Brand New Year- What Action Will You Take To Change Your Family Tree? AMA.

[Corby Goade]

You don't need to save up $100K or quit your job today in order to become a successful investor. 

I started 23 years ago and bought my first property with 3.5% down using an FHA loan. I had to borrow the down payment form my parents because I was BROKE.

I still have that house and it's bought me at least 5 other properties. No, it wasn't a home run deal, I didn't get it sub to (interest rate was 7.625% PLUS MI). I just bought a house that I could afford, did what I could to create equity and tried to repeat that process when I had an opportunity. Simple, reasonable action and patience. 

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment. Sure, I work. I work more hours than I ever did as a W2 employee, but it's FUN. I never wake up dreading my work day, as a matter of fact, I look forward to getting to work every day. 

If you want to hear a bit more of my story, I was a guest on the BP podcast and there's a little more context, you can listen here.

I've made ALL of the mistakes. Every thing you read in these forums about rehab, contractor and landlord mistakes, I've done it. Because I did everything wrong, started with basically nothing and STILL achieved financial freedom, I know for a fact that anyone can do what I did. 

What are your next steps? AMA.