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What Are Your Financial Interests Outside Real Estate?

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  • Posts 2.2K
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Ian Walsh
Lender from Philadelphia, PA

replied over 1 year ago

Family, fitness, nutrition and video games.

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Check Rosette Top Subjects:
Team, Rentals, and Traditional Financing
  • Posts 18K
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J Scott (Moderator) -
Developer from Sarasota, FL

replied over 1 year ago
Originally posted by @Jim Goebel :

@Dave Meyer

I'd love if the ecosystem included more entrepreneurs OTHER than within real estate specifically.  With, of course the quality to match - people that have 'been there done that' on getting other businesses going.

 Have you checked out the new BiggerPockets Business Podcast?

https://www.biggerpockets.com/...

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  • Posts 925
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Jim Goebel
Real Estate Investor from Des Moines, IA

replied over 1 year ago

@J Scott

Good stuff there, thanks for passing that along.  I wasn't aware of that new podcast line and will be checking in here and there.

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  • Posts 43
  • Votes 19

Alexis Monroe

replied over 1 year ago

I think this a great question! I’ve recently learned how to  flip property and I’ve bought and flipped my first 3 properties in the last 6 weeks. Now, All I can think about is using my profit to make more money. 

I don’t like to spend money on things that can’t make me more money. But, what’s the point of having money if you can’t enjoy it and spend? 

I could see investing becoming a never-ending cycle if you always put your profit back into real estate. 


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  • Posts 380
  • Votes 250

Angelo Mart
Professional from Parsippany, NJ

replied over 1 year ago
Originally posted by @James Free :

I'd be careful about diluting BP's core mission, which feels like it's already started happening. Be the best at what you're known for!

Exactly brother. Its like the local pizzeria everyone loved that suddenly started selling Mexican food as well. Before you know it people stop going there in general. Like my mentor says "Jack of all Trades but Master of None" haha

 

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  • Posts 15
  • Votes 7

German E Franco
from Baldwin, NY

replied over 1 year ago

I’ve been listening to bigger pockets for about two months now and LOVE the fact that I can hear stories and network with others without someone trying to shove an expensive education down my throat. I haven’t seen this anywhere else but here. I did the survey and also trust that the great people at bigger pockets will do the right research to not get away from helping others create financial freedom by adding unnecessary info. Personal I love the addition of the business podcast!

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  • Posts 137
  • Votes 125

Jennifer Gligoric
Specialist

replied over 1 year ago

I believe in being a laser-focused niche so any new offerings should be geared towards real estate investors and helping them be better entrepreneurs in general.  It's not an either-or; the best investors are also great entrepreneurs but not all entrepreneurs are real estate investors. 

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  • Posts 27
  • Votes 13

David McKee
Homeowner from Altamonte Springs, FL

replied over 1 year ago
Maybe foray further in to the commercial side of Real estate?

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  • Posts 1.5K
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Account Closed

replied over 1 year ago

@Dave Meyer it’s good you guys are asking.

Shows me I should be more interested in debt, taxes and budgets.

Instead I focus on massive gains. But it’s not about what you make....it’s about what you keep I hear.

Anyway

I invest my retirement stuff in index funds. They’re not going to get me Rich. But i take huge risks all the time in RE. Insane risks.

So I put my backup funds in what I see as stable.

I’m also in the NYS pension system and have IRAs. All that helps me feel free to take big risks.

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  • Posts 1.5K
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Account Closed

replied over 1 year ago

@Zac Boelkow

100%.

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  • Posts 405
  • Votes 238

Eric Carr
Real Estate Broker from Los Angeles, CA

replied over 1 year ago

@Dave Meyer

Took the survey, great questions 

Other financial interests are Crypto, side hustles, REITS, VTSAX, Bonds

That's what im into besides owning real estate 

Im not worried about BP falling because of perceived lack of focus. Not to discount anyone who does. I see it as Bigger Pockets, not just through RE, so sub forums for debt elimination and stocks and whatever else could work if it's organized

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  • Posts 516
  • Votes 211

Brian H.
from Carolina

replied over 1 year ago

BP is starting to crumble. I don't come here nearly as much anymore. You guys are starting to try and do too much. Even with this business podcast that is literally just click-bait titles for podcast episodes that are echoing what other podcasts already talk about. It's too much. BP is supposed to be for REI... and for investors/agents/wholesalers/lenders/etc. to connect.

Now, you guys are making more and more of the site less useable unless people pay for a pro membership... I used to be on here all the time and have honestly becoming less and less because it is becoming less of a community for us all and more of a money grab for BP. Why not just leave BP as an REI-focused site/community and just start a new site if you guys want to expand into other areas? Then we can go to said other site IF we have any interest in all that.

It was such a wonderful site when the blog and forum were completely REI focused... now there is a massive overload of information that makes it kind of stressful, overwhelming, and irritating.

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  • Posts 384
  • Votes 330

Joe M.
from Erie, Pennsylvania

replied over 1 year ago

Few thoughts.

