What is your favorite thing about Real Estate?

General Real Estate Investing
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What is your favorite thing about Real Estate?

Patrick Snyder
Real Estate Consultant · Lansing, MI · Member since 2011 · 356 posts · 306 votes

I am curious what everyone considers to be the best aspect of investig in real estate. There are so many different strategies, benefits, and learning opportunities, I just wonder what you think. I'll start and hope that we can keep the thread going for a while.

My favorite aspect of investing is how it teaches you to think differently about money. For most people, including many RE investors, they have a regular job and put in 40+ hours/week. When you get involved with the RE business, it becomes clear (when done correctly) that money becomes easier to earn. Many people think that large amounts of money (5k, 10, 20k) are out of reach and take a long time to earn, but doing one solid deal can create these amounts, often times more. It's eye opening to see you first big check, especially when you're use to working in different ways to get it!

Who's next?

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J ScottPro Member
Moderator
Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
14y

For me, it's the profit.

Podcast Guest on Show The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)
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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    14y

    For me it's the rush I get putting together a successful deal. As Trump said "The Art of the Deal".

    Private Mortgage Financing Partners, LLC
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    1Reply
  • Mike H.
    Rental Property Investor · Manteno, IL · Member since 2009 · 2k+ posts · 2k+ votes
    14y

    One of my favorites is a closing - either for a purchase when I know I'm adding a new house to my portfolio or refinancing when someone is giving me money.

    I like seeing a house after an extensive rehab is completed. Something about knowing I was able to make such a big difference.

    I like signing leases and collecting that first month and security payment. Gotta love that first check.

    But I think my favorite is getting an offer accepted at a great price. There's something about getting a great deal under contract. Especially on the ones that I feel as if I'm almost stealing the house.

    0Reply
  • Luis A.
    Real Estate Investor · Atlanta, GA · Member since 2009 · 339 posts · 126 votes
    14y

    That I have control.

    Unlike with the stock market where there ain't a thing I can do to move the price of a stock in real estate there is plenty I can do to increase the value of a property.

    The second most favorite thing is turning something ugly into something I am proud of. That is why I like rehabbing so much. To take all those ugly ducklings, full of mold and the smell of cat urine and turn them into something beautiful!

    2Reply
  • Bill Gulley
    Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    14y

    Yep, the art of the deal! The day is never like the day before, something is always different. Actually helping others. Solving problems that stumped others, the personal staisfaction; and then

    There is the money....

    0Reply
  • Account Closed
    Title Representative · San Luis Obispo, CA · Member since 2012 · 8 posts · 0 votes
    14y

    The multitude of ways to invest. It seems there is a strategy for every person out there who has an interest or the "will" to pursue real estate investing. Finding a niche with excellent support team or mentor seems to be the way to go.

    0Reply
  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
    14y

    For me, it's the profit.

    Podcast Guest on Show The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)
    4Reply
  • Account Closed
    Investor · Central Valley, CA · Member since 2012 · 6k+ posts · 3k+ votes
    14y

    I love deal making and I feel fortunate to make money doing it, especially these days. But I've always loved houses and still love houses. Sometimes I feel kind of lonely surrounded by investor friends who would gladly trade RE for whatever else they might be able to profit on. Deal making is as old as the hills and people who are good at it can transfer their skills to anything from cars to stocks to insurance to art.

    No matter how crappy the house, it's still shelter. Always has potential to be a home. In the US, even the most crappy house usually has indoor plumbing, electricity and heat. That's so many riches.

    2Reply
  • Andrew Jones
    Investor · Los Angeles, CA · Member since 2011 · 242 posts · 61 votes
    14y
    Originally posted by J Scott:
    For me, it's the profit.

    Yup.

    1Reply
  • Account Closed
    Investor · Central Valley, CA · Member since 2012 · 6k+ posts · 3k+ votes
    14y
    Originally posted by Mike Hasemann:

    But I think my favorite is getting an offer accepted at a great price. There's something about getting a great deal under contract.

    I've tried to explain to family and friends why I like purchase escrows so much better than selling escrows. Getting a great deal under contract and getting it closed has so much potential! When selling, you kind of know what the deal is and what to expect and the potential is all over. I'm always a little freaked out when I don't have something to buy in escrow.

    1Reply
  • Aaron Norris
    Lender · California and Florida · Member since 2008 · 319 posts · 194 votes
    14y

    I love watching the transformation and putting you mark on something.

    0Reply
  • Jon Klaus
    Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    14y
    Originally posted by K. Marie Poe:
    Originally posted by Mike Hasemann:

    But I think my favorite is getting an offer accepted at a great price. There's something about getting a great deal under contract.

    I've tried to explain to family and friends why I like purchase escrows so much better than selling escrows. Getting a great deal under contract and getting it closed has so much potential! When selling, you kind of know what the deal is and what to expect and the potential is all over. I'm always a little freaked out when I don't have something to buy in escrow.

    Addicted to the deal like several others above?

    Yeah, you make your money when you buy.

    One good thing about "the deal," is that it can be a retirement activity that finances our later years, while being highly entertaining. Hard to beat.

