Whats your motivation in real estate?

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Jaron WallingPro Member
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
7y

My motivation is learning new things, achieving goals, and providing knowledge to people. I like challenges and meeting people. I want to create deals that make everyone happy. 

If I make some money along the way that's great. Cheers!

15Reply
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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    7y

    My motivation is learning new things, achieving goals, and providing knowledge to people. I like challenges and meeting people. I want to create deals that make everyone happy. 

    If I make some money along the way that's great. Cheers!

    15Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y

    for my wife and I its a lifestyle choice.. and the by product has been a nice living and a lot of freedom to choose who and where we work .. its hard work but its enjoyable ( most of the time)

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    8Reply
  • Dieter W.
    Jupiter, FL · Member since 2019 · 22 posts · 13 votes
    7y

    Honestly it’s all about the money and retirement freedom.

    12Reply
  • Ramon Mota
    Investor · Northern California · Member since 2018 · 48 posts · 9 votes
    7y

    Pay for my kids college fund, help with retirement, give a little, and leave it to the my kid when I'm gone. 

    7Reply
  • John Teachout
    Rental Property Investor · Concord, GA · Member since 2015 · 3k+ posts · 3k+ votes
    7y
    It's our job and 95% of our income is from rentals. So we do it for the money and hopefully build some equity that can be turned into passive income when we're no longer able to manage and maintain the properties.
    6Reply
  • Damaso Bautista
    Rental Property Investor · Hawthorne, CA · Member since 2018 · 655 posts · 900 votes
    7y

    @Jessica Krueger

    My motivation is very much in line with Ramon's.  Real estate had given me the opportunity to pay for both of my kids University Education so that they don't have to graduate with any student loans. 

    It also has given me the opportunity to leave each of my kids a home in the future. 

    It has also given me the option of downsizing without leaving the Los Angeles area by building an ADU in the back yard of one of my properties.

    Other than that its like a hobby for me.  Looking at properties and running numbers.  If I see something that makes sense for me then I'll get it if not then I don't.  I don't make my living off of real estate, I have just been lucky in it.

    @Ramon Mota 

    Pay for my kids college fund, help with retirement, give a little, and leave it to the my kid when I'm gone.

    4Reply
  • Corey Hawkinson
    Rental Property Investor · Bloomington, MN · Member since 2019 · 404 posts · 542 votes
    7y

    @Jessica Krueger Financial freedom. I want the ability to retire early. I might not actually retire early, but I want the opportunity to decide.

    4Reply
  • Mike Nelson
    Investor · Oak Park, IL · Member since 2014 · 316 posts · 150 votes
    7y

    To get really rich.

    6Reply
  • Eric Ramsay
    Real Estate Agent · Aberdeen, MD (21001) · Member since 2019 · 9 posts · 10 votes
    7y

    Have my home free and clear, have a family lake cabin free and clear, be able to take 2-3 months off every year during the holiday dead season, and eventually generate $40k+ / yr in semi-passive rental property income to supplement the cyclicality of the business! Lets get it!!! :D 

    4Reply
  • Mike Dymski
    Investor · Greenville, SC · Member since 2016 · 5k+ posts · 13k+ votes
    7y

    financial security and freedom of choice

    8Reply
  • Michael A.
    Investor · Richmond, VA · Member since 2016 · 164 posts · 114 votes
    7y

    Personal fulfillment. My dream is to have a portfolio that can fund my own new construction. I am an architect.

    2Reply
  • Nick S.
    Algonquin, IL · Member since 2018 · 54 posts · 10 votes
    7y

    i'm still looking to buy my first property and take advantage of my dad being a general contractor. for me it's to learn. if i lose money, i'm ok with it because i've stalled for too long because i've been afraid to lose money. i've now gotten the courage to jump in because i'm in a much better spot financially having no debt, a nice income, and an opportunity fund that keeps growing. i've passed on so many opportunities in the past that i just want to learn. eventually i want to use this as a "passive" income stream while being able to flip as well. 

    3Reply
  • Jessica Krueger
    OP
    Flipper/Rehabber · University Place, WA · Member since 2019 · 11 posts · 10 votes
    7y

    @Nick S. "There are no rewards, if there are no risks" as they say. I think since your dent free, have good income and a fund that keeps growing its the perfect opportunity. I myself will be working on getting there before I really dive in further. Is your opportunity fund a savings? Any tips?

    1Reply
  • Mary M.
    Rental Property Investor · Portland OR · Member since 2018 · 2k+ posts · 3k+ votes
    7y

    money pure and simple  i am purely looking for income :)

    1Reply
  • Sam Foltz
    Member since 2019 · 15 posts · 21 votes
    7y

    @Jessica Krueger Live a fuller life. Experience more things. Make a difference in people’s lives in big and small ways. Grow through the challenges and conquer the fears we all have. Now that I have young children, before making most of my business decisions, I think about how it will impact the time I have with family and what it can teach us as a family together as well.