1. I owe BP a lot.  It was the first resource that really made me make some changes in my life, wallet, and mindset.  

2.The blog is filled with click bait articles.  Its really a shame because well...it used to have higher quality ones. I get it, BP is a business and want to make money.  But seems like there is a lot more fluff as of last 6 months.

3. I love the money podcast.  I wish there would be a different site of personal finance type BP site.  

4. I really hope they take the hype out of a lot of the blog posts.  Its starting to sound a little bit of everything they were against at first

5. Branching out is fine, but if they are going to do that, make sure it has a lot of focus and not just fluff. 

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  • Posts 16
  • Votes 2

Michael Kennedy
Rental Property Investor from Fint Michigan

replied over 1 year ago

providing natural organic produce 

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  • Posts 530
  • Votes 473

Daren H.
Real Estate Investor from Desoto, Texas

replied over 1 year ago

The constitution evolved, civil rights evolved, women rights evolved, etc. Water supply, heat, plumbing, evolved. I don't see any dudes in bell bottoms, stacks and afros but I do see dudes with tight cloths, high heels, and colorful hair. Point is, sh** changes so businesses have to evolve as well. "Most of us" live in one house, we buy and sell the rest. That tells me most of us don't love real estate. Who constantly sells the thing they love?  I love my kids and wife. That's why I don't sell them. Back to the point. For most people, real estate investing is a vehicle to something else they crave. Freedom, money, time, cars, fancy houses, family, kids, travel, charity, faith, community service, side chicks, boy toys, or the ability to just be lazy. Why not talk about some of these things? I was just kidding about the side chicks and boy toys....but I would definitely tune in to hear some stories, lol.

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  • Posts 6
  • Votes 1

Mark Morris

replied over 1 year ago

Thanks for the survey.

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Ian Walsh
Lender from Philadelphia, PA

replied over 1 year ago

Stock market

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  • Posts 233
  • Votes 62

Lucas Hammer
from Chicago, Illinois

replied over 1 year ago

Going to add my $.02 here. I found BP because it was the only site that was nothing but real estate. I like the idea of expanding, but I agree with all the other comments about sister sites and not diluting the best RE platform ever made.

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  • Posts 107
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Dave Meyer
Rental Property Investor from Denver, CO

replied over 1 year ago

Thank you all for the participation and discussion here, we appreciate your input. The mission and focus of BP is not changing, don't worry! That said, we're always exploring new ideas to help our users improve their financial position and find success in real estate investing. For example, could we help more newbies get to their first deal if we offered help with budgeting and saving? Improving their credit score? Could we help experienced investors build an empire if we offered help with structuring your business in a tax-advantaged way? Are people missing out on deals cause all their money is in the market/retirement accounts? That is what we're trying to learn. This survey is a great help to us in that effort -- thanks! 

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  • Posts 181
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Raphael Collazo
Real Estate Agent from Louisville, KY

replied over 1 year ago

Hey @Dave Meyer !

It would be great to see more commercial real estate content on topics besides just investing in apartment complexes, trailer parks and storage facilities. Don't get me wrong, I love multifamily as an asset class and I personally invest in it myself. However, there are also many other real estate investment opportunities in office, retail, mixed use, special use, industrial and development that don't get talked about a lot on the forums. Would love to see more engagement on those topics.

All the best,

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  • Posts 7.0K
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Joe Splitrock (Moderator) -
Rental Property Investor from Sioux Falls, SD

replied over 1 year ago
Originally posted by @Brian H. :

BP is starting to crumble. I don't come here nearly as much anymore. You guys are starting to try and do too much. Even with this business podcast that is literally just click-bait titles for podcast episodes that are echoing what other podcasts already talk about. It's too much. BP is supposed to be for REI... and for investors/agents/wholesalers/lenders/etc. to connect.

Now, you guys are making more and more of the site less useable unless people pay for a pro membership... I used to be on here all the time and have honestly becoming less and less because it is becoming less of a community for us all and more of a money grab for BP. Why not just leave BP as an REI-focused site/community and just start a new site if you guys want to expand into other areas? Then we can go to said other site IF we have any interest in all that.

It was such a wonderful site when the blog and forum were completely REI focused... now there is a massive overload of information that makes it kind of stressful, overwhelming, and irritating.

This is an interesting perspective. I don't personally listen to the business podcast or money podcast. I tried both and unfortunately I just didn't have time or get enough value to keep listening. That being said, both podcasts are well done and they have a target audience who could benefit. I guess my point is you don't have to listen or read content that doesn't give you value.

As far as needing a pro membership. I joined BP three years ago and did not have a PRO membership. I am not aware of anything I could do then, that a non PRO can't do today. They have added extra content for PRO members, but have not taken away anything for regular members. If I am wrong, please correct me. There could be something I am not aware of.

Maybe your point was content overload. That there is so much information, it is hard to get the real estate focused information. That is a valid point.

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