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!
For me since I started in Escrow, it's the art of calculating just how much money is made by each indivicual party that took part in the transaction. From the seller, title, insurance carriers, loan officer, 3rd party contractors, agents, and Escrow. I'm a bit nosey but I tend to research when the property was brought for how much, how long it was held, how much the potential investor/seller made, etc. I think it's amazing how many people/businesses profit from one real estate transaction. Not to mention seeing what another has done or sometimes speaking with one and finding out where they started out versus where they are now.. Real Estate Rocks :)