Do you plan on eventually cashing out and moving away from real estate?
Most Popular Reply
Investor · Richmond, VA · Member since 2023 · 459 posts · 474 votes
2yI will be retiring from my w2 job in a few years and plan on using the SFH rentals as a way to stay busy without being too busy. My wife and I love real estate and I enjoy the maintenance since I like working with my hands,
We realize that we are going to have to do something to shed assets eventually simply because I am not interested in dying with a super high net worth but we won't be selling because we want to.
After 20 years of landlording I can honestly say that I love providing good homes to good people. I love how we help families, I love the game of buying houses, I love fixing them up and seeing the results....why sell?
152 Replies
Quote from @Leo Young:
No, the plan is to "buy and die", because the tax code in the US incentivizes this the most.
If you scale up to a point that it's too much hassle, then hire out someone to help, a property manager or even an asset manager.
Had to reply to this. While optimizing taxes, ROI, ROE, IRR, and all the other wiz bang math is great...is that the tail wagging the dog? I would think life is about QUALITY of life, not how to pay the least taxes when you die...
Which is really what this thread is all about, what is your goal with real estate and does it involve an exit from it? I guess for some, they need to scale so they can have the private jet lifestyle ASAP. Others just want enough to not work and are ok with getting the jet slowly.
Some I guess will never get tired of dealing with tenants or property managers (I've had to manage my recent trial of one this past year, they sucked). If I trusted the stock market, even an index fund tracking the S&P500, I'd probably keep the RE I have and focus more on investing in the stock market, but alas, I don't trust it, and most people I've met don't either. Yes, time in the market is key, but most, myself included, have had a tendency to gamble on stocks, lose our money and never truly hold. Now I'm trying big name companies and holding. So far so good. If it works out, I'll grow that more so I'm not as tied to managing rentals. The thing about rentals is, you're always exposed to risk of lawsuits more so than just being an everyday Joe.
Quote from @K S.:
Quote from @Henry Clark:
Quote from @K S.:
Quote from @Carlos Ptriawan:
Ok I thought Bill meant 20k/year not per month which is more than enough to retire but to put things into perspective, accoridng to the historical S&P 500 calculator, I could have acheived the same results as Bill with just $1M invested 16 years ago. Pulling just 5%/year of the 5M today is around 20k/month (and would still increase in value). That would net me aproximately the same cashflow as Bill but for absolutely zero time in. Despite the nuiances, I prefer the latter which is why I'm stopping at 10 properties after this build and will sell off some in retirement as streamlining your life becomes more important. I don't find it "fun" as others say to rent out houses you've never seen and will never live or vacation in. I would get rid of the rest and convert them into a steady income streams. Diversification is better anyways and some investments like your 401k can't be taken in a lawsuit.
I have plenty of colleagues that retired and soon to retire off their 401k and other market investments with millions at the same age as you guys but without the tenants, mortgages, lawsuites, maintenance, always searching, offering, closing and renovating, cpa headaches etc.
Totally agree with you $1mm investment versus $1mm investment I would rather do stock bonds.
But not included in the $20k per month is the appreciation value during that period also the leverage at point A. Most people don’t start with $1mm in savings at point A.
Real estate will always beat stocks bonds because the government set it up that way. 1031, 2 out of 5 primary, writeoffs, sweat equity, ADU value add, STR, MTR, etc. You can do options on stock but you can get calls. Not in houses if you're making payments.
Plus the best thing of all is when you fail in REI it's your fault.
I did add the appreciation value. My rough estimate is that both investments would work out to be near the same in the end. True, most wouldn't start with 1m. I think dolar cost averaging would net 3.2m so not as good but also, not everyone in RE did well either.
I do like the new ADU laws but everything you mentioned is still what makes RE not truly "passive" hence why I would sell in retirement. I woud sell time waisting properties in retirement to help streamline your life to add time for things that make you happy. If finding strangers to move into a house you've never seen, will never live in or vacation in is ones idea of "fun", then great but why not transfer homes into federally insured vehicles, some of which are protected against creditors and lawsuits. I haven't found any good answers other than I like landlording and stop being a hater.
What federally insured vehicles are you referring to? Treasury bills? CD's?
Quote from @Henry T.:
I have an exit plan to get out of Seattle(toxic), but tangible real estate is the best plan to keep generational wealth. If the kids want to sell after I kick, fine, but hopefully they will see the light. If you have it now, keep it, because obtaining real estate in the future will not get easier.
