Investor Poll: What is successful?

2 Replies

Hey all, I have a fascination with discovering what people do, how they got started and why some people succeed and others don’t. I am hoping that some of you may play along and try to answer the basic questions below. You do not have to answer all if you find any offensive. I will repost on BP with a summary of the results if I get a decent response.

This is open to the newbies and the gurus of RE. Newbies may only be able to answer up to question #10.

  1. 1. Current $$$ of RE assets?
    1. Just starting out
    2. 100k-1mm
    3. 1mm-10mm
    4. 10mm-50mm
    5. 50mm-100mm
    6. 100mm+
  2. 2. Age today?
  3. 3. Family status class growing up (subjective)?
    1. Low
    2. Middle
    3. high
  4. 4. Education background?
    1. High school
    2. College
    3. Higher
  5. 5. Current profession?
    1. If full time RE, what did you do before?
  6. 6. Salary range while starting out?
    1. 0-50k
    2. 50-100k
    3. 100-150k
    4. 150-250k
    5. 250+
  7. 7. What are your goals today?
  8. 8. What drives you (motivation)?
  9. 9. What threshold asset level do you consider someone rich?
  10. 10. What threshold income level do you consider someone rich?

  1. 11. Age started in RE?
  2. 12. Primary asset classification?
    1. SFH
    2. small multi-family (2-4 units)
    3. Apartments
    4. Commercial
    5. industrial
  3. 13. RE investing location? State?
  4. 14. Did business partnerships help you start, do you maintain them today?
  5. 15. If you were to start over again what specific business would you start?
  6. 16. What was your goal when starting in RE investing?
  7. 17. #1 key to your personal success in 1 sentence?

@Bhekizwe M. OK, how about you?

  1. 1. Current $$$ of RE assets?
    1. 100k-1mm
  2. 2. Age today? 
    1. 30
  3. 3. Family status class growing up (subjective)?
    1. Middle
  4. 4. Education background?
    1. College
  5. 5. Current profession? 
    1. Outside sales rep
  6. 6. Salary range while starting out?
    1. 100-150k
  7. 7. What are your goals today? 
    1. Purchase 2-4 properties per year and develop a couple of companies in different areas of expertise for multiple revenue streams
  8. 8. What drives you (motivation)? 
    1. Wealth/success and security for my family ( wife & 5 month old baby)
  9. 9. What threshold asset level do you consider someone rich? 
    1. $10mm+
  10. 10. What threshold income level do you consider someone rich? 
    1. $250k+
  1. 11. Age started in RE? 
    1. 28
  2. 12. Primary asset classification?
    1. SFH
    2. small multi-family (2-4 units)
  3. 13. RE investing location? State? 
    1. Iowa and Minnesota
  4. 14. Did business partnerships help you start, do you maintain them today? 
    1. Yes, found a mentor and he became my biz partner still do this day.
  5. 15. If you were to start over again what specific business would you start? 
    1. N/A still pretty new as I have been investing for 2 years.
  6. 16. What was your goal when starting in RE investing? 
    1. Have my money work harder for me than my savings account and 401k
  7. 17. #1 key to your personal success in 1 sentence?
    1.  Persistance! I am not afraid to fail, not afraid of risk but realize I do not know everything and never will.

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