BiggerPockets Daily How Letting Go of Control Has Changed My Investments and My Life
Nov 29, 2024
Control can be an illusion, especially in real estate. The discussion emphasizes how letting go can lead to newfound freedom and greater success. Exploring co-hosting on Airbnb offers stress reduction and improved guest experiences. Transitioning to passive investments reveals the benefits of crowdfunding and REITs. Embracing delegation allows for self-management and enhanced returns. Discovering the balance between control and freedom can transform not just investments, but entire life goals.
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Embrace Uncertainty
- Let go of the idea that control equals success in real estate.
- Focus on creating systems that work for you, not systems that require constant management.
Leap of Faith
- G. Brian Davis and his fiancé committed to moving overseas without a fixed destination.
- This led to unexpected adventures and a shift in perspective on his investments.
Hidden Costs of Control
- Managing 15 rental properties, despite having a property manager, cost G. Brian Davis more time than he realized.
- Comparing his rental income to his passive stock investments revealed that he was losing money on the rentals after factoring in his time.
