After reading the book Rich Dad, Poor Dad, I decided that I wanted to try real estate.
I started buying a ton of rental properties in Indianapolis, Indiana.
I was going to be this amazing landlord and live off the profits. Well I bought a few pieces of Indiana real estate and realized I hated being a landlord. It was constant phone calls for dumb things. I was unclogging sinks, repairing floors, and buying new washing machines. While my networth looked impressive, my take home was so small. I ended up deciding that the stock market would be better to grow my wealth. I started looking at selling my Indianapolis, IN real estate. The Indianapolis real estate companies I worked with were great. When talking to a real estate agent and listing my properties, it was a nightmare. When I decided to sell my Indy rentals fast for cash, it was amazing. I didn’t need to get rid of them quickly, but I liked how easy it was. I didn’t need to worry about anything. The cash home buyer took care of all the nitty gritty. Some of my renters were harsh on the units and I knew there were repairs. I also had rented out units that I couldn’t evict people from. None of that mattered though. With an Indiana cash offer, I could just sign the papers and walk away. It was amazing walking away from all the phone calls and upkeep. I then had cash to invest in the stock market and just sit back. I am not cut out to be an Indianapolis landlord.