    4Reply
  • Atakilti Berhe
    Rental Property Investor · Austin, TX · Member since 2019 · 1 post · 9 votes
    7y

    @Jessica Krueger

    To avoid working all my life for corporate america and create something my own.

    9Reply
  • Nick S.
    Algonquin, IL · Member since 2018 · 54 posts · 10 votes
    7y
    Originally posted by @Jessica Krueger:

    @Nick S. "There are no rewards, if there are no risks" as they say. I think since your dent free, have good income and a fund that keeps growing its the perfect opportunity. I myself will be working on getting there before I really dive in further. Is your opportunity fund a savings? Any tips?

    love that quote. my opportunity fund is in one of my high yield savings. i have separate retirement accounts (through work and ira), separate taxable accounts (stocks/index funds), separate emergency fund, and a separate opportunity fund for things i can use if i want to buy real estate, fund one of my side hustles, buy stocks/index funds if the market crashes, use for vacation, etc. i keep this fund separate from my emergency fund both in high yield savings accounts. i need my opportunity and emergency funds to be liquid so i don't mind only getting a 2.xx% rate. happy to discuss further as personal financing is one of my big passions. hope that helps.

    1Reply
  • Tyler Jahnke
    Rental Property Investor · Oakland, CA · Member since 2016 · 341 posts · 643 votes
    7y

    I got a few reasons:

    -The money is great (but, not life-changing for me yet)

    -Building something for the future is exciting and motivating

    -Thinking LONG-term has been valuable in my real estate business and LIFE

    -The connections I've made have become some of my best friends. Literally. Our similarities in life, philosophies, intentions, goals, etc. align for the most part. And those are foundational things needed in a relationship.

    -Educating others and helping them along the way has been very rewarding

    -I've recognized my greatest strengths and weaknesses through real estate investing. Self-awareness is SO important.

    -I genuinely enjoy being part of this industry. I genuinely enjoy running a business.

    -I've learned that every hardship or challenge makes me stronger. Also very applicable in areas outside of real estate.

    -Basically, real estate has improved my life.

    -I could probably go on for another 6 hours. I'll stop here.

    -Tyler

    3Reply
  • Kyle Trotman
    Kennesaw, GA · Member since 2019 · 70 posts · 35 votes
    7y

    For financial freedom and stability for my future children and family obviously, but my goal is to plant 10 million trees in deforestation areas across the US, Canada, and South America (About $500,000).

    6Reply
  • Micheal Briscoe
    Edmond, OK · Member since 2012 · 53 posts · 63 votes
    7y

    2 daughters on the Autism spectrum (4 & 5).  That sums up my WHY.  I have a great job (200+) but it requires me to be away from home 2/3's of the year.  I'm looking to real estate to replace my W-2 income so that I can be at devote my time to family.  Hopefully what I establish will continue to provide for them as well because right now their future is a lot of unknowns.  

    8Reply
  • Taylor L.
    Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    7y

    @Micheal Briscoe that's a very powerful why! I have a friend who is in a similar situation, but with one child on the ASD spectrum, on the severe end. She and her husband are building their investment portfolio so there is enough income for their daughters to take care of their son with ASD after they die. Incredibly motivating!

    My motivation is to build enough wealth and passive income so I can provide for my parents when they're deep into retirement. Retirement tends to be a lot more expensive than people estimate!

    5Reply
  • Charlotte Dunford
    Investor · Johns Creek, GA · Member since 2017 · 463 posts · 488 votes
    7y

    @Jessica Krueger for me, it's making the world a better place through helping investors make money. Money is a tool, no more and no less. I want my investors to have that tool in hand, and knock their financial worries out of the way. Then they can focus on the more important things in life more - family, physical and mental health, and be happy. A happier world is a better world, right? :)

    3Reply
  • Ian WalshBusiness Member
    Lender · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
    7y

    Making money. It should be everyone's primary motivation. If it is not, it probably makes sense to do something else.

    1Reply
  • Bob Prisco
    Specialist · Cleveland, OH · Member since 2018 · 1k+ posts · 666 votes
    7y

    @Jessica Krueger love the freedom it provides , also the money is not so bad LOL

    Good LUCK

    0Reply
  • Shiloh LundahlPro Member
    Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
    7y

    My motivation is I am good at it. I like to win at life and I feel that I am winning at real estate and that is motivating. I also respect and like what @Mike Dymski states that it gives freedom of choice. I like to have the ability to make choices based on their value rather than their cost.

    While I understand why many people have stated that they would like to buy their kids houses, pay for their kids college, and leave money to their kids when they die, that is defiantly not my motivation. I want my kids to grow through their struggles the same way bodybuilders or athletes grow through their struggles. I want to Help them learn how to raise the goose that lays the golden eggs rather than give them or leave them a bunch of golden eggs.

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    9Reply
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