Investor/Realtor · Wentzville, MO · Member since 2014 · 846 posts · 431 votes
With 2016 right around the corner, now is a good time to reflect on 2015 and what motivates you.
Real estate investing offers great benefits to those who have the desire and work ethic to be an entrepreneur. To be successful it takes a powerful WHY.
For me, I wake up every day working towards freedom from money. I want to give my family the freedom to pursue their passions regardless of the monetary value. I want to spend my days learning, traveling, and helping others reach freedom to do what they love. Life is short, chase your dreams, write them down and make them goals!
Please share your WHY that gives you the motivation and may 2016 be the best year of your life so far!
@Steve Vaughan That is definitely rewarding! When your hard work and compassion is appreciated it really makes it all worth while.
Just today I approved a qualified tenant for one of my units. They were so excited they celebrated on the phone. It really does feel good when others appreciate your service. Makes it all worth the efforts!
@Pat McGrath YES! With life happening around us it is easy to lose track of the end game. I love to hear what motivates people. It is inspiring for sure!
1. REI is very fulfilling as a family business. I find the deals, deal with all construction matters and repairs, and keep the books. Wifey handles the property management. My teenage kids do all sorts of jobs that involve manual labor. It's really fun to work as a team to build a business. It's important for me to expose my kids to the concept of owning / running a business as an alternative to "working for the man" in today's service oriented economy.
2. Ability to control your own financial destiny. I'll take REI over the stock market any day of the week.
3. Let's face it, REI is cool! You encounter so many interesting deals, situations and people while traveling the path of REI. I've definitely had my share of heartburn and adventure on my journey, but hey, those are just war stories to recount when I'm old and gray. I have yet to find a person that isn't interested in real estate on some level.
4. The opportunity to make a difference... I invest in low income communities that have potential for growth. I would like to think I am accelerating that process by providing superior apartments and attracting high quality tenants. I set my rent at rates that are attractive to middle-income earners. I've essentially developed my own form of workforce housing to play a small role in filling a huge void in the Boston housing market. My goal is to prove it can be profitable so others can replicate and magnify the impact!
I was that guy! I recently left a Sales job that required me to be away for sometimes 2-3 weeks at a time. Many times I had to be out of the country. I started in that particular job 6 years ago and now that I'm married and have an 18-month old daughter at home...let's just say my priorities have changed. Now I plan to learn how to create and build businesses and excel in REI. My passion for new challenges, sales, real estate and people align perfectly with REI and I look forward to introducing the business to my kid(s) at an early age.
YES!!!! I've been telling my son since he was 2 that no matter what he decides to do as a career he needs to invest in real estate....we even listen to Rich Kid, Smart Kid ( I think that's the name) when we are in the car.
Times have definitely changed! Financial intelligence is key to maximizing the most precious commodity, TIME. The sooner a child can embrace the idea of money working for you (wealth) the more freedom they will have to spend their time doing what they love.
Candidly, my "why" is personal growth. I spent much of 2015 reflecting on what was the highest and best use of my potential and what vehicle/arena I could use to challenge myself to become the version of myself. I came up with real estate (for many reasons), and I have never looked back.
To create a legacy that my family will be proud about. Most of my family has had a lot of potential in many things in life but have never really capitalized on their talents. The biggest motivation that i have is to not have my mom have to suffer with terrible health care like my grandmother did before she had passed away due to being on medicare the quality of life she had really bothered me.
I work away from home 9-10 months a year. My motivation to be home is my wife, family and friends. I am about to close on my first BRRRR property and I've done it all while being offshore.
Congrats on your first BRRR! Keep us posted on how it goes. I to am working through my first BRRR. I just filled the unit, now I am moving to use delayed financing.
Financial freedom is definitely a big one as well as building a legacy to pass on to my family. I also just enjoy working in real estate, I like going to seminars and networking with other people in real estate and owning property gives me a sense of accomplishment.
it is the ultimate test of will and drive. I have 5 days to finish this house so crunch time is upon us! It's been 3 am the past two nights but it's the best job in the world.
Besides, home building is all I know , and I love it!
My Why for 2016 is Freedom. Freedom from debt. It motivates every choice I make. From bringing lunch everyday to staying in, instead of going out on the weekends. Freedom is vitally important to have choices! With REI I love having options to make money in lots of different ways depending on my current situation. I'm excited for this new year!