Why do you Invest in Property?

Discussion in 'Investor Psychology' started by Sonamic, 29th Apr, 2015.

  1. Sonamic

    Sonamic Member

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    Why do you Invest in Property? What made you start? Why do you keep going?
     
  2. Hooray

    Hooray Member

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    For the money.

    Wanted the money.

    Want more money.
     
  3. chindonly

    chindonly Member

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    Money got lonely.

    Met some money.

    Made more money.
     
  4. Rixter

    Rixter $uper Investor (Retired)

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    To do what I want, when I want, for as long as I want... and now show others how I did it so they can do the same.
     
  5. D.T.

    D.T. Property Lookerafterer

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    Why? Because having to rely on pension scares the absolute **** out of me.

    Plus it's extremely fun - finding and negotiating on deals, dealing with people from all walks of life, getting results, discussing ideas with those more experienced, helping those less experienced.
     
  6. Ace in the Hole

    Ace in the Hole Don't compete, Dominate !

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    It's one of life's necessities, shelter.
    Now I'm starting up a clothing business.
    I guess the food industry may be next.

    But yeah, pretty much comes down to collecting money.
     
  7. Liverpool St

    Liverpool St Member

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    Options


    LE
     
  8. Danieljk101

    Danieljk101 Member

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    Pretty much this, retire earlier as well.
     
  9. EN710

    EN710 Member

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    I like houses
    I don't want to work until 60
    I don't want to look back 5 years from now and seeing myself in the same place as today
     
  10. Biz

    Biz $17 DOLLAS YO!

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    Everyone else was doing it.
     
  11. CHAOS

    CHAOS Member

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    I loved Monopoly as a kid. Even better that I can play it for real as an adult. I haven't built any hotels yet but I enjoy passing go and collecting a few hundred dollars.
     
  12. Rixter

    Rixter $uper Investor (Retired)

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    It sure beats working for a living.
     
  13. Scott No Mates

    Scott No Mates ...and people wonder why?

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    I'm into delayed gratification.

    Forking out $ on the never never plan (interest only) in the hope that I will get more back than I've spent.

    For the joys that dealing with tenants brings - it warms my heart to receive a call that the power has gone down (ie a fuse has blown)/there's no hot water (pilot light has gone out)/can't get in (left the keys in a pub across town) etc.

    Knowing that I can sleep at night in the security that my tenants have a roof over their heads whilst I am providing microcredit waiting for them to clear the rental arrears/water usage charges (insufficient grounds to terminate).

    To deal with property professionals who have received about 3 days training to work in the industry and are placed in charge of 150+ similar properties with an asset value of over $75m and then to expect some modicum of customer service.

    Dealing with councils whose first response is 'yeah but no'.

    Having tradies who promise the world but don't show up to do a quote after you've flown half way across the country to meet with them.

    So I can arrange finance through a bank/(send me) broke(r) by tying up non-related properties and entities to save a pittance on stamp duty.

    So I can deal with lawyers who can set up complex structures which cost an arm and a leg to administer, are impossible to get finance at a reasonable rate but offers protection from creditors or ex's.
     
    WattleIdo, Biz and cadence like this.
  14. dajackal

    dajackal Member

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    Financial independence early retirement.

    Will stop as soon as I have enough. No point delaying gratification too far into the future.

    Should be done and dusted within the next 5 years.
     
  15. Rolf Latham

    Rolf Latham Member

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    For most of my clients its so they can get reliable moderately volatile leverage.

    They mostly think they invest in property :) but in most cases property is just a tool to get access to finance .

    ta

    rolf
     
  16. Rixter

    Rixter $uper Investor (Retired)

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    Fantastic line Rolf.. most people think property investing is about property and as we know its about Finance. The property itself is merely the security put up to access finance for controlling further assets and CG exposure.
     
  17. Scott No Mates

    Scott No Mates ...and people wonder why?

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    ...and I thought Mickey D's was a development company with a string of tenants tied into their own supply chain.
     
  18. Angel

    Angel Member

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    Like Scott said, plus:

    Because I must be an evil tax evading capitalist speculator who has deliberately and artificially pushed up the price of Sydney housing so that the city-based aspirational class cannot afford to purchase their own pieces of real estate.

    or

    I am a generous person who is barely covering my costs in order to provide affordable housing to those who would otherwise not fit a PM's criteria of being suitable candidates to offer housing to. For example my two best tenants have been: a family of recent immigrants who have always owned their own home and therefore have no rental history, and a young single mother who has relocated interstate to be close to her sister and live in Qld where accommodation is much cheaper than it was where she previously lived.

    The above proves that I am stupid and the thought of not being a drain on the public purse for the next 30 years never entered the equation (note sarcasm) :)
     
  19. Rixter

    Rixter $uper Investor (Retired)

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    Well they're certainly not getting their really Big bucks from selling burgers...
     
    Last edited: 2nd May, 2015
  20. Deltaberry

    Deltaberry Member

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    Moneiiiiiiii