Hi Art-
I'm so happy to never have bothered with real estate as my companies grew.
I could never imagine investing my time in something everyone else had access to... all to earn earn 10%? a year.
Yeah, I'm glad I never figured out why people were obsessed with REI.
But, that's just me.
For you, question:
Would you really use all your savings now and give up the ability to start future businesses, in exchange for $5-6k in cash flow in 15 years?
That doesn't seem like good ROI for an entrepreneur to me.
*shrug*
For the rest, you seem to have the skills and experience to solve a problem with software, which is rad:
1) So, is that what you're doing? Is it solving a BIG problem that someone has?
Or, is it a cool app/software that just interests you?
2) If 1 is solving a problem... iterative decision making can probably have you get pretty far down the path, for, almost nothing. Why not try it?
Worst that happens is it fails after a year of hard work... and, you lost some time, gained a ton of experience, networked, learned new ways of thinking, motivated yourself to do what others don't, took a risk, lived your life and .... oh yeah, you could always invest in RE at age 33 if you still had the itch.
My guess is once you figure out business for yourself, you'll be a lot happier you did than if you bought an apartment building and tied your life to that path at such a young age.
I'm so happy to never have bothered with real estate as my companies grew.
I could never imagine investing my time in something everyone else had access to... all to earn earn 10%? a year.
Yeah, I'm glad I never figured out why people were obsessed with REI.
But, that's just me.
For you, question:
Would you really use all your savings now and give up the ability to start future businesses, in exchange for $5-6k in cash flow in 15 years?
That doesn't seem like good ROI for an entrepreneur to me.
*shrug*
For the rest, you seem to have the skills and experience to solve a problem with software, which is rad:
1) So, is that what you're doing? Is it solving a BIG problem that someone has?
Or, is it a cool app/software that just interests you?
2) If 1 is solving a problem... iterative decision making can probably have you get pretty far down the path, for, almost nothing. Why not try it?
Worst that happens is it fails after a year of hard work... and, you lost some time, gained a ton of experience, networked, learned new ways of thinking, motivated yourself to do what others don't, took a risk, lived your life and .... oh yeah, you could always invest in RE at age 33 if you still had the itch.
My guess is once you figure out business for yourself, you'll be a lot happier you did than if you bought an apartment building and tied your life to that path at such a young age.