Rental Property Investor · Pittsburgh, PA · Member since 2015 · 712 posts · 173 votes
So i feel and have heard comments about me getting rich while the contractors or employees do work for me which i feel isnt there business. They dont understand it and it makes me angry and mad but do feel exactly where they are coming from and feel bad. How do i keep this from happening think im getting the reputation of being some real estate rich kid and having people make me rich while i sit back?
This isn't the first time you've posted about how envious the people around you are. Yet look at your profile pic. There you are, shirtless and buffed out to display how much leisure time you have to spend at the gym, having fun in a world where everything is easy. I think it's probably safe to assume much of your social media exposure is like that, too.
What kind of car do you drive? Where do you buy your shoes? How many outward signs of wealth and status do you exhibit?
And how much wealth did you inherit or how many gifts did you receive to get your business going? Is there any truth to the rumor of you being a "real estate rich kid"? If there is, well, welcome to the reality of never being able to live it down.
On the other hand, if you feel compelled to protest that nobody gave you anything and you had to work for every penny of it, you need to make sure that's what you look like. Holes in your shirt and drive a s***box where anyone can see you. When you travel, you have to do it for "family reasons" (practice your sad look in the mirror). If you get a tan in Western PA, it sticks out, as you know.
Do you live in a personal castle and frequently have people over so they can look at it and understand how successful you are? Do you talk to other people about how many rental properties you own, or how many high-end homes you've flipped, or the multifamily you're looking at for your next buy? If you are, you need to drink a big glass of ****.
This is real estate. It's a brutal business. Suck it up, Buttercup.
Hudson, NC · Member since 2016 · 17 posts · 5 votes
8y
Dude why do you care what people think of you. Stop being an approval seeking sissy. These people don’t know anything about you and your letting what they say about you get to you. I work in construction building houses everyday working my tail off to get where your at. You should be proud of that. 8 out of ten people I work with, I can’t go a day without hearing them talk trash about the people we work for. He’s stupid, he doesn’t no how to run a job, he’s lazy, and the truth is their jealous Whiney a**es who have to talk crap the make their selves feel better because their not doing what your doing. your giving them an opportunity to make money.if they didn’t want to do it they wouldn’t be their.
@Derrick E. well that just goes to show there are judgemental people wearing both blue and white collars...none better than the other
'
Never said one was better than the other. If someone wants to talk to me about hard work their hands better have callouses, blisters, cuts/scrapes, etc when they go to shake my hand. If not then I can't take them serious.
Fort Worth, TX · Member since 2018 · 20 posts · 7 votes
8y
@Derrick E. I see where you're coming from, you mean hard MANUAL work.
Just to give you a different perspective on other types of hard work, there are people with desk jobs that put in 80+ hours a week for entry level analyst positions. I don't envy those hours but I hear if they stick around long enough before they burn out they hit the 6 figure income mark by getting a bonus at year end. I hear most never make it long enough to see the bonus and 6 figures...
I don't know about you but 80+ hours a week is respectable in my book even if it's not manual labor, especially if they haven't gone crazy behind the desk or jumped out the window...that type of work is mentally taxing
Rental Property Investor · Glens Falls, NY · Member since 2016 · 176 posts · 169 votes
8y
oh, and to the OP- you are far from a humble person.. All it takes it a quick glance through your posts. For example, your thread about "Friends and family wanting to copy what I do" because you "Came from the bottom". Congratulations, a lot of people have and many will continue.. You should be MORE than happy to help them out, Give them advice, and help them learn but clearly you're just in it for yourself and the money. It's harder to hold onto something than it is to obtain it.. stay humble.
on top of all that you ask pretty basic questions about running numbers- ya know... the easiest part of real estate. Seems to me as if you're a massive wanttrepreneur.
Thread about talking finances with your father? he only makes 175k? Tell me again how hard you had it growing up.
Fort Worth, TX · Member since 2018 · 20 posts · 7 votes
8y
@Dylan Mejo yeah, you're right.
On another note regarding"stealth wealth", how do you go about accomplishing that if you intend on house hacking in a 2-4 multifamily and your tenants are your neighbors?
On another note regarding"stealth wealth", how do you go about accomplishing that if you intend on house hacking in a 2-4 multifamily and your tenants are your neighbors?
You see, this is the break in perception that interests me most. Derrick is talking about one thing, you're talking about another, and ne'er the twain shall meet. I can understand your point, Michael, but when you come home aching all over for weeks on end every summer, seven days a week because you had to use all the sunlight there was in the day, and the physical exhaustion shuts down your brain no matter how much you wish you could keep thinking, I don't think it's quite the same thing. Nobody at your white-collar job is going to lose a foot or end up in a wheelchair if they lose focus.
On the other hand, blue-collar people don't know the joy of being asked to draw seven red lines, all of them strictly perpendicular to each other, some with green ink, some with transparent ink, all while your manager insists, "There is no such thing as impossible!" The mind-numbing hum of a cubicle farm, the little family pictures on every desk, the chronic stress levels carefully maintained by bosses always ready with the stick and grudgingly offering the carrot only when forced to. The crisis management that forces you to lurch from one counter-productive activity to the other. The email that ruins your day. The jockeying for position in the office politics. The smarmy appeals for synergy. The way Nadia in Accounting always, always just lays her sticky coffee stirrer down on the break room table instead of throwing it away. That boss who is always spreading cheer and blame and keeps up his tan and teeth-bleaching in January.
