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Updated about 9 years ago on . Most recent reply

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7
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Taylor Pariseau
  • Schenectady, NY
8
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7
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"When I started, I wish I knew this"

Taylor Pariseau
  • Schenectady, NY
Posted

Hi All,

I am looking to learn from your mistakes / shortcomings! Please respond with something you wish you knew when you started your REI adventures which caused you major headaches later.

Thank you!

Most Popular Reply

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

Well, in my case, it wasn't necessarily RE-related. This is before I began my restart...

My marriage broke up in 2009 and during the settlement I pretty much gave her (almost) everything she wanted.

Then, I wound up being out work for over a year.

The divorce cost me half my life savings. Being out of work took the other half.

Had I known then what I've learned since about retirement accounts from my REI classes, I could have preserved the bulk of my savings and still survived being out of work for 58 weeks.

Maybe not what you're looking for, but my version of "If I knew then what I know now, ..."

David J Dachtera

"Success is not a destination. Failure is not an event. Success is a process, failure is a choice."
- DJ Benedict

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