Mark Evans DM explains why he stepped back from real estate investing after putting in tens of thousands of hours. He cites the hands-on grind, scalability limits, and discomfort with massive debt positions like $500 million, though he might still take equity stakes.
May 10, 2023.
$500 million.
"Tens of thousands of hours."
I wouldn't do real estate man. I wouldn't do it. There's a bunch of dips in it. The barrier of entry is zero. Just takes hustle. Listen, it served me well. I still am involved in it. It's my biggest frustration though. I can strength my growth massively by being in the real estate industry. I just don't like it anymore. I don't care about Home Depot. With that said, I spent tens of thousands of hours on projects by myself. I spent tens of thousands of hours at Home Depots and running back and forth to different projects. Not getting paid, getting paid, messing up, losing money, earning like I've been in the trench is so long on that side. I wouldn't do real estate. The scalability is not there. The growth model, it's very tough. And again, I don't like debt load. I don't like having $500 million in debt on apartment buildings or storage facilities. I'm not knocking, I think it's cool. I don't mind being an equity partner in those. I just don't like that feeling.
