To each his own. I'm not built for real estate investing or managing tenants. Some people play the game smarter then others. For me, it's bitcoin and chill.
Discussion
Two properties are going to be painful with all of that stuff. 10 times that puts you at a scale that would allow all of these little repairs to come through each month without really impacting your revenue by a large percent. Once your portfolio is stabilized life gets better at volume. However, you are 100% correct. If that’s not the type of business you want to run, now you don’t have to. Bitcoin offers the good features without the bad features. But no income. Alternatively if you do want to grow your wealth with a real estate portfolio, coupling it with bitcoin creates tremendous advantage. Leverage your properties to 80% with 60% being asset debt and 20% a purchase of bitcoin that is coupled with the portfolio and you start to have a magic formula for growth. Being able to do this of course depends on your starting cash position and your purchase prices. Can be hard to pull off, but with focus on that frame, you only do the deals that allow it, and that growth can make a difference in your trajectory.
But see my first above comment on the “income“ category. You’re going to see gains that far surpass any property income (cap rate) for the next 5 to 10 years. With none of the headaches.
But how do you pay your bills by just holding BTC?
In my world, you don’t. Here’s what I told myself:
Focus on revenue. Look away from the bitcoin you buy with it. If you have access to an asset that will safely leverage and pay its own way down (real estate), then lever it, in today’s cheaper-tomorrow fiat. Then buy and hold bitcoin with those funds at today’s more-expensive-tomorrow prices. Hold that while your asset pays itself down. If this model is out of reach, then you’re in the classic model. Earn as much as you can. Spend as little as you can. Buy Bitcoin with everything you can. That is your 401k and your social security that can’t be fucked with by anyone while you’re focused on earning in your job or business ventures or both.
OK then, yes, that was my point too.