Brother, Seattle and the surrounding area are practically radioactive wasteland....
" I would think life is about QUALITY of life, not how to pay the least taxes when you die..."
well said......
& as we continue to lose many aging friends due to poor health, my wife found this quote insightful …
“the older we get the more I realize that the ultimate luxury is not wealth, but TIME” !!!- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Jack B.:
Quote from @K S.:
Quote from @Henry Clark:
Quote from @K S.:
Quote from @Carlos Ptriawan:
Ok I thought Bill meant 20k/year not per month which is more than enough to retire but to put things into perspective, accoridng to the historical S&P 500 calculator, I could have acheived the same results as Bill with just $1M invested 16 years ago. Pulling just 5%/year of the 5M today is around 20k/month (and would still increase in value). That would net me aproximately the same cashflow as Bill but for absolutely zero time in. Despite the nuiances, I prefer the latter which is why I'm stopping at 10 properties after this build and will sell off some in retirement as streamlining your life becomes more important. I don't find it "fun" as others say to rent out houses you've never seen and will never live or vacation in. I would get rid of the rest and convert them into a steady income streams. Diversification is better anyways and some investments like your 401k can't be taken in a lawsuit.
I have plenty of colleagues that retired and soon to retire off their 401k and other market investments with millions at the same age as you guys but without the tenants, mortgages, lawsuites, maintenance, always searching, offering, closing and renovating, cpa headaches etc.
Totally agree with you $1mm investment versus $1mm investment I would rather do stock bonds.
But not included in the $20k per month is the appreciation value during that period also the leverage at point A. Most people don’t start with $1mm in savings at point A.
Real estate will always beat stocks bonds because the government set it up that way. 1031, 2 out of 5 primary, writeoffs, sweat equity, ADU value add, STR, MTR, etc. You can do options on stock but you can get calls. Not in houses if you're making payments.
Plus the best thing of all is when you fail in REI it's your fault.
I did add the appreciation value. My rough estimate is that both investments would work out to be near the same in the end. True, most wouldn't start with 1m. I think dolar cost averaging would net 3.2m so not as good but also, not everyone in RE did well either.
I do like the new ADU laws but everything you mentioned is still what makes RE not truly "passive" hence why I would sell in retirement. I woud sell time waisting properties in retirement to help streamline your life to add time for things that make you happy. If finding strangers to move into a house you've never seen, will never live in or vacation in is ones idea of "fun", then great but why not transfer homes into federally insured vehicles, some of which are protected against creditors and lawsuits. I haven't found any good answers other than I like landlording and stop being a hater.
What federally insured vehicles are you referring to? Treasury bills? CD's?
I have to say if folks is good in managing portfolio of stock and do proper hedging, they can make more than real estate. Portfolio Manager can sustain winning in long term. Folks that's strong in tech, financial, can easily grasp investment/trading with higher reward/risk.
Real estate is actually more for real actual entrepreneur. The best background for folks in this industry is civil engineering, architect, trade specialist and so on.These are two very different skillsets. Managing real asset and managing portfolio of company is vastly different.
Things get destroyed when newbie enter these two fields with the spirit of "passive investment" - Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Jack B.:
Quote from @Leo Young:
No, the plan is to "buy and die", because the tax code in the US incentivizes this the most.
If you scale up to a point that it's too much hassle, then hire out someone to help, a property manager or even an asset manager.
Had to reply to this. While optimizing taxes, ROI, ROE, IRR, and all the other wiz bang math is great...is that the tail wagging the dog? I would think life is about QUALITY of life, not how to pay the least taxes when you die...
Which is really what this thread is all about, what is your goal with real estate and does it involve an exit from it? I guess for some, they need to scale so they can have the private jet lifestyle ASAP. Others just want enough to not work and are ok with getting the jet slowly.
Some I guess will never get tired of dealing with tenants or property managers (I've had to manage my recent trial of one this past year, they sucked). If I trusted the stock market, even an index fund tracking the S&P500, I'd probably keep the RE I have and focus more on investing in the stock market, but alas, I don't trust it, and most people I've met don't either. Yes, time in the market is key, but most, myself included, have had a tendency to gamble on stocks, lose our money and never truly hold. Now I'm trying big name companies and holding. So far so good. If it works out, I'll grow that more so I'm not as tied to managing rentals. The thing about rentals is, you're always exposed to risk of lawsuits more so than just being an everyday Joe.
