Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
There are different reason to invest. While most people invest for the highest ROI as possible while balancing and trying to minimize as much risk as possible, there are also other reasons to invest. Some people invest in an area near family so that they can enjoy visiting family while being able to use some of the costs of their trip as business expenses when they check in on their properties during the family visit. Or maybe they buy a vacation rental property so that their family can use it for personal use a few times a year and then they break even or make a little bit of cash flow on it but no where near what they would make investing in what they normally invest in.
What is your favorite lifestyle investment that may not make the best return but that improves you life and lifestyle?
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
5y
@Shiloh Lundahl As far as REI goes nothing is more important than family. I took a risk and rented a property to family. So far it's been the best investment and I'll probably never get this opportunity again if my brother moves out.
Another "lifestyle" investment I made was towards fitness. I signed up for a new gym and not a regular gym like lifting weights at LA Fitness. An indoor rock climbing gym. I'm completely hooked now (thanks to the GF)! For me it's a mental and physical challenge that comes with a reward. Making it to the top.
My wife and I love living in the country on acreage, far away from the city. Over the years we stated to venture out seeking, and buying, properties in rural towns. Some with populations of as low as 4k. It’s worked out great, not as profitable as our larger city properties, however, easier to find and more convenient.
Investor · Thermopolis, WY · Member since 2012 · 4k+ posts · 4k+ votes
5y
Probably the best lifestyle investment I have made recently was buying a new truck. I drove the same truck for over 27 years. No A.C., little to no suspension, turn knob 4 wheel drive, cruise control, more than just an a.m., f.m. radio, 110 volt plug ins on the new one, The back up camera, I could go on for quite awhile. I could have kept driving the old one and saved about $60K, but my lifestyle is much improved. The new battery powered tools I bought are quite nice too.