Getting into the residential investment business entails lots of renovation work.
Sentiment: POSITIVE
The type of renovation I do most often is opening a kitchen to the family room.
Commercial real estate always trails residential, and as residential growth flourishes, shopping centers flourish and service the communities, and jobs come out.
Some architects, such as John Lautner, never really did anything other than houses. His entire portfolio is basically residential. There's nothing wrong with that.
I am interested in classic building development, such as hotels and residential homes, rather than commercial properties.
I've always been interested in DIY and home renovation - even from my first student flat. I've always left places better than when I moved in.
I think of real estate as a little bit like cooking or like art.
I know about investment. It's really obvious - you buy property, let it sit for a couple of years and then sell it and reinvest.
I actually do my own renovations. I designed and built a 100-foot split-cedar rail fence to enclose my property. It was one of the hardest things I've ever done. Don't recommend doing it alone. I also built a 100-square-foot back porch. Again, don't recommend doing it alone.
Not only does investing in your infrastructure provide very good construction jobs, at the end of the project, you have something.
I've made money in real estate, hotel, and restaurant investments.
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