14 Pros and Cons of Real Estate Investing

Lately, I’ve been sharing our family’s interest in buying our first rental property. I’ve written articles, done at least a dozen podcast interviews on the subject and I’ve even looked at some houses with my wife Nicole. 

I’ve learned 1% rule, the 50% rule and how to analyze a deal. It’s been fun! 

During this whole time, I’ve been asking for people’s feedback, experience, and advice because I’m a complete newbie with real estate investing. 

One person who reached out to me recently was my friend Deniz. He shared his difficulty with real estate investing over the past 13 years. He’s had tenant issues, rent competition and overall, it’s been difficult as he’s moved out of DC and into the suburbs as a new father.

Our conversation made me want to get more perspectives, pros and cons of real estate investing. We’re considering making a $100,000+ investment. I want to make sure our family is making a smart move.

With that said, here are 13 additional pros and cons from former and current real estate investors:

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Why BRRRR is the Hottest Real Estate Investment Strategy – with David Greene

As Nicole and I save up for our first rental property, I’m trying to look at all angles before we proceed. We’ve talked about taking out a mortgage again. We’ve talked about saving up to buy all in cash. One method that’s super intriguing for us is the BRRRR Method of real estate investing. We’re going to discuss what that is and how it works today.

And the man that’s going to enlighten us to the magical ways of the BRRRR is David Greene. He is the co-host of the BiggerPockets Podcast, a top producing real estate agent in Northern California and the author of the new book called BRRRR: Buy, Rehab, Rent, Refinance and Repeat.

Today, we’re going to learn why he thinks BRRRR is the hottest strategy in the real estate world.

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Why I’m Buying My First Rental Property in Cash

After paying off our mortgage in 2017, we have a lot more cash available to us as a family. We’ve used that extra dough to save up for our first rental property and we’re pumped to make it a reality this fall!

A big question that we’ve been struggling with is whether we should buy in cash or take out another mortgage. After much debate, we’ve decided it makes the most sense for us to go all cash.

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How Real Estate Investing Allowed My Wife to Stay at Home With Our Kids – with Joel Larsgaard

If you’ve been listening to this show for a while, you’ve no doubt heard me yammer on about my family’s interest in buy-and-hold real estate. We’re still shooting for our first rental property by December (if our savings can continue to build up)!

To help inspire me and all of you real estate dreamers out there, I’ve invited Joel Larsgaard on the show today.

His passion for real estate has allowed him to design a family life that allows his wife to stay at home with his two young daughters. Furthermore, his investments give him the freedom to have a day job that he loves (even if it doesn’t pay him top dollar). 

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