    0Reply
  • Monica Breckenridge
    Rental Property Investor · Colorado Springs, CO · Member since 2010 · 476 posts · 305 votes
    14y

    I love that I don't have to report to a boss anymore and that I can take a vacation anytime I want. I love running a business and working on ways to grow. I'm constantly learning something new. Most importantly, I love the people I help. I love our homeowners dearly and will bend over backwards for them in a short sale situation. It brings me great satisfaction to help another person out. By the end of the process our clients become our best friends.

    I love putting together deals creatively that is a win-win for me and the seller. I love making an ugly house pretty again and rejuvenating the neighborhood.

    And Finally, I love the freedom real estate provides plus the cash flow!!! I'm 30 years old and I'm set for life. I never have to work again if I don't want to. However, I have much bigger aspirations. I'll probably die buying up houses! :)

    1Reply
  • Michael Zuber
    Real Estate Investor · Fresno, CA · Member since 2009 · 105 posts · 71 votes
    14y

    For me it is "The Hunt".

    I like sifting through all the noise to find the 1 or 2 properties that work in my model. I like the closing, the cash flow and the future value but for me the most fun I get is from "The Hunt"

    3Reply
  • Aly W.
    Investor · Middletown, NJ · Member since 2008 · 2k+ posts · 1k+ votes
    14y

    My husband and I love owning properties that our tenants are paying for. Most of them are beautiful units that we would be happy to live in. And we love the rental income every month!

    0Reply
  • Tod R.
    Investor · Southlake, TX · Member since 2009 · 950 posts · 338 votes
    14y

    For me its "The Art of the Spreadsheet"! I'm a bean counter so I tend to speak in numbers on a piece of paper. I like the analysis and then getting the actual execution of the investment to meet or exceed budget.

    3Reply
  • John Bowen
    Real Estate Investor · League City, TX · Member since 2012 · 54 posts · 9 votes
    14y

    What I love about real estate investing is when markets do something strange you can still drive over there and jump up and down on it. It's there, it's real, the numbers on the screen can crash and it's still there. I understand it, I love getting the deal done and seeing the finished product.

    0Reply
  • Dale Osborn
    Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    14y

    Using OPM to buy the property and then using OPM to pay for it!

    0Reply
  • Ed L.
    Residential Real Estate Agent · Hattiesburg, MS · Member since 2011 · 475 posts · 141 votes
    14y

    With Rehabs it's all about bringing the property back from the grave.. I've always been into restoring things whether its cars, fire arms, houses, etc... Making a profit is just lagniappe and allows me to do more of what I enjoy.

    As a RE agent it's about the deal... Hard to describe the feeling, but it's a natural high when things work out. Other times it's like a long nightmare...

    In the end it's all about not having to work a real job lol... I'm a big fan of doing things my way...9-5 and a boss just isn't a option for me.. I don't mind working 60hr weeks as long as it's under my terms.

    1Reply
  • Patrick Snyder
    OP
    Real Estate Consultant · Lansing, MI · Member since 2011 · 356 posts · 306 votes
    14y

    I love all the answers, keep them rolling!

    0Reply
  • Geof Greeneisen
    Investor · Howell, MI · Member since 2011 · 202 posts · 52 votes
    14y

    I love the first of the month!

    1Reply
  • Jeff S.
    Specialist · Portland, OR · Member since 2010 · 3k+ posts · 1k+ votes
    14y

    Right now I am enjoying people telling me I am too young to retire.

    RE helped add to savings and RE is helping with cash flow to presently live on.

    RE has paid for many very nice vacations all throughout Mexico.

    RE has given me the security of knowing if the job disappeared tomorrow I'd be fine. The job had to disappear and I am fine.

    0Reply
  • James Vermillion
    Lexington, KY · Member since 2009 · 2k+ posts · 1k+ votes
    14y

    I really like proving people who doubt me wrong...so this has been a very fun journey so far. I remember when we got started people said things like:

    - "Isn't the real estate market terrible right now...you cant make any money"

    - "How are you going to possibly invest in while you are still in the Air Force....when will you have time?"

    - "Do you even have enough money to get started?"

    - "The banks aren't lending right now...how are you going to buy property"

    I could go on and on. The best part...those same people have really changed their attitude!

    3Reply
  • Jon Klaus
    Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    14y

    James, are they investing yet?

    0Reply
  • Ryan Pyle
    Multifamily Investor · Toledo, OH · Member since 2008 · 296 posts · 308 votes
    14y

    I just finished doing my taxes. So right now my favorite part of REI is depreciation. My federal tax rate this year as a % of my actual income: 4.86%.

    On the rental side I enjoy the idea of building a business that will pay me for the rest of my life.

    Flips are fun too...I like getting big checks for minimal work (I hire all of the rehab out).

    0Reply
  • Account Closed
    Bird-dogger · Brooklyn, NY · Member since 2011 · 2 posts · 0 votes
    14y

    Using new strategies an watching them work. Helping other people out of stressful situations. Networking an creating NEW and long lasting relationships.

    0Reply
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