought a house at 25. But you can't blame the bulk of millennials for not doing so. Many watched their parents lost there's just a few years ago!
- Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes6y
Originally posted by @Jay Hinrichs:
Originally posted by @Russell Brazil:
Originally posted by @JD Martin:
? Isn't selling real estate "going to work"?
What do you think @Russell Brazil, @Mike Cumbie, @Joel Owens ?
Entrepreneurs work 80 hours to avoid working 40 hours.
75 votes for one sentence well done Russ !!! I don't work .. I just start my day at 5am and work past dinner time and work almost every sat and sunday on some project .. but real estate to me is a lifestyle so I have never worked a day in my adult life LOL>
Im sure that post will surpass the 100 vote mark. Ive got a number of posts that have passed the 100 vote mark. Thats why Im #2 in votes behind you Jay without having near the number of posts you got, or some of the guys in the top 10 have.
District Invest Group545 Reviews - Member since 2018 · 3 posts · 1 vote6y
@Jaron Walling
this is the road I am taking. trying to get my California real estate and then work for broker. sure can do better in buying selling if I have more knowledge.
keep it up. it's never too late. thanks for inspiring us all the newbies
- Investor · Durham, NC · Member since 2016 · 39 posts · 12 votes6y
@Jaron Walling I must say you got everyone attion with that title
- 6yPatti RobertsonBusiness MemberProperty Manager · Virginia Beach, VA · Member since 2016 · 2k+ posts · 2k+ votes
@Russell Brazil Amen!
- Member since 2020 · 4 posts · 3 votes6y
@Jaron Walling the troll wars have begun :)
- Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes6y
I want to thank everyone who mentioned me in this thread. I was trolling another post and didn't expect that much attention. I appreciate the advice about working as a real estate agent. Bigger Pockets is a library of FREE KNOWLEDGE. It only happens because of the generosity of the members and sponsors supporting it.
It can be a rude awaking for newbies and very helpful for experienced investors. I absolutely love that and hope it never changes.
Originally posted by @Jaron Walling:
I want to thank everyone who mentioned me in this thread. I was trolling another post and didn't expect that much attention. I appreciate the advice about working as a real estate agent. Bigger Pockets is a library of FREE KNOWLEDGE. It only happens because of the generosity of the members and sponsors supporting it.
It can be a rude awaking for newbies and very helpful for experienced investors. I absolutely love that and hope it never changes.
If you write the right title that pushes the right buttons, people.will come, Jaron. People will most definitely come.
You may have gotten more hits with, "From zero to 3000 doors in six weeks!" or, "Why are my tenants so shiftless?" or, "Airbnb turned into porn studio!" For your consideration...
- Attorney · New York, NY · Member since 2019 · 72 posts · 27 votes6y
You need to make it a reality for yourself. If this really is your dream you should start now. This way you'll at least have a year of experience by the time you're 34
Originally posted by @Jaron Walling:
I want to thank everyone who mentioned me in this thread. I was trolling another post and didn't expect that much attention. I appreciate the advice about working as a real estate agent. Bigger Pockets is a library of FREE KNOWLEDGE. It only happens because of the generosity of the members and sponsors supporting it.
It can be a rude awaking for newbies and very helpful for experienced investors. I absolutely love that and hope it never changes.
S'more possible winners:
"Can I deny registered Democrat rental applicant?"
"Bigfoot found outside mountain cabin STR"
"Attractive tenant three months behind, any suggestions?"
"Guy named 'Clayton Morris' trying to sell me Portuguese timeshare"
- Multifamily Syndicator · Houston, TX · Member since 2016 · 1k+ posts · 2k+ votes6y
Originally posted by @Jaron Walling:
@Jim K. "Attractive tenant three months behind, any suggestions?"... Now you're trying to get me in trouble!
3 months behind and still wants to stay another 3 months, disregards the eviction notice, and asking for their deposit back... Do it, do it, do it! It's friyay!!!
Originally posted by @Russell Brazil:
Im sure that post will surpass the 100 vote mark. Ive got a number of posts that have passed the 100 vote mark. Thats why Im #2 in votes behind you Jay without having near the number of posts you got, or some of the guys in the top 10 have.
Shots fired! lol
I like how some people are still taking the OP seriosuly...
- Multifamily Syndicator · Houston, TX · Member since 2016 · 1k+ posts · 2k+ votes6y
Originally posted by @Victor S.:
Originally posted by @Russell Brazil:
Im sure that post will surpass the 100 vote mark. Ive got a number of posts that have passed the 100 vote mark. Thats why Im #2 in votes behind you Jay without having near the number of posts you got, or some of the guys in the top 10 have.
Shots fired! lol
I like how some people are still taking the OP seriosuly...
I know right, it's probably because it is somewhat similar to the real posts you sometimes see people post lol 😳
This whole thread, while an excellent troll, is also a great way to figure out who reads all the posts before replying and those who can't be bothered to get all the info before sharing their opinion...
Thanks for the public service @Jaron Walling!!!
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