What people does not understand is this :
if you just want to get cash-flow, people can just invest in note funds for 8-12% ; BUT you could do the same strategy with portfolio of hedge-dividend stock that also gives 9-12% SAFELY. There're few asset manager that offer this if you dont want to do this yourself.
Having said that, best strategy for now is chasing appreciation, after few years, sell that house and re-invest the cash-position to HML or hedged-portfolio-of dividend. The result would be the same Without the capex of real estate.
This is why I started liquidating small cash flow property as well and would do BRRR/flips only as too much time wasted chasing 100 bucks a month while I can do the same with dividend-portfolio. interesting read
we have never gone into a property with less than a 16% ROI. After many years the ROI on those same properties increased significantly as rents doubled, tripled, quadrupled, as well as capital appreciation. The eventual sale & seller financing of many of our rentals then achieved more significant returns as the notes @ 9-12% were on the inflated sale price usually 2-4x our original investment. My BIL the MBA financial guru consultant, who told us we were doing everything in RE wrong, still has a hard time wrapping his mind around those returns.
Personally, I can't imagine achieving returns like that with professionally managed equities & after 40 years of JUST equities, (my still working @ 70) BIL's financial results are nothing like ours.
- Member since 2019 · 7k+ posts · 4k+ votes2y
There is institution fund outthere that can give minimal-risk 10% cashflow by buying corporate bonds and hedge it by shorting the underlying. I've checked their track record they never lose money (or perhaps they have not yet enter a black swan event lol). lol, but the minimum is half million bucks. But after further research I could do the same arbitrage lol, so cash-flow is not really problem for me right now.
I think one good aspect of real estate is that because it's always in short-supply,so even the low-educated homeowner is almost always win and we don't need to be very advanced in financial/engineering like in equity investment. In real-estate the easiest way to create alpha is by doing value-add play. - Investor · Fort Lauderdale, FL · Member since 2015 · 83 posts · 51 votes2y
@John Morgan
Congrats on building such a successful portfolio! What do you mean by "tax free cashflow"?
- 2yJohn MorganPro MemberRental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votesThe tax code makes real estate passive income tax free with all the write offs and depreciation. Can’t beat this kind of investment!
Quote from @Ghenia Flewellyn:
@John Morgan
Congrats on building such a successful portfolio! What do you mean by "tax free cashflow"?
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @John Morgan:
The tax code makes real estate passive income tax free with all the write offs and depreciation. Can’t beat this kind of investment!Quote from @Ghenia Flewellyn:
@John Morgan
Congrats on building such a successful portfolio! What do you mean by "tax free cashflow"?
tax code was written by real estate guy lol
- Investor · Fort Lauderdale, FL · Member since 2015 · 83 posts · 51 votes2y
@John Morgan
Ah. Ok. Yes, I thought so. Just wanted to make sure I wasn't missing anything 25 years in lol..thank you!
- 2yJohn MorganPro MemberRental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votesAnd hopefully it stays this way. Otherwise I’m selling it all! lol
Quote from @Carlos Ptriawan:
Quote from @John Morgan:
The tax code makes real estate passive income tax free with all the write offs and depreciation. Can’t beat this kind of investment!Quote from @Ghenia Flewellyn:
@John Morgan
Congrats on building such a successful portfolio! What do you mean by "tax free cashflow"?
tax code was written by real estate guy lol
Quote from @Carlos Ptriawan:
There is institution fund outthere that can give minimal-risk 10% cashflow by buying corporate bonds and hedge it by shorting the underlying. I've checked their track record they never lose money (or perhaps they have not yet enter a black swan event lol). lol, but the minimum is half million bucks. But after further research I could do the same arbitrage lol, so cash-flow is not really problem for me right now.
I think one good aspect of real estate is that because it's always in short-supply,so even the low-educated homeowner is almost always win and we don't need to be very advanced in financial/engineering like in equity investment. In real-estate the easiest way to create alpha is by doing value-add play.We saw this in 2020-2022. Terrible flips that were cosmetically **** and/or ran over budget still made out like bandits.
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @V.G Jason:
Quote from @Carlos Ptriawan:
There is institution fund outthere that can give minimal-risk 10% cashflow by buying corporate bonds and hedge it by shorting the underlying. I've checked their track record they never lose money (or perhaps they have not yet enter a black swan event lol). lol, but the minimum is half million bucks. But after further research I could do the same arbitrage lol, so cash-flow is not really problem for me right now.
