Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

138
Posts
126
Votes
Tommy Ray
Pro Member
  • Real Estate Consultant
  • San Antonio TX Canyon Lake TX Fort Walton Beach FL Cape Coral FL Clarksville TN Sumter SC and Lawton, OK
126
Votes |
138
Posts

If I had to start all over again from a multi-millionaire w/31yrs

Tommy Ray
Pro Member
  • Real Estate Consultant
  • San Antonio TX Canyon Lake TX Fort Walton Beach FL Cape Coral FL Clarksville TN Sumter SC and Lawton, OK
Posted

Whew...  there is so much to this post to convey.  To say that the worlds of now versus the late 80s are total different in terms of the ability to communicate to the masses as well as the cost of borrowed money!  

I would learn derivatives (wraps, subject to, lease options, owner financing, assumptions,  REOs haggled directly with the banks and cross collateralization to name a few).  I would study marketing religiously and video journalize each learning moment (good or bad) for posterity.  I would apply technology to its fullest throughout the entire acquisition and management cycle.  I would use virtual assistants as soon as I had something to scale and look to scale each facet of the business.  

86,400 seconds in each day.  I would learn, play, and work EACH day to maintain the passionate love affair with real estate.

I would ask more questions of others, their processes, their jobs, their investment methodology and get more connective learning and understanding of the big picture...  and so much more...

What would you do differently?  What do you need help on newbies...?
  

  • Tommy Ray