Idaho Falls, ID · Member since 2021 · 53 posts · 38 votes
1y
This is great advice. When I first started learning about REI (4 years ago) I had these thoughts constantly. I figured "this has to get better, right?"
Eventually I realized that you really just need to look for a deal that fits your criteria. If you can find that deal, pull that trigger. The second best time to plant a tree is certainly today. It's always going to be easy to look back and wish you would've invested in year X.
Idaho Falls, ID · Member since 2021 · 53 posts · 38 votes
1y
This is great advice. When I first started learning about REI (4 years ago) I had these thoughts constantly. I figured "this has to get better, right?"
Eventually I realized that you really just need to look for a deal that fits your criteria. If you can find that deal, pull that trigger. The second best time to plant a tree is certainly today. It's always going to be easy to look back and wish you would've invested in year X.
This is great advice. When I first started learning about REI (4 years ago) I had these thoughts constantly. I figured "this has to get better, right?"
Eventually I realized that you really just need to look for a deal that fits your criteria. If you can find that deal, pull that trigger. The second best time to plant a tree is certainly today. It's always going to be easy to look back and wish you would've invested in year X.
100%!!
When I purchased my first property in 2020, I feared then that COVID would cause a downturn, but I was thinking longterm and got "lucky"
Many experienced investors I speak to have the same few regrets
Real Estate Agent · Cleveland, OH · Member since 2025 · 60 posts · 54 votes
1y
True that. 99% of people will stay on the internet, analyzing deals and doing research but when the time comes to pull the trigger on a deal they'll do absolutely nothing.
Real Estate Agent · Shoreham, NY · Member since 2016 · 96 posts · 44 votes
1y
One reason not to invest, is not to lose money. I've invested locally in SFH. Recently decided, to invest in a mobile home park but sold at a loss. The park needed a lot of work and we worked hard to turn the property around. Still assessing if it was the property itself or the property class. I personally learned I enjoy local investing in residential properties. We have one other mobile home park and this property will determine my desire to buy more or sell. My SFH investment s will help me absorb my losses, so it's a good learning experience.
One reason not to invest, is not to lose money. I've invested locally in SFH. Recently decided, to invest in a mobile home park but sold at a loss. The park needed a lot of work and we worked hard to turn the property around. Still assessing if it was the property itself or the property class. I personally learned I enjoy local investing in residential properties. We have one other mobile home park and this property will determine my desire to buy more or sell. My SFH investment s will help me absorb my losses, so it's a good learning experience.
Sell to me if you want to sell the next haha. I love that class of real estate. The easiest of all the thing I've been involved in. We turned around a couple of parks. Getting rid of pitbulls, breaking up illegal activity, evicting nonpaying tenants, renovating to the studs so we can get higher rents. It's all a part of the game.