I think one good aspect of real estate is that because it's always in short-supply,so even the low-educated homeowner is almost always win and we don't need to be very advanced in financial/engineering like in equity investment. In real-estate the easiest way to create alpha is by doing value-add play.We saw this in 2020-2022. Terrible flips that were cosmetically **** and/or ran over budget still made out like bandits.
that's me lol haha I only changed windows and do exterior painting to that duplex ... .... lol funny if I sell that duplex now compare to 2022 , 2022 sale price is still higher
Quote from @Carlos Ptriawan:
Quote from @V.G Jason:
Quote from @Carlos Ptriawan:
There is institution fund outthere that can give minimal-risk 10% cashflow by buying corporate bonds and hedge it by shorting the underlying. I've checked their track record they never lose money (or perhaps they have not yet enter a black swan event lol). lol, but the minimum is half million bucks. But after further research I could do the same arbitrage lol, so cash-flow is not really problem for me right now.
I think one good aspect of real estate is that because it's always in short-supply,so even the low-educated homeowner is almost always win and we don't need to be very advanced in financial/engineering like in equity investment. In real-estate the easiest way to create alpha is by doing value-add play.We saw this in 2020-2022. Terrible flips that were cosmetically **** and/or ran over budget still made out like bandits.
that's me lol haha I only changed windows and do exterior painting to that duplex ... .... lol funny if I sell that duplex now compare to 2022 , 2022 sale price is still higher
2022 sale price higher yet we'll have higher inflation all of 2023. Means real value of house went down a lot more, adjusted for inflation. Yet people still don't see this.
- 2yAxel MeierhoeferPro MemberRental Property Investor · Escondido, CA · Member since 2017 · 684 posts · 550 votes
I started way too late to create my SFR portfolio. Now I am approaching retirement age and still have my investment properties laden with mortgages. I plan to work diligently to get rid of the mortgages of some of the properties to make my passive income more stable. My "exit strategy" is not to sell the properties but to modernize it. My current portfolio is mainly renovated houses and I will 1031 exchange into BTR. In the next 3-5 years I plan to convert to BTR, get them insured both on internal systems and rent, and then spend maybe 2 hours/month to manage my PMs.
- Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes2y
Do what you love! If you love RE, why get out of it? I think most of us like the hussle and it is not the destinantion that gives us satisfaction, but the progress we make towards our goals. Milestones are more fun than the finish line.
I technically retired in 2015, but realized I am not happy without a challenge, got licensed, started a team and a YouTube channel.
Our portfolio is already pretty optimized, but who knows what we will do in 10 years. Maybe sell a portion of the least favorite and 1031 consolidate into larger commercial deals? Shift focus more to lending and be the bank for others?
Meanwhile, we work hard and play hard. I work most weekends, but in exchange we take at least 6 vacations per year. I am excited for the next one: I'll be in Patagonia most of January on hopefully an epic ride of 3000 back country miles on a motorcycle. I want to do these things as long as I am physically in shape, I'll save the cruise ship trips for later.
There are so many ways you can structure RE: eliminate what you don't like and forcus on the things that you enjoy. If your low income tenants are a pain to manage, maybe trade into better neighborhoods or into commercial, outsource to a PM, so many options.
- Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 17k+ votes2y
To answer the original question: yes, I will likely sell the entire portfolio at a certain point. By then I will want to cash out my appreciation and scale back on my active involvement. SFR/MFR can never be purely passive, and as I get older time will be a lot more important than the money I'll never live long enough to spend all of it. My heirs are going to get a nice inheritance anyway and no one shows any interest in managing a real estate rental business. I could set the whole thing up in a trust, and it may still happen, but once I have no hope of outliving the money why would I want to be bothered managing anyone?
As mentioned before quality of life is what's most important to me. For some people leaving a functional portfolio behind as their legacy is important, which is great. As I inch closer to 60 I find that owning my time is more important to me than any additional cash.
Skyline Properties - Realtor · Dallas - Fort Worth Metroplex, TX · Member since 2016 · 1k+ posts · 925 votes2y
@Jack B. Simply put Never. I would not put money into the stock market.
People always need a home, someplace to live.
The larger the portfolio the easier it is to have someone else manage it for you. So what, you collect a little bit less in CF without any stress or headaches. Just my opinion.
- Member since 2019 · 7k+ posts · 4k+ votes2y
More I think about it :
1) May Sell property out of state.
2) hold local property as long as possible, with exception if moving out of state.
