Why do YOU purchase income properties?

Question

Really curious why investors purchase income properties, is it so you can live off the cash flow for retirement, fund your children's college tuition, quit your day job or maybe some other reason?  Just curious to know where the real estate investors minds are at these days :)

Rocky V. · Answer

FREEDOM!  "Cash is good but cash flow is great" and will set you free to do what you want, when you want, with whomever you choose :)

Chris K. · Answer

Pretty much everything you've mentioned. But my biggest reason is to have as much control over my life as possible. My family and I won't have to depend on a boss who can flip my living situation upside-down just because they are having a bad day. I will be able to have much more control over how much money I make and how it's made. I don't want to have to be on anyone elses time but mine. At that point the only thing I will have to worry about getting in my way are my health and the government.

Account Closed · Answer

I'd like to be financially independent, both so I don't have to depend on someone else to give me a paychecka and so I have the freedom to go where I want when I want. There's still work involved with owning income properties, but you can almost completely outsource it if you find a good property manager.

Pat L. · Answer

Security & self esteem ...

I just left our favorite contractor supply store. All the long term (17-37 years) staff are gone after the minimum amount of notice. The new much younger staff have limited knowledge about construction etc, but they have great tats.

I know so many people who are simply enslaved by the 9-5 grind & barely survive pay to pay. Their idea of retirement planning is being forced out by HR, then working part time at some menial JOB to supplement SS & just hope to survive.

Account Closed · Answer

im doing it early so i can have enough rental income to cover all of my expenses.

Richard C. · Answer

It is an important part of my retirement planning.  Not critical, but maybe the difference between snowbirding at a condo in Ft. Lauderdale and snowbirding at a beach house in the Bahamas.

Also, having the ability to gift my children with starter homes in our immediate area is how I intend to fulfill my wife's primary ambition in life, which is to have her (eventual) grandchildren living nearby.

Engelo Rumora · Answer

Thanks Carrie,

My reason is to enable my loved ones and myself to have a life that we all desire ;)

Thanks and have a great day.

Chris Masons · Answer

To increase my monthly income primarily, to build wealth over time IE. appreciation, tax shelter benefits Etc.) Also, I enjoy managing a nice property with great tenants. While I am creating more cashflow I am also providing a service to great tenants... most of the time  :)

In a nut shell I love passive income via rental income and secondly I love other people's money working for me IE. buying me a building over long term time horizon.

Chris

Elizabeth Colegrove · Answer

As I talk about in my blog, we are buy and hold investors in real estate for early retirement. Our goal is for my husband to be able to permanently retire once e leaves the military with a navy pension. We have live all over with the military and our goal is to not be reliant on a paycheck from an employer but be able to self fund.

Our short term goals are for the investment to make enough money that they can self - fund themselves so I can quit my job, start/raise or family while I manage and grow the investments to our above goal. Therefore we are investing for long not short term goals.

Joe Villeneuve · Answer

Cash flow is forever, flip profits have a shelf life.  If you just flip for profit, all you've done is exchange living from check to check, to living from flip to flip...and there's no guarantee there will be a check waiting for you every week on flips.

Joe VilleneuveREcapsystemA2REIC

Why do YOU purchase income properties?

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