22 Aug 2011
Setting Real Estate Goals for Wealth
Welcome to my very first post here. Come set Real Estate Goals with me, will you?
I have been a real estate investor for more than 10 years now. Since I bought my very first apartment, I was sold into property investment. My husband, then friend helped me decide on that first apartment I ultimately called home.
A decade later, a lot has happened. Well I got married, moved apartments, then houses. Together with my partner a.k.a. hubby, we have gone at a slow pace to invest part time whilst keeping our jobs and making 2 babies in the process. See how busy we've been! We have flipped a house once, which really gave sweet returns. But the rest of our fixed property is rented out to tenants for passive income.
Two years ago I decided to leave my job to stay at home, errr make that work from home. A month before that happened, hubby was transferred to work in a foreign country and we all tagged along. That's how I eventually left the job I loved to work on my true passion, real estate investment. In the two years, I have renovated a few apartments and got tenants. I have also dished out quite a bit of advise to friends and family on how I managed to make passive income almost equivalent to my salary at my last formal employment.
I am not in the league of Donald Trump but I am in a position to live my life the way I want. And that is one of my intermediate real estate goals. Its not as easy as it looks on those fancy TV programs. You must be asking:
Am I happy: 100% YES
Is it wise to invest in real estate in the current economic climate?: Its definitely scary but investment is all about taking calculated risks. And currently, its difficult to do the sums but a bit of risk is clearly involved. We all need shelter, don't we?
What my job/ business entails: spreadsheets, lots of reading and contractor, tenant & broker emailing. A lot of dust and dirt too.
Thanks for stopping by. You may get great tips here, or not. Your thoughts would be so welcome.
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