3) if I can continue buying primary and do BRRR by convert it into multiple rentable unit/DSCR > 1.0 ; HELOC it or refinance it, then the needs
to sell is even lower, because I can hold it forever without causing single issue. - 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Marcus Auerbach:
Do what you love! If you love RE, why get out of it? I think most of us like the hussle and it is not the destinantion that gives us satisfaction, but the progress we make towards our goals. Milestones are more fun than the finish line.
I technically retired in 2015, but realized I am not happy without a challenge, got licensed, started a team and a YouTube channel.
Our portfolio is already pretty optimized, but who knows what we will do in 10 years. Maybe sell a portion of the least favorite and 1031 consolidate into larger commercial deals? Shift focus more to lending and be the bank for others?
Meanwhile, we work hard and play hard. I work most weekends, but in exchange we take at least 6 vacations per year. I am excited for the next one: I'll be in Patagonia most of January on hopefully an epic ride of 3000 back country miles on a motorcycle. I want to do these things as long as I am physically in shape, I'll save the cruise ship trips for later.
There are so many ways you can structure RE: eliminate what you don't like and forcus on the things that you enjoy. If your low income tenants are a pain to manage, maybe trade into better neighborhoods or into commercial, outsource to a PM, so many options.
for me real estate ( those of us who derive our commission income from it) this is a lifestyle choice we are independent contractors and as such we have freedom to do whatever we want.. So I have never looked at it as a Job.. its a lifestyle choice. has not always been a bed or roses but it creates new challenges every day you learn new things every day and you meet a lot of GREAT people and well you can meet a lot of not so great people as well. Its all a matter of perspective.. As for Agents if your not working weekends at least in the beginning your not doing all the much on the revenue side. Although the U tube revenue is new to agents in the last decade.
How we all choose to spend our hard earned net earnings is a very personal choice.. We see this on BP when the talk of automobiles comes up.. you have the guy with 5 rentals and driving a beat up 200k mile Toyota and damn proud of it.. :) And then others talking about the Hot sports car they want to buy.. Or the long threads on Tesla' .for me personally we live in the Jet age. So there is more to life than collecting doors and dealing with PMS and tenants.
Marcus, I am sure your probably aware but there is a cool Ride that starts on the West coast I think in Oregon and ends up in the Great plains all on dirt tracks going through the all the Awesome open spaces of the North West and through the Deserts and Rockies.. Bloncoliro Channel has U tubes showing the trip is was 2k miles or so looked pretty cool for those that like to ride on Dirt tracks and get out in the boonies.. - Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes2y
Quote from @Jay Hinrichs:
Quote from @Marcus Auerbach:
Do what you love! If you love RE, why get out of it? I think most of us like the hussle and it is not the destinantion that gives us satisfaction, but the progress we make towards our goals. Milestones are more fun than the finish line.
I technically retired in 2015, but realized I am not happy without a challenge, got licensed, started a team and a YouTube channel.
Our portfolio is already pretty optimized, but who knows what we will do in 10 years. Maybe sell a portion of the least favorite and 1031 consolidate into larger commercial deals? Shift focus more to lending and be the bank for others?
Meanwhile, we work hard and play hard. I work most weekends, but in exchange we take at least 6 vacations per year. I am excited for the next one: I'll be in Patagonia most of January on hopefully an epic ride of 3000 back country miles on a motorcycle. I want to do these things as long as I am physically in shape, I'll save the cruise ship trips for later.
There are so many ways you can structure RE: eliminate what you don't like and forcus on the things that you enjoy. If your low income tenants are a pain to manage, maybe trade into better neighborhoods or into commercial, outsource to a PM, so many options.
for me real estate ( those of us who derive our commission income from it) this is a lifestyle choice we are independent contractors and as such we have freedom to do whatever we want.. So I have never looked at it as a Job.. its a lifestyle choice. has not always been a bed or roses but it creates new challenges every day you learn new things every day and you meet a lot of GREAT people and well you can meet a lot of not so great people as well. Its all a matter of perspective.. As for Agents if your not working weekends at least in the beginning your not doing all the much on the revenue side. Although the U tube revenue is new to agents in the last decade.
How we all choose to spend our hard earned net earnings is a very personal choice.. We see this on BP when the talk of automobiles comes up.. you have the guy with 5 rentals and driving a beat up 200k mile Toyota and damn proud of it.. :) And then others talking about the Hot sports car they want to buy.. Or the long threads on Tesla' .for me personally we live in the Jet age. So there is more to life than collecting doors and dealing with PMS and tenants.
