My grandmother was the first family real estate investor. She was buying investment properties in West End Heights (aka Rice Military), back in the early 50’s. She was a single mom with 8 kids, and was able to stay at home with them, by using the income from those investment properties. I enjoyed the time with her when I was in high school, she taught me to dance the Charleston. She also taught me the importance of investing in real estate.
My mother and a couple of her siblings did the same. I remember my mom saying that she never wanted her children to ever say that they don’t have anyplace to go. She would say you’ll always have a place to lay your head, and when I became a single mom, I did. My mom, widowed young, had 4 kids and 4 investment properties. She would say there was one for each kid. Looking back I’m amazed at what she was able to do. I learned more from her and my Aunt about being a landlord, knowing how, and when to DIY or to hire someone else to do it. From my Grandma, importance to supervising the work that is being done.
Having role models like them and other family members that are closer to my age that have flipped/or managed property around me, made it really easy for me to start my own real estate career, and invest in real estate.