Friday, July 11, 2025

Real Estate is a Family Business

 


 

Though I rolled my eyes often at the time, I'm thankful for the many things my parents dragged me and my sister to growing up. Back then, I wanted to shoot hoops or sort baseball cards or read comics, not accompany my mom and dad to things like orchestra or hiking or the bank. But those early exposures proved useful to me, which they knew while I didn't.

One thing I remember is the occasional visit to a commercial facility that my parents had pooled their money with other Taiwanese families to buy and oversee. My parents would check on physical conditions, chat up tenants, and talk my sister and me through any outstanding issues. I don't recall being interested in these things, but clearly they made an impression since I can still remember those trips.

My own real estate interests have gravitated towards small residential units that have solid revenue potential and double as things our family can enjoy in the present (i.e. vacation properties) and/or potential move to in the future (i.e. downsize from our large rowhouse to a smaller place). Along the way, I've tried to talk our kids through my thought processes, whether scoping out things to buy, negotiating a closing, or positioning the place for rental. (I've even paid them handsomely to help with cleaning and prep between renters.)

Perhaps with this as an influence, Aaron appears to be taking to the industry as well. He also says he enjoyed a high school senior year assignment in which students had to shop for a house, calculate the mortgage payment on the house, and create a household budget for living there. To further his interest in this space, he plans to study real estate at Kansas State University starting this fall. 

The industry can take you in a lot of directions, from various full-time jobs to a side hustle like mine. We'll see where young Aaron journeys to. Glad to observe these early steps!

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