Marcus, I am sure your probably aware but there is a cool Ride that starts on the West coast I think in Oregon and ends up in the Great plains all on dirt tracks going through the all the Awesome open spaces of the North West and through the Deserts and Rockies.. Bloncoliro Channel has U tubes showing the trip is was 2k miles or so looked pretty cool for those that like to ride on Dirt tracks and get out in the boonies..Jay I am not, this is new to me, but I'll look that up! This is going to be a bit of an adventure for me: I used to ride fast street bikes back in Austria; this will be my first time on an adventure bike and off road. I have physically prepared as much as possible, fingers crossed I'll get the hang of it quickly.. But we have a good team, 2 support vehicles, experienced guides. Should be good.
On a philosophical level, now is the time in my life to do this: when I was young, I did not have the money. Then I did not have the time. And in ten year I may not by physically in shape to fall of a dirt bike without breaking my hips. I took this out of Tim Ferris' book: don't delay all the fun stuff to your retirement. And the reason why we are all in REI isn't it?
- Member since 2019 · 7k+ posts · 4k+ votes2y
Quote from @Marcus Auerbach:
Quote from @Jay Hinrichs:
good spirit !that's key point in there :-)
dont wait to wait to buy your dream STR post retirement but buy it while you're on your productive age and enjoy as much as sport as you can !
- 2yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @Marcus Auerbach:
Quote from @Jay Hinrichs:
Quote from @Marcus Auerbach:
Do what you love! If you love RE, why get out of it? I think most of us like the hussle and it is not the destinantion that gives us satisfaction, but the progress we make towards our goals. Milestones are more fun than the finish line.
I technically retired in 2015, but realized I am not happy without a challenge, got licensed, started a team and a YouTube channel.
Our portfolio is already pretty optimized, but who knows what we will do in 10 years. Maybe sell a portion of the least favorite and 1031 consolidate into larger commercial deals? Shift focus more to lending and be the bank for others?
Meanwhile, we work hard and play hard. I work most weekends, but in exchange we take at least 6 vacations per year. I am excited for the next one: I'll be in Patagonia most of January on hopefully an epic ride of 3000 back country miles on a motorcycle. I want to do these things as long as I am physically in shape, I'll save the cruise ship trips for later.
There are so many ways you can structure RE: eliminate what you don't like and forcus on the things that you enjoy. If your low income tenants are a pain to manage, maybe trade into better neighborhoods or into commercial, outsource to a PM, so many options.
for me real estate ( those of us who derive our commission income from it) this is a lifestyle choice we are independent contractors and as such we have freedom to do whatever we want.. So I have never looked at it as a Job.. its a lifestyle choice. has not always been a bed or roses but it creates new challenges every day you learn new things every day and you meet a lot of GREAT people and well you can meet a lot of not so great people as well. Its all a matter of perspective.. As for Agents if your not working weekends at least in the beginning your not doing all the much on the revenue side. Although the U tube revenue is new to agents in the last decade.
How we all choose to spend our hard earned net earnings is a very personal choice.. We see this on BP when the talk of automobiles comes up.. you have the guy with 5 rentals and driving a beat up 200k mile Toyota and damn proud of it.. :) And then others talking about the Hot sports car they want to buy.. Or the long threads on Tesla' .for me personally we live in the Jet age. So there is more to life than collecting doors and dealing with PMS and tenants.
Marcus, I am sure your probably aware but there is a cool Ride that starts on the West coast I think in Oregon and ends up in the Great plains all on dirt tracks going through the all the Awesome open spaces of the North West and through the Deserts and Rockies.. Bloncoliro Channel has U tubes showing the trip is was 2k miles or so looked pretty cool for those that like to ride on Dirt tracks and get out in the boonies..Jay I am not, this is new to me, but I'll look that up! This is going to be a bit of an adventure for me: I used to ride fast street bikes back in Austria; this will be my first time on an adventure bike and off road. I have physically prepared as much as possible, fingers crossed I'll get the hang of it quickly.. But we have a good team, 2 support vehicles, experienced guides. Should be good.
On a philosophical level, now is the time in my life to do this: when I was young, I did not have the money. Then I did not have the time. And in ten year I may not by physically in shape to fall of a dirt bike without breaking my hips. I took this out of Tim Ferris' book: don't delay all the fun stuff to your retirement. And the reason why we are all in REI isn't it?
https://thedyrt.com/magazine/lifestyle/trans-america-trail/ If you find Juan Browne's Bloncoliro channel he chronicles this adventure from start to finish.. Really cool U tuber American Airlines pilot as well so he does a lot of aviation stuff as well..
I found it
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