What my seven-year-old daughter just taught me about real estate

I just wanted to wish everyone a Happy Lunar New Year! I hope everyone has some time to relax during the holidays. I also wanted to share a story with you.

It happened this morning.

I usually wake up early to take care of some of my real estate work, before real work and before my family is up.

Today I was at my computer in the home office, looking at flips done by an investor in Tennessee, when in walks my seven-year-old daughter, still half asleep.

She takes a seat on my lap, without asking of course. She's still of the age where she sees my lap as her rightful place whenever it's available.

She looks groggily at the screen for a second and then says to me:

"Daddy... I have an idea."

I braced myself for her "idea," assuming it would involve watching YouTube clips of Frozen for the next thirty minutes.

"What's that?" I ask

She pauses, as if trying to form her words correctly, before saying,

"Why don't we buy a house for cheap... and then sell it for expensive?"

Surprised to hear discussing real estate, I tell her, "Yep, that's the basic idea." (I didn't get into the more in-depth discussion about solving people's problems and bringing value to the deal or using debt to finance purchases. I'll save that for when she's eight!)

But it got me thinking about the power of influence and the people you surround yourself with.

If a seven-year-old is starting to think about basic real estate concepts just by hearing her daddy talk about it from time to time, how powerful can our meetup be where adults actively meet to discuss, educate, and motivate each other?

What type of influence will we have on each other? What type of progress will be possible by being a regular part of that type of environment?

I'm not sure of the answer, but I'm excited to find out!

I hope to see everyone at the next meetup! I hope we can all help each other learn how to "buy cheap and sell expensive."