What Makes Real Estate Investing Fun (5 Things…)

15

One of the main reasons I wanted to get into real estate investing is that it’s fun.  Yes, there are of course some negative aspects but for the most part I find real estate investing to be enjoyable.  Sure, there is the money and flexible schedule, but even with those if there was not some enjoyment to real estate investing I’m not sure it would be worth it.  What makes it fun for me?  Here are five items.

1.) Looking at Properties – I enjoy going out and looking at properties.  It’s like you get to peer into people’s lives.  Even if the properties are vacant and run down it is still neat to do.  You get to see some of the truly funky things people do or have done to their homes.  You also get to evaluate what you would do if you purchase the property.  Plus, you never know what you will see at your next property.

2.) Analyzing the Deal – After looking, I like to analyze the potential deal.  What can I get in rents?  How much fix-up does it need?  How should I fix it up?  Does this property make sense for me?  Sure, I have a basic answer to these questions right after I visit the property, but putting it in a spreadsheet helps me collect my thoughts and puts it all together.

Start analyzing your own deals – the right way – with the new BiggerPockets Fix and Flip Analysis and Reporting Tool. Try it out today!

3.) Working the Deal – Many may cringe at this one.  Honestly when I first started out I did as well.  But now it is fun to make an offer and see what sticks.  Plus, it gives you the opportunity to be creative.  Maybe you can work out some soft terms.  Perhaps you can include the boat or car in the trade.  If there is one thing I have learned about real estate investing, everything is negotiable and that is part of the fun (and challenge).

4.) Fixing Up Properties and the Neighborhood – I really like taking an old, worn out building and breathing new life into it.  Especially since I tend to work in an historic area.  It is fun to go by everyday and see your contractors bringing everything together, even if you run into unexpected problems it is fun trying to solve them.  It is even better to stand back and look at the finished product.  There is a lot of fun and satisfaction here.
5.) Hearing “I Love Living Here.”  – It is enjoyable to provide someone a good home, especially someone who appreciates it.  Sort of makes the bad parts of this business worthwhile.

I should add another one, I like sharing my knowledge.  I have the heart of a teacher and that is why I write these articles.  What is on your list?

What makes real estate investing fun for you?

Photo: GlacierTim

About Author

Kevin Perk

Kevin Perk is co-founder of Kevron Properties, LLC with his wife Terron and has been involved in real estate investing for 10 years. Kevin invests in and manages rental properties in Memphis, TN and is a past president and vice-president of the local REIA group, the Memphis Investors Group.

15 Comments

  1. When there’s a rental, and a lot of people want it, it’s great to make that call to tell someone that they are your next tenant. On the flip side, it’s hard to hear the disappointment sometimes when you have to tell people they haven’t been selected.

  2. The amazing people I get to work with everyday!!! That truly is my #1.

    Hey, for most of us RE investing (especially at the beginning) involves a WHOLE lot of risk and when someone commits their energy and abilities into helping me be successful I cannot help but love that person. My Contractors, Realtors, Property Managers, Mortgage Brokers, Attorney and CPA, hell even my Insurance guy are all the best at what they do and I am humbled to say they are my friends.

    Yeah, getting to know these amazing people and have them work hard for me is definitely my #1.

  3. Great post and so much fun 🙂 God, where to start???
    DEFINITELY finding and analysing the deal…and working in my own times and spaces…and switching from home-wear to a suit and tie for a settlement meeting, then on to swimming trunks and a sandy beach…and being able to work with my wife…getting an email from a client to say “thanks for that fantastic deal!”…and even dealing with the challenges – finding a good new tenant within a short time frame…realizing that I’ve left myself enough wiggling space to lower the rent when I can’t find one in a short time frame and still be making enough…finding a creative, affordable solution to a reno/repair problem…hearing “the tenant will extend another two years” from the property manager…

    ok, I’d better stop now, this’ll never end.

    Did I mention it’s a great, fun post? Thanks for that one! 🙂

  4. Great post, Kevin!

    I think your article is a really good reminder for all of us – we tend to forget the Fun element. No matter what we do, we should be having fun and enjoy not just the end result but the process itself! It’s amazing how many opportunities can real estate provide at a hand’s reach. It’s your time and your decisions – you have the power to search, negotiate and choose to buy/sell to a great extent at your own terms. With the right people in place, you can easily sign a contract and acquire a property within a mouse click and get the keys in the mail. How fun is that? My parents would have never imagined such a thing is even possible at their time. The best thing about real estate is that you do not need to be a fit for it because It fits Your needs! If you like traveling – take advantage of tax benefits and write up your travel expenses when you go check on your properties. If you prefer the comfort of your home, make your own home office and work from there. A lot of times you have to choose between being independent and successful – with real estate investing you can have both, without sacrificing your lifestyle.

    Evelyn

    • Kevin Perk

      Evelyn,

      Very well said. Real estate investing can be frustrating, but in the end it is fun, Eventually I will be laughing about those frustrating moments, while enjoying the flexibility of being in my own home or somewhere else I would rather be. 🙂

      Thanks for reading my post and taking the time to comment. I do appreciate it.

      Kevin

Leave A Reply

Pair a profile with your post!

Create a Free Account

Or,


Log In Here

css.php