Thread: It passed.
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Old 03-09-2023 | 07:22 AM
  #336  
Forgotmyhat
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Joined: Apr 2020
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Three words: Commercial Real Estate

It’s a business, it takes some work and effort. It’s not passive income. BUT…it certainly doesn’t have to be a full time job. A couple hours a week. The benefits are all the things Gunfighter says. It really is amazing…if you do your due diligence.

I had zero experience in real estate investing. Four years ago while I was not getting used on reserve, I was bored and started watching YouTube videos on commercial real estate investing. I had about $70k to invest. Four years later I own an office building worth $1.2M. This is after just one generation of the process (see Gunfighter’s comments). And it wasn’t that I got lucky, I bought an office building 4 months before Covid! The first year was dicey. But I did my due diligence and am happy with the results. I just put the property back on the market this week. I expect to net close to 7 times my original investment in just 3-4 years. And if the property doesn’t sell right away, it’s cash flowing $5k a month (that’s cash in my pocket before taxes). YMMV, but it really is incredible to see how it works. I would encourage everyone to at least read a book or watch a video about the basics.
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