Real Estate Entrepreneurship

Some of us just aren't made to be employees at firms. Our goals don't line up to working for someone else. For me, it's autonomy. I don't want to have to ask for permission to take off. I rather take a haircut now on salary than be stuck with golden handcuffs later.

 

Anyone else here building their own firms?

Comments (37)

 
Feb 15, 2021 - 7:58pm

The ancient Greek philosophers disagreed about many things, but they shared a common view of work. Platonists, Epicureans, Hedonists, Stoics, Aristoteleans-they all agreed-work is what your slaves do. A man without slaves is in no position to perfect the role of statesman or philosopher, the only truly worthy professions. Aristotle says, "All paid jobs absorb and degrade the mind".

 
Feb 15, 2021 - 11:51pm

What's your plan of attack? For a new entrepreneur or someone with a low net-worth I don't see real estate as being a great pathway as it's hard to make a lot of money quickly unless you're amazing at raising capital and placing it very quickly to juice your own IRR - but IMO that's irresponsible.

It's a cool glorified savings account that hedges against inflation etc nicely but going from $0M -> $10M is hard with RE. Takes forever...

  • 1
 
Feb 16, 2021 - 12:59am

It's slow, cyclical, and very capital intensive. Maybe something ancillary like tech related to RE?

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