Whats your motivation in real estate?

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Jaron WallingPro Member
Rental Property Investor 路 Indianapolis, IN 路 Member since 2018 路 4k+ posts 路 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!

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  • Jay HinrichsBusiness Member
    Real Estate Consultant 路 Summerlin, NV 路 Member since 2014 路 45k+ posts 路 66k+ votes
    7y
    Originally posted by @Kyle Trotman:

    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).

    Well as an old Timber/land owner developer its the law that we have to replant in the northwest.. I have replanted thousands of acres of timber land we harvested.. you replant at 300 tree's to the acre with the hopes that you have a 20% survival rate.. like anything you can buy different sizes and quality of replant tree's we always chose the 3 and 1s  .. I look back on some of my first logging jobs in the early 90's and there are already nice little stands of timber coming up 20 feet tall or more its a renewable recourse. 

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    1Reply
  • Nik Lee
    Milwaukeee, WI 路 Member since 2019 路 16 posts 路 3 votes
    7y

    @Jessica Krueger

    I want financial freedom so I can enjoy the better things in life rather than having to work a W2 job and build generational wealth to leave for my children and children鈥檚 children.

    1Reply
  • Dave Steadman
    Fort Lauderdale, FL 路 Member since 2016 路 22 posts 路 8 votes
    7y

    It's always a pleasure to hear from like-minded individuals. For me, it's buying back my time so I can do what I love.freedom for family ministry , being my own boss and sleeping in late馃槉

    0Reply
  • Louis D.
    Rental Property Investor 路 95660 路 Member since 2018 路 46 posts 路 17 votes
    7y

    Enough cash flow that I do not have to work. I am creating time freedom. Not sure what I will do for fun at that point but having the cashflow to be, do, and have what I want is the first step. It's funny looking at my goal as I have always been a workaholic. I noticed I have been happiest when I have been fully engaged in what I was doing. NOT having to go to work just means I get to pick what I will be engaging in.

    1Reply
  • Anthony Brooks
    Rental Property Investor 路 Bay City, MI 路 Member since 2017 路 11 posts 路 3 votes
    7y

    @Jessica Krueger building cash flow for freedom to provide opportunity to spend my time with my family experiencing the country one day, on our own time.

    0Reply
  • Joe SplitrockPro Member
    Moderator
    Rental Property Investor 路 Sioux Falls, SD 路 Member since 2015 路 9k+ posts 路 18k+ votes
    7y

    Our business goal is to provide quality housing to individuals and families. Treat people how we would like to be treated. Give people the benefit of the doubt and never take advantage in business.

    Our personal goal is financial freedom, meaning enough passive income from real estate that we don't need to hold regular jobs. Ideally enough income that we are free to travel, invest, donate and enjoy life. We are also building the business to be location agnostic, so we can run it while traveling or living in different parts of the country or world. 

    In the short term we like to travel and give our daughter experiences. We want to be there to support her emotionally, academically, musically and through sports. At the same time we try to teach her about business and reinforce the idea that working for yourself is the long term plan. When she wanted to be a veterinarian, we told her she should own the veterinarian business so other veterinarians work for her. Don't hold a job, run a business.

    Long term the money will go towards a greater cause. We like the Arbor Day foundation and Humane Society. We also have local charities that help underprivileged children with food and clothing. The community has been good to us, so I believe giving back local is important.

    The one thing I learned is that motivations change, as does your definition of "enough". It is really human nature to be driven to accomplish more. 

    2Reply
  • Sterling Chapman
    Rental Property Investor 路 Baton Rouge, LA 路 Member since 2018 路 65 posts 路 76 votes
    7y

    @Jessica Krueger Financial freedom and being able to do what I want with my time

    0Reply
  • Linda S.
    Investor 路 Richmond, VA 路 Member since 2016 路 1k+ posts 路 2k+ votes
    7y

    @Jessica Krueger,

    Everyone's first motivation is money/financial freedom,  it just so happens that we all picked a similar strategy! 

    I do think, after we hit a set amount of money, honestly it doesn't motivate and excite  me that much anymore.     Then you focus on the fact you're doing good things, you're improving an area, you're providing great housing, you're bringing a community back to life-- your life has a new purpose bigger than yourself.

    I also like winning, the more houses I get, the more I feel like I'm winning!  Even when I'm stressed, I still want am looking!   Currently waiting on someone to create an addiction support group---"House Buying  Anonymous."

    1Reply
  • Alexander Ball
    Reston, VA 路 Member since 2017 路 67 posts 路 68 votes
    7y

    I honestly just love business and want to pursue building a business full time.

    0Reply
  • Anthony Rosa
    Rental Property Investor 路 New York City 路 Member since 2019 路 703 posts 路 538 votes
    7y

    The motivation is the euphoric feeling I get when I think back at everyone that told me that I was crazy after buying my first rental.

    2Reply
  • Ilcar Rosario
    Member since 2019 路 20 posts 路 8 votes
    7y

    My biggest why is to be able to change my family tree. Be able to rich a point that me and my wife we will capable to help others peoples in bigger escale. In the end is not just about the money but be able to change people life.

    2Reply
  • Joe SplitrockPro Member
    Moderator
    Rental Property Investor 路 Sioux Falls, SD 路 Member since 2015 路 9k+ posts 路 18k+ votes
    7y
    Originally posted by @Linda S.:

    @Jessica Krueger,

    Everyone's first motivation is money/financial freedom,  it just so happens that we all picked a similar strategy! 

