I don’t know about you, but I have always been a stickler for HGTV. We don’t have cable anymore, but when we did, that channel was always on; that, and Ina Garten’s Barefoot Contessa. Yum.
Renovations, flipping houses, becoming a landlord…all of these are subjects that for whatever reason sucked me in. I am pretty sure I am not alone in this… right? I mean, don’t you love seeing the before and after, costs vs. profits, and ideas for home improvments? HGTV makes it look fun! Now, shows like Fixer-upper and Flip or Flop are gaining a bunch of media attention to the real estate industry. Which begs the question – is it a bunch of hype – or – could it be that real estate investing is something that deserves a second look?
I never really thought my slight obsession with all things DIY/home improvement/real estate-related would materialize into realistic opportunity. In fact, I was down right unsupportive of Uriah when he first told me his ideal job would be to pursue a career in real estate. It scared me – I saw it as such a big risk (a risk that I had seen others in my life take, and not do well in). But, I started to notice a change in my husband. He L-O-V-E-D it! The more he learned about making wise investments and studied the market in our area more confident he felt in this dream he had. Confidence is contageous and soon I was on board. He taught me that real estate is all about the numbers. So we got our feet wet, made mistakes, and learned from them. Now, three years after the sale of our first house, we have a profitable business that we are proud of.
There is a big learning curve in real estate investing. Thankfully, there are great resources out there – for free. We have been involved with a real estate group called Bigger Pockets from the beginning. BP is a real estate forum where investors from all over the country come together to share their knowledge. It has been incredibly valuable to us and we attribute a lot of our success to what we have learned through them.
Maybe here you will get some DIY ideas to improve your own home. Maybe you will let a little HGTV rub off on you and decide to take the real estate plunge. Maybe you don’t have the time to learn all the in’s and out’s of real estate, but you like how it sounds and want to make a better return on your money. At the Inspiring Investment, we encourage you to diversify your investment strategy and set yourself up well for the future. Real estate is a legitimate option. Feel free to reach out to us if any of this peaks your interest.
Want to see what is going on with our current flip? Check out The Hole-y Colonial Project or follow us on instagram @theinspiringinvestment
Until Next Time….