Fort Worth, TX · Member since 2018 · 20 posts · 7 votes
8y
@Jim K. that's pretty much what I was trying to show, there are differing kinds of hard work from different perspectives.
Lol, nice descriptions. It seems like you've been in both trenches.
Rental Property Investor · Pittsburgh, PA · Member since 2015 · 712 posts · 173 votes
8y
@Jim K. I used to do the construction side of things but did bare minimum to get my company up and running. I realized that it is good to def know all the skills so you can know what to look for. But is my time better spent swigging a hammer or contracting that out and finding more deals and growing the business. The money is on the investor side and its a shame and since i started ive always felt bad for the construction guys and very much so respected them for it. Guess just how it goes its sad really.
Rental Property Investor · Pittsburgh, PA · Member since 2015 · 712 posts · 173 votes
8y
@Account ClosedWhen ive said that about friends and family wanting to copy me it was because they never wanted to be my friend or have anything to do with me before that because i was some construction worker. They looked down on me and now they wanna come out and be my best friend. So what ive learned and educated myself about i should give away to the people who never spoke to me and were ******** to me? Never said only 175K likes its no big money if i did say it then huge mistake. He just literally got to that point after retiring from the army. When he is very proud and happy to make that because its never been close to that.
Rental Property Investor · Pittsburgh, PA · Member since 2015 · 712 posts · 173 votes
8y
@Account Closed Wouldnt it be hard to say im a wantrepreneur? When i started with $15,000 and turned into $1,000,000? Yea your right this is a messed up thread because of the way you perceived me and took things.
Would your time be best spent teaching others how to swing a hammer? What I mean is that we're structured much like a small construction company, not an investment outfit. A construction company leans very heavily on its team leads. Training excellent team leads is perhaps the most difficult part of running a good outfit.
@Account Closed Wouldnt it be hard to say im a wantrepreneur? When i started with $15,000 and turned into $1,000,000? Yea your right this is a messed up thread because of the way you perceived me and took things.
Congrats, there you go boasting again.
A million? BIG DEAL- that’s not a lot of money. perspective.
Most wealthy people don’t go around trying to flaunt their 1 mil of non liquid cash.
Rental Property Investor · Pittsburgh, PA · Member since 2015 · 712 posts · 173 votes
8y
Dylan Mejo not boasting just telling you saying after ur comments i came from $15,000 i saved to 1 million which is alot to me and isnt alot for people on here and obviously your self and far from wealthy a long way to go.
Real Estate Investor · Member since 2016 · 2 posts · 0 votes
8y
Just do you
If you earned it, your money and your muscles and they're jealous, **** em!
Don't work with people with such frail egos. When I was younger and building homes I had many subs who were jealous and it was obvious. And don't listen to all the *** clowns on here telling you to be something your not. You can be humble and confident too and you will inspire the RIGHT PEOPLE by being exactly who you are.
Flipper/Rehabber · Montgomery, NY · Member since 2016 · 2k+ posts · 1k+ votes
8y
@Joshua D. exactly what comments and who did it come from?
I can honestly say I have never had a contractor make a comment about my wealth, how much money they perceive I am making, or how lucky I am. Actually most seem to be happy to be working on the job, not making snide remarks.
I can't give you any advice that would be new to this thread, but my wife made a great comment the other night.
"If you can't change what people think or say the only thing you can change is your reaction". If a contractor comments about you being some lucky, wealthy kid, you can change your reaction and possible earn their respect.
Investor · Cumming, GA · Member since 2016 · 153 posts · 34 votes
8y
I thought the same thing when my septic guy drove up in a jacked up Chevy Silverado 2500 Rocky Ridge Metal Mulisha that he almost needed a ladder to get into. I was thinking, "This guy must really be making a killing off of me," but I said, "Wow, nice truck!" He bashfully explained that his wife bought it for him, because he works really hard and she thought he deserved it. He said, "I would have never bought this for myself, I was happy with my old truck." Then I thought about how much sh!# he deals with on a daily basis, and cut him some slack. I still use him for my septic jobs.
Flipper/Rehabber · Tacoma, WA · Member since 2018 · 13 posts · 12 votes
8y
Try to look at the world through other people's eyes. It sounds easier than it actually is. It's a daily practice for me but it has built self-awareness and empathy.If you can see what others see in you then you can anticipate these negative feelings they are having and change your behavior and attitude to reflect the kind of person you want to see in the mirror.I try to treat all my employees with respect and give without expectation. My business and personal relationships have thrived as a result. I'd recommend listening to this book. Good luck Joshua D. https://www.audible.com/pd/Business/The-Go-Giver-E...
Flipper · Washington, DC · Member since 2016 · 36 posts · 27 votes
8y
@Derrick E. That's a pretty narrow view. The point of hard work isn't to work hard forever. I started hand-blistering work at an age when most people we're busy playing hide and seek. And now the only occasional blisters I get are from the gym. Work smarter not harder
Rental Property Investor · Friendswood, TX · Member since 2010 · 663 posts · 508 votes
8y
I didn't read all the comments but your success is your vendor's success. Pay anyone you work with well. Overpay them. Let them know you appreciate them and their service. Be easy to work with , refer them so they get more business. Help them any way you can.
Use this formula and you will have the best team who will also recognize that your success will be their success.