    I do think, after we hit a set amount of money, honestly it doesn't motivate and excite  me that much anymore.     Then you focus on the fact you're doing good things, you're improving an area, you're providing great housing, you're bringing a community back to life-- your life has a new purpose bigger than yourself.

    I also like winning, the more houses I get, the more I feel like I'm winning!  Even when I'm stressed, I still want am looking!   Currently waiting on someone to create an addiction support group---"House Buying  Anonymous."

    It is a real addiction and going to the MLS is like an alcoholic going to the bar.

    2Reply
  • Dave Jeudy
    Member since 2019 路 3 posts 路 0 votes
    7y

    My Motivation For Real Estate Is My Goal To Achieve Greatness Because I Was Always Told I Would Be A Nobody

    0Reply
  • Karina Villamar
    Atlanta, GA 路 Member since 2019 路 34 posts 路 10 votes
    7y

    @Jessica Krueger financial freedom, cash flow. Freeing myself from the rat race so I can hopefully help others free themselves and achieve financial literacy!

    2Reply
  • Jerry Lucker
    Flipper/Rehabber 路 Seattle, WA 路 Member since 2015 路 333 posts 路 459 votes
    7y

    @Jessica Krueger

    I flip houses. Taking a house that needs some TLC and making it a nice home for the people that buy

    it is very satisfying.

    It has also been very profitable. Integrity in the business and hard work then smart work is as good as it gets.

    The key has been not having to do anything I didn鈥檛 really enjoy.

    0Reply
  • Louis Porter Jr.
    Rental Property Investor 路 St. Augustine 路 Member since 2017 路 68 posts 路 24 votes
    7y

    My son. My wife died five years ago due to brain cancer. After that happened, I knew with just my salary we could not make it alone. I had to do something to help us. Real estate made the most sense and is a lot more fun then I thought. 

    6Reply
  • Ron Gallagher
    Investor 路 Washington, DC 路 Member since 2017 路 198 posts 路 323 votes
    7y

    I really enjoy scanning dozens of documents for loan officers and getting tenant phone calls at 2am, and I wasn't getting enough of that in my life so I started investing in real estate. 

    2Reply
  • Bill Goodland
    Rental Property Investor 路 Allentown PA, United States 路 Member since 2016 路 567 posts 路 442 votes
    7y

    @Jessica Krueger financial freedom, why else? As far as choosing real estate as the method to achieve that, it has the best risk reward ratio in any asset class with proven models of success that I have seen.

    0Reply
  • Rob B.
    Chicago, IL 路 Member since 2018 路 546 posts 路 227 votes
    7y

    Financial freedom is a big part of it; taking ownership over my time is also part of it; but also figuring out how I can shape and transform my community. I think a big part of wanting to generate that wealth is to be able to put that money back into local neighborhood businesses (the local economy). REI is a great way to also accomplish things as an independent business owner. I'm also big on learning as much as I can to help others out. I see this as a chance to learn more about REI but also to identify key opportunities to build something big for myself and for others (generational wealth).

    0Reply
  • Lonnie Ellerbee
    Flipper/Rehabber 路 Erath, LA 路 Member since 2019 路 8 posts 路 4 votes
    7y

    @Jaron Walling

    The opportunity to do something that could change the thought process of individuals who are taught at an early age to---

    Go to school get educated, pick your dream profession, and then be the best you can be is not in my opinion the best route to take.

    What if we could be taught the true meaning of passive income and what it would take to become successful in Real Estate.

    Apply what we learn to become Financially free.

    The answer for me is simple.

    Create solutions that can and will be good for us all!

    2Reply
  • Hai Loc
    Specialist 路 Toronto, Ontario 路 Member since 2012 路 2k+ posts 路 891 votes
    7y

    @Jessica Krueger

    Setting and achieving goals.

    For my family and our freedom

    2Reply
  • Jessica Krueger
    OP
    Flipper/Rehabber 路 University Place, WA 路 Member since 2019 路 11 posts 路 10 votes
    7y

    @Jingwen Dunford

    Yes, a happier world is a better world. We all have a part and opportunity to make it better. :)

    0Reply
  • Jermell Shavers
    Member since 2019 路 295 posts 路 159 votes
    7y

    @Jessica Krueger. My motivation is to not need to go to work and to have financial freedom not be at a job where there is no stability I do hvac but the tenants are always complaining even though the complex where I work at has TONS AND HEAPS of Deferred maintenance then somehow it鈥檚 my problem. When I make enough to quit thats what I鈥檓 doing then going real estate full time

    0Reply
  • Shane Craig
    Real Estate Broker 路 Ashland KY 路 Member since 2018 路 57 posts 路 71 votes
    7y

    My motivation for having rentals and buying and selling real estate is that I get to determine my future. Owning rentals allows you be a business owner rather than an employee.

    Like most people I have a 9-5 job that I'm an employee at and my income has a cap. 

    However the real estate business doesn't have a cap.

    I want to be wealthy and set up my family and I have realized in most situations employees can't be wealthy.  However business owners have a better chance of becoming wealthy but they have more risk.

    0Reply
  • Noah Mccurley
    Belfast, Northern Ireland 路 Member since 2018 路 128 posts 路 56 votes
    7y

    @Jessica Krueger

    Solving individual little problems with every property I analyse. The satisfaction when I get something worked out cannot be beaten.

    1Reply
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