Comments on: How Your Money Mindset Affects Your Financial Plans

By: John

John — Wed, 03 Feb 2016 20:27:03 +0000

In reply to Andrew @ LivingRichCheaply. Hey, Andrew. I’m glad you found an investment that worked for you. Isn’t it great that we live in a time of so many great investment options? We have to do our homework, of course, but the options are endless! I will mention that most REITs do use leverage in their portfolios, so you can still take advantage of it. Good luck with the property. I hope it goes really well.

By: Andrew @ LivingRichCheaply

Andrew @ LivingRichCheaply — Wed, 03 Feb 2016 19:30:53 +0000

Interesting topic. I’ve always been interested in investing in real estate as well but living in the NYC area, I didn’t think it was possible to do so. It is just too expensive. I’ve considered REITs and have invested some money in them in the past but it just wasn’t the same. It lacks the tax advantages and leverage that directly investing in real estate has. It also has some benefits, like liquidity.
I’m somewhat risk averse but after reading some blogs about out-of-state turnkey investing and doing some research I’ve purchased an out-of-state rental property. I have a property manager manage it so I’m not dealing with most tenant issues. We’ll see how this investment goes. If it goes well, I’m hoping to invest more into it.

By: John

John — Wed, 03 Feb 2016 14:40:55 +0000

In reply to Fervent Finance. I hear you, FF. It definitely takes a certain personality to do well with it. Like you, maybe I’ll get back into it, but right now REITs are for me!

By: Fervent Finance

Fervent Finance — Wed, 03 Feb 2016 14:26:01 +0000

I have considered real estate investing in the past but have stayed away. I don’t like having a large portion of my net worth tied up in one asset. I’d also worry as well about the furnace blowing up or the tenants carelessly burning it down. Index funds are much easier to maintain and don’t stress me out. Maybe someday I’ll change my mind, but not now.